Wal-Mart, Merrill Lynch settle 401(k) fee suit
The settlement reached this month in the excessive-fee suit involving Wal-Mart Stores Inc.’s 401(k) plan is on a par with other recent settlements.
House Republicans ask DOL to go easy on retirement plans
More than four dozen Republican House members sent a letter to the Labor Department last Monday urging the agency to tread carefully if it includes individual retirement accounts in a new rule that would expand the definition of “fiduciary” for people providing advice to retirement plans.
PBGC: Deficit Swells, Service Continues As Bankruptcies Rise
An obscure federal agency tasked with protecting the pensions of employees at bankrupt companies has managed to maintain high-quality services under difficult economic conditions.
New Retirement: Tracking Pension Funds [video]
CNBC’s Sharon Epperson’s “New Retirement” segment shows workers how to track all the retirement funds they have coming to them.
We’re Not Ready: More Bad News About Retirement
The idea of retirement in America is becoming increasingly far removed from the idyllic notion of our “golden years.” For many, it’s now just another source of worry, despair and resignation.
Older Americans are not ‘living the high life’ despite study’s findings
A Pew Research Center study gives a distorted view of how elders are faring in today’s economy.
Is your pension plan having a religious conversion? Here’s what you can do.
Have you received a notice informing you that your pension plan is seeking approval from the Internal Revenue Service to convert to a “church plan”? Here’s what this means to your retirement – and what you can do about it. Many people who work for nonprofit organizations that are associated with religious organizations – hospitals, […]
Filing Puts Pension Benefits at Risk
The parent of American Airlines had been trying to renegotiate pay and work rules for pilots in the weeks before Tuesday’s Chapter 11 bankruptcy filing. Now, pension benefits could be at risk.
PBGC raises maximum annual benefit to nearly $56,000
The Pension Benefit Guaranty Corp. announced Wednesday that the maximum benefit retirees can receive from the agency will increase by $2,000 in 2012, to $55,841.
‘Father’ of the 401(k)’s Tough Love
Ted Benna, who three decades ago seized on an IRS loophole to transform American retirement savings, says he’s proud to be “father of the 401(k).” He also thinks he created a monster.
Have seniors gotten rich at the expense of young adults?
You might think so if you read some recent stories in the news about wealth differences among generations. But you may want to think again. A recent study published by the Pew Research Center on “The Rising Age Gap in Economic Well-Being” states that in 2010 households headed by seniors (adults age 65 and older) […]
SunTrust latest large company to freeze pensions
SunTrust Banks will freeze its employee pension plan at year’s end, following a cost-cutting move pursued in recent years by several companies.
