PRC response to a Request for Information on electronic disclosure in benefit plans (06/06/2011)
The Pension Rights Center submitted comments in response to a Request for Information by the Employee Benefits Security Administration on delivering information to participants and beneficiaries through electronic means. The Center supports the current safe harbor for electronic disclosure, warning that moving to electronic disclosure as the default means of delivery could harm the retirement […]
Don’t Play Dead With Your Rollover
The Great Rollover Hunt is on. Some $350 billion will be rolled over into individual retirement accounts from 401(k)s and other workplace accounts this year, up from $330 billion in 2010, according to Financial Research Corp., an investment industry research firm.
Revealing Excessive 401(k) Fees
You may not realize this, but your 401(k) or other workplace retirement plan is not free.
More Americans Choose to Work in Retirement
Most Americans now think they will continue to work after they reach retirement age. Both financial and personal reasons have been factored into their decisions to delay retirement.
Gold-Plated Retirement?
In “The elderly are better off than advertised” Washington Post columnist Robert J. Samuelson attacks what he calls “selective and self-serving statistics” that have been cited by defenders of Social Security and Medicare. According to Samuelson, such statistics are used to oppose cuts in these vital programs and support an “outdated and propagandistic notion that […]
Labor extends date to comply with 401(k) fee disclosure rule
The Labor Department said Wednesday that it will give employers with 401(k) and other participant-directed plans more time to comply with a final rule requiring disclosure of fees and expenses of the investment options offered by the plans.
How to protect your 401(k) if you leave your job
You thought the hardest part about saving for retirement was figuring out the best place to invest your money? Here’s another head-scratcher: what to do with your 401(k) when you leave your job.
Fight heats up over DOL definition of fiduciary
As federal regulators put the finishing touches on a broader definition of fiduciaries, legislators and lobbyists are increasing their efforts to send it back to the drawing board.
Annuities in retirement plans remain rare
Years after they were first launched, in-plan annuities meant to help retirement-plan participants turn their nest eggs into regular income streams remain fairly rare.
Tough times cause second thoughts about retirement
Just how are people older than 50 doing with their retirement savings? In a recent survey sponsored by the AARP Public Policy Institute, things are not so rosy, even for those who were steadily employed during the last three years.
Baby Boomers Fear Retirement Years
Retirees and workers on the verge of retirement have many concerns about their continued financial security.
Retirement And The Recession: Savings Destroyed For One Out Of Four Older Workers, Says AARP Survey
Workers older than 50 are gloomy about retirement after getting beat up by the Great Recession, according to a survey released Tuesday by AARP’s Public Policy Institute.
