A relatively strong job market, new tax breaks, and state mandates are encouraging more small businesses to offer 401(k) plans to their employees.
Tag: retirement plans
DOL Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of Americans, a senior administrator said. “We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, said in an interview with The Wall Street… Continue reading DOL Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu
Fidelity to Allow Retirement Savers to Put Bitcoin in 401(k) Accounts
Fidelity Investments will be the first major retirement-plan provider to allow investors to include a bitcoin account in their 401(k). Employees won’t be able to start adding cryptocurrencies to their retirement accounts right away, but later this year, the 23,000 companies that use Fidelity to manage their retirement plans will have the option to include… Continue reading Fidelity to Allow Retirement Savers to Put Bitcoin in 401(k) Accounts
Many Workers Increasingly Suing Employers Over 401(k) Plans
You would think most investors are fairly happy with their results,10 years into a rising stock market and with solid gains delivered by bonds, too. But that apparently isn’t the case at a lot of 401(k) workplace retirement plans. Unhappiness over high fees, inappropriate investment options and other issues have led to a spike in… Continue reading Many Workers Increasingly Suing Employers Over 401(k) Plans
Labor Department Makes Public 401(k) Rule Change
The Labor Department released a final rule to make it easier for small businesses to band together to create joint 401(k) retirement plans for workers. The rule, which takes effect Sept. 30, broadens the ways companies could join together to offer retirement accounts, according to a department official. Under the rule released Monday, companies in… Continue reading Labor Department Makes Public 401(k) Rule Change
Income Options Are Coming to 401(k) Plans
A growing number of employers are exploring ways to help 401(k) participants turn their savings into a sustainable income in retirement, even ahead of Congress passing legislation that would make it easier to do so. “For many savers, the ultimate outcome they desire is income to replace their paychecks,” said Mark Iwry, a Brookings Institution… Continue reading Income Options Are Coming to 401(k) Plans
House Passes Bill Making Big Changes to U.S. Retirement System
The House of Representatives passed legislation that would bring substantial changes to the U.S. retirement system, making it easier for employers to offer 401(k)-type plans and include annuities, which guarantee an annual income, as options for workers. Backed by a bipartisan group of lawmakers including Rep. Richard Neal (D., Mass.), chairman of the House Ways… Continue reading House Passes Bill Making Big Changes to U.S. Retirement System
A New Fight Breaks Out Over 401(k) Fees
Investors have reaped big savings as fees have fallen in 401(k)-style retirement plans. But two recent lawsuits have claimed some financial-services companies tried to generate revenue beyond traditional administrative fees, sometimes at consumers’ expense. One recently settled lawsuit contended employers should have protected employees from plan administrators using their information to sell them products. Companies… Continue reading A New Fight Breaks Out Over 401(k) Fees
Alliant Retirement Consulting Named to PLANADVISER’s 2019 Top 100 Retirement Plan Advisers List
Alliant Retirement Consulting, a division of Alliant Insurance Services, has been named to the prestigious PLANADVISER Top 100 list. The retirement consultant was recognized among teams with more than $3.5 billion and 200 retirement plans under advisement, earning it a place among the year’s most notable retirement plan specialists. “Alliant Retirement Consulting’s continued success is… Continue reading Alliant Retirement Consulting Named to PLANADVISER’s 2019 Top 100 Retirement Plan Advisers List
Funded Status of Largest U.S. Corporate Pension Plans Slipped in 2018: Willis Towers Watson
The funded status of the nation’s largest corporate pension plans slipped at the end of 2018 as a sharp decline in the stock market during the fourth quarter offset what looked to be a second consecutive year of improved funding, according to an analysis by Willis Towers Watson, a leading global advisory, broking and solutions… Continue reading Funded Status of Largest U.S. Corporate Pension Plans Slipped in 2018: Willis Towers Watson