A new Labor Department rule would make it easier for small businesses to offer 401(k) plans, part of an effort to close a retirement-plan coverage gap that affects millions of employees. The proposed regulation would allow companies to band together to offer 401(k) plans sponsored by entities including business associations. Such arrangements, often called multiple-employer… Continue reading 401(k) Rule Change Would Ease Small Companies’ Path to Joint Plans
Tag: retirement plans
Prudential CEO Strangfeld to Retire; Lowrey Named as Successor
John Strangfeld is retiring as CEO of Prudential Financial Inc. at the end of November and will be replaced by Charles Lowrey, currently executive vice president and chief operating officer, International Business of Prudential, the Newark-based company announced Wednesday. Strangfeld will serve as non-executive chairman until April 5, at which time Lowrey will also assume… Continue reading Prudential CEO Strangfeld to Retire; Lowrey Named as Successor