The Markets

Diversified industrial manufacturer Actuant Corp suspended its core contribution to the company's 401(k) plan and to its restoration plan for the majority of its U.S. employees.

The law firm Cohen Milstein Sellers&Toll PLLC has filed a lawsuit on behalf all persons or entities that purchased shares of Oppenheimer Champion Income Fund.

Power management company Eaton Corp. is implementing cost-saving measures companywide that include suspending matching contributions to employees’ 401(k) accounts.

Regions Financial Corp. plans to suspend contributions to employee retirement accounts to save money and jobs.

Almost three-fourths of mutual fund investors hold funds outside of an employer-sponsored plan, and most of those mutual funds were purchased through an adviser.

U.S. Steel Corp. announced it has suspended company match contributions for its two New York-based 401(k) plans effective January 1.

The combined assets of the nation's mutual funds decreased by $191 billion, or 2%, to $9.411 trillion in January, according to the Investment Company Institute (ICI).

The U.S. Senate Special Committee on Aging is scheduled to hold a hearing on February 25 to examine, among other things, target-date funds.

The Coca-Cola Co. is adopting a cash balance pension plan for new and current employees, according to a news report.

Retirement assets fell 5.9% from $16.9 to $15.9 trillion during the third quarter of 2008, according to Investment Company Institute (ICI) data.

Registered independent advisers (RIAs) plan to increase their ETF usage, according to a new Strategic Insight report.

The Evansville Courier Co., has suspended its 401(k) match and frozen its pension plan.

Vitesse Semiconductor Corporation, a provider of advanced IC solutions for Carrier and Enterprise networks, said it has suspended its 401(k) employer match contributions in an effort to reduce...

Asset management fees remained stable in 2008 but are likely to be under pressure in 2009, according to a report by Mercer.

A Jackson, Michigan-based electronics maker has become the latest to suspend its 401(k) match.

Investors in U.S. stock mutual funds added modestly to their portfolios during the latest month, reversing seven straight months of net redemptions, according to Strategic Insight data.

Greenwich Associates’ new U.S. Defined Contribution Pension Plan Research Study indicates almost 79% of eligible employees participated in their companies’ 401(k) plans in 2008, a slight increase over...

The average asset manager experienced a 23% drop in assets under management in 2008, according to a new survey of defined contribution investment-only (DCIO) executives by Sway Research...

Atlanta Convention&Visitors Bureau announced Friday it will cut contributions to employee 401(k) and profit-sharing plans for the year to make up for an expected $600,000 shortfall of revenue...

Harrah's Entertainment last week revealed that the company will suspend matching employees' 401(k) contributions.