Tag: 401(k) plans

"As we take a moment to celebrate the strong foundation and accomplishments of the system, let’s also recognize the opportunities we have to help even more employers and...

Workers under age 35 are realizing they need to start saving now, according to Ascensus.

EBRI and ICI point out that 401(k) account balance growth reflects contributions of employers and workers, in addition to investment returns, and varies with participants’ asset allocation, withdrawals...

Among those who know how their 401(k) assets are allocated, they had 51% of their assets in equities, Legg Mason learned in a survey.

In the past 10 years, the average 401(k) balance has grown 87%, from $56,900 in the third quarter of 2008, Fidelity Investments reports.

They can also prompt participants to make other important improvements to their savings strategies, Voya Financial learned.

Retirement Plan Manager is aimed at helping advisers serve plans with less than $5 million in assets.

Nearly half of workers feel confident about their retirement prospects, an AllianceBernstein survey found.

Monthly expenses are their second concern, The Standard found in a survey.

Not only does the solution help prevent 401(k) loan defaults when a participant experiences an involuntary job loss, it now covers voluntary job changes.

The complaint specifically calls out the 11 T. Rowe Price target-date funds (TDFs) offered by the plans, saying they are all adviser or retail class funds—as opposed to...

However, only 33% are confident about their retirement readiness.

The firm has revamped its Aviator 401(k) program, now adding simplified investment lineups, affordable pricing, and fiduciary support services to its offerings. 

Twenty-one percent of workers expect that working in retirement will provide them with a major source of income, but this is only true for 9% of retirees.

Sponsors expect their advisers to be proactive and to push their plans to the next level.