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Most Americans seem to like their 401(k)s — even if they don’t have a 401(k) — and they’re not very keen on government proposals to change them, according to a new survey.In fall 2015, a whopping 88% of households disagreed that the government should take away the tax advantages of DC accounts, and...
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The assets of the nation’s largest retirement funds slid 2.3%, as pension de-risking moves took their toll on corporate DB plan assets.Among the 200 largest plans, DC plan assets crept 1.5% higher to close at $1.81 trillion, while DB plans shed 3.6% to $4.58 trillion. Pensions & Investments...
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Defined benefit plans’ allocation to commodities and returns from those investments fell in 2015, says a recent report.According to Pensions & Investments, the top 1,000 DB plans’ allocation in commodities dropped by 16.2% since 2014. P&I reports that the decline in the Bloomberg Commodity...
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Student loans can be a help in earning a college degree. That’s a good thing, since that degree can help that former student pay off the loan and try to come closer to a day when he or she can start saving for retirement in earnest. Recently released research includes data on what student debt can...
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Increased longevity is good news! But for pension plans it’s another story. For them, it creates more stress — it spells greater drain and heightens the likelihood that plans will pay benefits for a longer period.The Social Security Administration’s (SSA) Office of the Chief Actuary late in 2015...
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The Obama administration’s final budget wasn’t a complete retread of its prior retirement plan proposals, but there wasn’t much good news for employer-sponsored retirement plans.Small business owners and small business retirement plans were once again targeted by a proposal that would limit the...
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Though specific policy details remain elusive on many key issues in the 2016 presidential campaign, the tax reform proposal of a leading candidate could undermine the 401(k).Sen. Marco Rubio (R-Fla.), after his surprisingly strong third place finish (just behind Donald Trump and Ted Cruz) in the...
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Millennials are the newest — and largest — part of the workforce. And they have needs and approaches that differ markedly from those of their older compatriots, including how they learn. Those who serve and administer retirement plans are wise to pay attention to, and respond to, their unique...
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Is a pension plan you serve considering de-risking? If so, your clients may be well-served if you make sure they are aware that de-risking means more than addressing problems the plan itself may be having — it means that participants may have some decisions to make as a result.In a recent Wall...
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Wrapping up a first week of February with action on legislation designed to block, slow or thwart the Department of Labor’s (DOL) fiduciary rule, the U.S. Senate finally got into the act with two pieces of legislation.Sen. Johnny Isakson (R-Ga), chairman of the Senate Health, Education, Labor and...
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