Don’t Break Our Thriving 401(k) System, Groups Urge Government
Wharton’s Olivia Mitchell weighs in on a study by three benefits groups calling 401(k)s a success and telling tax reformers to stay away.
Americans to Congress: Hands Off Our Retirement Accounts
A survey released by the Coalition to Protect Retirement found 87% of Americans think retirement accounts should be “off limits” to Congress.
Employers ‘Committed’ to 401(k)s
Employers are committed to providing 401(k)s to their workers, a survey from WorldatWork and the American Benefits Institute found.
Employer-Sponsored 401(k) Plans Would Drop ‘Significantly’ if Tax Treatment Curtailed: Study
A new report has found that curtailing the current U.S. tax treatment of contributions that workers and their employers make to 401(k) plans will “significantly reduce” employers’ willingness to sponsor plans.
PBGC Deficit Hits $34 Billion; Benefits Council Calls Number Misleading
The Council says ‘all pension fund liabilities—including the PBGC’s—are overstated by the historically low interest rates.’
On J.P. Morgan Call, Optimism Reigns on Election, Fiscal Cliff
Speakers see room for optimism on changes in Congress, possible tax reforms.
Benefits Council Objects to New Pension Enforcement Rule
The American Benefits Council is taking issue with a new policy issued by the Pension Benefit Guaranty Corp. that it says “challenges” the health of the defined benefit system.
Retirement Planning Groups to SEC: Stop Messing With Money-Market Funds
In a joint letter to the SEC Tuesday, the ICI, FSI and others said the proposed changes would render the funds "far less desirable—if not unusable—for retirement savers."
DOL Backs Off Controversial Brokerage Window Plan
EBSA backed off on its controversial fiduciary requirements involving brokerage windows under its fee-disclosure rule 408(b)(2) that had the retirement planning community up in arms.
Time Bombs Lurk in Retirement Overhaul: Lawmakers, Experts
House Ways and Means Committee Chairman Dave Camp warned Tuesday that a retirement overhaul in efforts to reform the tax code could "threaten the retirement security of ordinary families."