The Department of Labor's (DOL) recently proposed rule on 401(k) plan fee disclosure is being hailed by industry officials as a step in the right...
DOL Looks to Rescue Orphans
The U.S. Department of Labor (DOL) has a rescue mission in place for orphans--that is, the more than 1,650 401(k) plans holding close to $900 million in assets that are abandoned each year, sometimes due to a company merger, a dot.com bust, or a spin-off.
Retirees Not Saving Enough
Data from a new study of the recently retired prepared for Putnam Investment underscores the need for employees to invest more aggressively before retirement, as Social Security, traditional defined benefit and cash balance plans remain the largest source of income for households.