Public Retirement Research Lab data show public-sector DC plan participants had account balances of an average $32,000 and a mean $96,000.
Sponsors of 403(b) and 401(k) plans differ in how they view in-plan guaranteed lifetime income options, a survey shows.
Trade groups representing plan sponsors snubbed a proposal by President Biden to give people equal tax advantages for retirement savings.
Over 94% of retirement plan participants opted not to take advantage of the coronavirus-related distributions available under the CARES Act.
Despite economic uncertainty, individual contributions to retirement accounts remained strong in the fourth quarter, according to Fidelity.
A task force created by Wisconsin's governor has recommended the formation of a state-run retirement savings plan called WisconsinSaves.
CAPTRUST Financial Advisors acquired Cammack Retirement Group, marking CAPTRUST's 47th acquisition since 2006.
Defined contribution plan executives plans are focusing on reviewing plan fees and formal fiduciary training, among other matters for 2021.
Tesla did not make any matching contributions to its 401(k) plan in 2020, the third straight year it passed on contributing to the plan.
The coronavirus pandemic has prompted some U.K. retirement plan sponsors to launch new and improved financial wellness tools.
Voya Financial joined BlackRock's Emergency Savings Initiative, an effort to provide tools to individuals for building financial stability.
Robert Capone was named head of defined contribution at Legal & General Investment Management America.
Virginia could soon have a private-sector retirement savings program, through legislation passed by the Virginia House of Delegates.
OneDigital Investment Advisers has purchased Fulcrum Partners, an executive benefits consultant.
Fidelity Investments introduced a pooled employer plan for small employers looking to offer a 401(k) plan for the first time.
Blackstone plans to merge Alight Solutions with a special purpose acquisition company to create a new publicly traded company, Alight Inc.
Thanks to the Supreme Court, ERISA stock-drop cases remain a tough challenge for participants to even get to trial.
As Principal rushes its new pooled employer plan, it's looking to advisers to take a leading role in raising awareness of the option.
Kenneth J. Munro III was named to a new role as national sales director for Empower Retirement's core market business segment.
Fidelity announced it was cutting to $5 million from $100 million the target-date asset level sponsors would need to qualify for lower fees.
DCIIA has launched a plan sponsor institute, an educational and networking organization meant to foster collaboration.
Ascensus and Empower Retirement announced the purchase of Truist Financial Corp.'s institutional 401(k) record-keeping businesses.
PCS Retirement has acquired fellow record keeper Alliance Benefit Group-Rocky Mountain.
One year after the SECURE Act, some sponsors are trying to regain momentum to see if in-plan annuities make sense for their participants.
Target-date managers see greater opportunities for lifetime income products in defined contribution plans — Cerulli Associates.