The slumping economy is causing even state and local government employees, who typically get traditional fully loaded pensions, to hold off on retirement, according to a new survey.
JPMorgan Chase & Co. has partnered with Lipper Inc. on Target Date Navigator, a tool for financial advisers that helps employers choose the right target-date funds.
In an effort to maintain a tight grip on retirement assets, some major 401(k) providers are considering lowering the investment management fees they charge to employers.
Target-date funds were hammered in the third quarter and fared worse than the S&P 500 because of international stock losses, but advocates remain hopeful that investors won't dump them based simply on short-term performance.
Consider the inertia of today's 401(k) plan participants the vindication of behavioral economics.
Close to half of defined contribution plan participants still turn to friends and family for advice about their retirement plan assets, according to a new survey.