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Latest Pension Stories

2014-08-19 16:23:54

New tools help educate and engage employees, increasing participation in retirement savings plans NEW YORK, Aug. 19, 2014 /PRNewswire/ -- The economic uptick over the past year has led to renewed interest in retirement savings, according to Deloitte's 13(th) Annual Defined Contribution Benchmarking Survey. The research underlying the survey found that average account balances have reached an all-time high of more than $95,000, up from $85,600 in 2012 and an increased number of...

2014-08-14 12:27:07

Financial advisors Bofford and Flower tell pre-retirees what they need to know about changes to employer-based health insurance plans and retirement savings needs FAIRFIELD, N.J., Aug. 14, 2014 /PRNewswire-iReach/ -- Employer-based healthcare plans are in a state of flux as large and small businesses assess a host of requirements and plan options following this year's implementation of the Affordable Care Act (ACA). Since health care costs in retirement have long been considered a...

2014-08-12 23:00:22

Tablet friendly, these 4 tools are designed to help users visualize their retirement savings goals by examining how much they will need for retirement, how much they will have based on current savings strategies and providing recommendations for closing any potential shortfalls. Tools are designed to help users and advisors make better, more informed decisions today that can have a big impact on future retirement readiness. New York, NY (PRWEB) August 13, 2014 Wealth Management Systems...

2014-08-05 12:27:23

BALTIMORE, Aug. 5, 2014 /PRNewswire/ -- In today's complicated regulatory environment employers offering 401k plans have many fiduciary responsibilities they need to understand and follow. The one fiduciary responsibility that has received the most attention since the Department of Labor's 408(b)(2) fee regulations went into effect is 401(k) plan fees. "There are three key questions employers should ask about their 401k plan fees. First, what is your total plan cost? Second, how are...

2014-07-30 23:13:23

Steve Banks and Joe Rollins of TSA Consulting Group to serve on task force regarding automatic enrollment of employees in retirement savings plans inlcuding 403(b) plans. Fort Walton Beach, FL (PRWEB) July 30, 2014 The National Tax-deferred Savings Association (NTSA) has established a new task force to create policy and best practices regarding the automatic enrollment of employees in retirement savings plans. Steve Banks and Joe Rollins, co-founders of TSA Consulting Group, Inc. (TSACG),...

2014-07-24 12:32:46

Supports greater planning and saving; helps investors understand how their account balance translates to retirement income WINDSOR, Conn., July 24, 2014 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA), which has rebranded from ING U.S., announced today that its Retirement Solutions business has launched an innovative, online experience that transforms the way the company's more than 5 million retirement plan customers will manage, engage and interact with their account. To view...

2014-07-17 16:26:05

Cost containment, talent acquisition two biggest challenges cited by respondents ITASCA, Ill., July 17, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co.'s 2(nd) annual Benefits Strategy & Benchmarking Survey reveals that employers continue to see rising benefit costs in 2014. In excess of 1,800 U.S.-based organizations participated in the survey spanning a wide range of industries, geographic regions, and employer sizes and types. The majority of participants (61 percent) have more than...

2014-07-16 08:21:20

VAN BUREN TOWNSHIP, Mich., July 16, 2014 /PRNewswire/ -- Visteon Corporation (NYSE:VC) today announced that it has entered into an agreement to transfer certain U.S. pension assets to Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU), to settle approximately $350 million of Visteon's $1.1 billion in outstanding U.S. pension obligations. http://photos.prnewswire.com/prnvar/20001201/DEF008LOGO Under the agreement, the Visteon Pension Plan...

2014-07-09 12:25:52

TORONTO, July 9, 2014 /CNW/ - Canadian governments need to move beyond defined-benefit (DB) versus defined-contribution (DC) pension model debates, and towards a middle-ground option that incorporates attributes of both designs, according to a report from the C.D. Howe Institute. In "Target-Benefit Plans in Canada - An Innovation Worth Expanding," authors Mel Bartlett, Angela Mazerolle, and Jana Steele call for the changing of pension standards legislation to accommodate single-employer...

2014-07-08 08:32:15

Healthcare retirement plan sponsors seek to empower employees to take an active role in their retirement planning HARRISON, New York, July 8, 2014 /PRNewswire/ -- Transamerica Retirement Solutions today announced the release of its report on Retirement Plan Trends in Today's Healthcare Market - 2014. The report, produced in partnership with the American Hospital Association, examines trends that impact defined contribution and defined benefit plans in the not-for-profit...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.