The Silver Lining of 401(k) Fee Disclosures
Service providers have spent much time, effort, and expense (sometimes great) in complying with the Department of Labor’s service provider fee disclosures, effective July 1, 2012.
Service providers have spent much time, effort, and expense (sometimes great) in complying with the Department of Labor’s service provider fee disclosures, effective July 1, 2012.
Employees fail to fully grasp the details of target-date funds in their retirement accounts.
Industry groups are urging DOL to end paper disclosure requirement
Social Security retirement benefits may begin at age 62…
In 2010 there were 362,757 401(k) plans with more than zero dollars in reported assets
68% of employees have little or no knowledge of automatic enrolment
As Americans are living longer they are concerned that they are not financially prepared to live into their 70s, 80s and 90s.
Americans who use the services of a financial professional are significantly more likely to have taken steps toward preparing for retirement than those who do not,
Retirement worries employees of all ages.
PPACA is supposed to require all health insurers to sell coverage on a guaranteed-issue by 2014
Nervous about retirement? Learn how to seek professional financial advice on saving for a pension.
Compliance Source: McKay Hochman [via BenefitsLink] The in-plan Roth conversion provision of the Small Business Jobs and Credit Act (H.R. 5297) became effective on September 27, 2010. The absence of IRS guidance leaves us with many questions regarding how to implement, administer and report such conversions. As we stated in our October 1st e-mail alert article, […]