Defined Contribution

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  Millennials overwhelmed by debt, survey finds

  By Paula Aven Gladych  |  May 23, 2013

  Millennials, a survey finds, are more worried about debt than their day-to-day expenses.

• LIMRA supports lifetime income illustrations for DC plan statements

  By Paula Aven Gladych  |  May 22, 2013

  LIMRA is a big fan of the Employee Benefit Research Institute's proposal to include a lifetime income illustration as part of a defined contribution plan participant's account statement.

• Investment in 403(b) plans jumped in 2012

  By Paula Aven Gladych  |  May 22, 2013

  Investment in 403(b) plans continues to rise as both plan sponsors and participants upped their dedication to the retirement savings plans in 2012.

• DB plans outperformed DC plans in 2011

  By Paula Aven Gladych  |  May 22, 2013

  Defined benefit pension plans outperformed 401(k) plans by a wide margin in 2011.

• DC plan sponsors heavy users of social media

  By Paula Aven Gladych  |  May 20, 2013

  Nearly two-thirds of defined contribution plan sponsors use social media as a regular source of information for 401(k) plans and the providers that serve this market.

• People who seek financial advice save more for retirement

  By Staff Writer  |  May 20, 2013

  People who don’t earn a lot but seek the advice of a financial advisor are more likely to save enough money for retirement.

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  Gen X, young Boomers unprepared for retirement

  By Paula Aven Gladych  |  May 17, 2013

  Gen Xers took a major hit during the Great Recession, losing nearly 50 percent of their median net worth.

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  “Star Trek” premiere and the problem with “fiduciary”

  By Chris Carosa  |  May 16, 2013

  If being a fiduciary is all about building trust, what happens when no one trusts the word fiduciary?

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  Florida Senate extends annuity law to all ages

  By Maria Wood  |  May 14, 2013

  The new law would also impose stricter criteria when recommending an exchange or replacement of an annuity.

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  Expanding plan coverage to part-time workers

  By Jonathan Anderson  |  May 10, 2013

  The ability to participate in a 401(k) plan should be extended to part-time employees, so that more U.S. workers can be better financially prepared at retirement.