News

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  18 states to drop PCIP programs

  By Ann Sanner  |  May 22, 2013

  Eighteen states have decided to turn their state Pre-existing Condition Insurance Plan programs over to the U.S. Department of Health and Human Services.

• 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.

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  IRS official Lerner swears she did nothing wrong

  By Alan Fram, Stepehen Ohlemacher  |  May 22, 2013

  The Internal Revenue Service official at the center of the storm over the agency's targeting of conservative groups told Congress on Wednesday that she had done nothing wrong in the episode, and then invoked her constitutional right to refuse to answer lawmakers' questions.

• Stocks rise on Fed stimulus hopes, home sales

  By Bernard Condon  |  May 22, 2013

  Stocks are moving higher Wednesday morning after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its massive economic stimulus programs.

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  Plan sponsors focus on fee disclosure rules

  By Michael S. Fischer  |  May 22, 2013

  Sponsors also face growing liability, with the number of claims against fiduciaries having tripled since the 1990s.

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  Bernanke signals Fed to maintain stimulus efforts

  By Martin Crutsinger  |  May 22, 2013

  Chairman Ben Bernanke is telling Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.

• Stocks edge higher as investors watch Fed

  By The Associated Press  |  May 22, 2013

  Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve.

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  Cancer Society turns 100

  By Mike Stobbe  |  May 22, 2013

  The American Cancer Society — one of the nation's best known and influential health advocacy groups — is 100 years old this week.