Proposals to scale back or eliminate retirement savings incentives in 401(k) plans not only endanger the ability of low- and moderate-income workers to enjoy secure retirements but are based on faulty math, according to new research from the American Society of Pension Professionals & Actuaries (ASPPA).

S&P 500 defined pensions remain underfunded by $245 billion, despite slight growth in 2010.

As benefits brokers and benefits managers look for new and innovative ways to bring value to their clients and employees, they cannot ignore the $139 billion prescription industry.

More than half - 64 percent - of U.S. and Canadian consumers plan to purchase insurance through an agent, according to a survey of 2,500 consumers in both countries by Accenture.

Investment research company BrightScope announced the Top 10 Commodities Fund Distribution List for the 401(k) and defined contribution industry.

With a wider choice of investment options in their retirement plans, participants are picking twice as many mutual funds to include in their plan portfolios, said the Spectrem Group in a report issued Wednesday.

The world’s largest money manager, BlackRock Inc. (BLK), has news for America’s Early Boomers: you may think your employer’s target date fund will get you through retirement, but don’t expect your company to help you figure out how to spend all the money you’ve saved.

U.S. Treasury Secretary Timothy Geithner, as expected, backed President Barack Obama’s budget plan on Tuesday, saying the government must resolve its debt ceiling crisis well before Aug. 2 and bring its deficits down “gradually but dramatically” over the next three to five years.