Retirement

On average, baby boomers have put away $258,898, only about a third of what theyll need for retirement.

The Department of Labor wants to know more about one of the more advanced options available in some 401(k) plans: brokerage windows.

Once they get that coveted 401(k) plan, participants arent at all confident about their abilities to make the right choices.

The three-day meeting will address three topics for which the council will draft recommendations for the Secretary of Labor for consideration.

Employers are increasingly looking for ways to use nonqualified plans to better align corporate objectives with the retirement goals of their management teams.

A Fidelity Investments survey indicates that 43 percent of workers weigh employer matching funds in their 401(k)s so heavily that theyd accept lower pay so long as it came with a higher match.