Retirement

AOLs chief executive officer had to backtrack on a 401(k) policy change, after his comments defending the idea fueled an employee outcry.

Universal savings accounts for children could be part of a broader effort to revamp the U.S. tax code.

The company will now make matching payments in a lump sum at the end of the year, forcing employees who leave before then to forfeit the benefit.

An analysis of older unemployed Americans found those with access to Social Security or pension benefits were more likely to stop searching for a job than those who dont.

In 2013, the DOL collected $1.69 billion in fines, voluntary fiduciary corrections and informal complaint resolutions, a 33 percent increase over 2012s $1.27 billion tab.

The House Committee on Small Business in the fall held a hearing on the state of retirement savings for small employers, noting administrative complexity and costs could discourage many businesses from offering the benefit.