Retirement

The agency's seventh straight annual loss came despite its first growth in revenue since 2008.

Union members who called for a no vote did so to protest the Boeing Co.'s push to end a traditional pension plan and increase their health care costs. Workers would have received a $10,000 signing bonus if they approved the deal.

The report shows that 45.2 percent of workers rolled their lump-sum distribution into another tax-qualified account.

SHRM warns that politicians may attempt to gut the deferred status of such plans as part of a strategy to balance the federal budget.

The GAO recommends that the secretaries of Labor and Treasury work together to come up with clear and consistent requirements for default electronic delivery of pension-related disclosures.

In the beginning, the 401(k) world was easy and fun.