Retirement

Schwab Retirement Plan Services Inc. launched a new 401(k) plan designed to lower costs, simplify investing and help workers better prepare for retirement.

Credit Suisse may act as the lender to the employee fund, and the reduction in so-called risk-weighted assets will reduce Credit Suisses capital requirements

Like 401(k) providers, 403(b) plans must also comply with the DOLs Employee Benefit Security Administrations fee disclosure rule, which is slated to take effect on April 1.

Nearly two-thirds of baby boomers are not confident they will be able to cover medical expenses in retirement.

The state's largest and most poorly underfunded system was put on a path to be 100-percent funded in 22 years. A new series of bills helped drop unfunded liabilities by more than $5.5 billion.

The agency's Limited English Proficiency Program can translate important retirement information into any of 147 different languages for participants.