Defined Contribution

American workers have a problem saving for retirement, but its not getting fixed by higher limits on how much they can contribute to their 401(k) plans.

Sen. Lamar Alexander, R-Tennessee, chairman of the Health, Education, Labor and Pensions Committee, sent a letter co-signed by 35 other Republican Senators urging Labor Secretary Thomas Perez to extend the 75-day comment period on the agencys proposed fiduciary rule to 120 days.

Mega defined contribution plans are experiencing a surge in managed accounts in 2015.

Its a matter of knowing whats inside that counts most.

Contributions to 401(k) plans were up $13 billion in 2013 from the previous year.

Employees want their employers to get active about upping employee participation in defined contribution retirement plans. Employers? Not so much.