Defined Contribution

Private defined contribution assets will likely reach that level within three years, according to estimates from Cerulli Associates.

The White House gave up on its plan to end the 529 tax break Tuesday, six days before it was to be included in the presidents Feb. 2 budget proposal.

Most employers favor the idea of keeping ex-workers' assets in their plans. They're just not sure how to go about it without the fiduciary liability.

If approved by Congress, the new system would incorporate a 401(k)-type investment account as a significant portion of a service members retirement benefit.

The increase in the rate of deferral far surpasses expectations.

The plan takes President Obamas MyRA initiative a step further, by including a mandate so far only seen in initiatives at the state level.