Defined Contribution

The numbers, an industry lobbyist says, amount to a giant target on the back of the retirement business.

EBRI says studies either ignore future contributions to DC plans or fail to consider the growing influence of auto-enrollment and auto-escalation.

Pittsburgh Glass, which manufactures and distributes automotive glass products, has 3,500 participants in its defined contribution plan with $232 million in assets.

As part of the settlement, the firm's employees will be able to choose from an array of Fidelity and non-Fidelity mutual funds in its 401(k) menu.

Private pensions outperformed public funds and foundations and endowments in the second quarter, returning 4 percent, according to Northern Trust Universe data.

A Fidelity Investments survey indicates that 43 percent of workers weigh employer matching funds in their 401(k)s so heavily that theyd accept lower pay so long as it came with a higher match.