Defined Contribution

Now is a good time for employees to know what they can do to maximize the tax benefits they receive from participating in their employer-sponsored 401(k) plan.

One way to help provide a different perspective on retirement savings would be to provide participants with an estimate of what their current or projected savings would produce in terms of a retirement income stream.

This may sound like an April Fools joke, but it's not. That's just how unbelievable it is.

The company added more than 1,500 plans with $50 million in assets or less, an increase of 7 percent over the prior years sales

When lower-income workers have access to a pension plan at work, their eligibility and take-up rates are nearly equivalent to higher-income workers.

The average participant now invests 60 percent of his account balance in index funds, compared to 30 percent in 2004, in large part because of the growing popularity of index-based target-date funds.