Defined Contribution

Summit Professional Networks, the parent of BenefitsPro.com, acquired Pension Data Resources Inc., known best in the industry by its PensionPlanet.com brand.

Only 19 percent of workers globally have high confidence they will have a comfortable retirement.

The Department of Labor will delay releasing its controversial fiduciary redraft until at least January 2015 from the originally slated August release date.

Robert Reynolds, who built the industrys biggest 401(k) business while at Fidelity Investments, is seeking a reprise.

Just days after BlackRock put out a white paper telling the world it was in favor of to vs. through target-date funds, its rivals at Fidelity Investments have taken the opposite stance.

The typical worker in San Francisco and San Jose puts about 14.6 percent of their annual salary including both employee and employer contributions in 401(k)s.