Defined Contribution

Obamas call for the creation of retirement accounts to help U.S. workers has spurred a Connecticut coalition to once again urge lawmakers to help the 740,000 workers in the state not covered by an employer-sponsored plan.

Followers of Ben Graham might have no idea what Im talking about.

President Barack Obama unwrapped a retirement option for workers whose companies dont have a 401(k) plan during his State of the Union Address.

The House Committee on Small Business in the fall held a hearing on the state of retirement savings for small employers, noting administrative complexity and costs could discourage many businesses from offering the benefit.

Shifting rules on fee transparency and the push for the Labor Department to develop a fiduciary standard give RIAs an opportunity in the retirement plan market.

The big upside is that the employer and the employees split the investment risk between them so neither side shoulders all of it.