Defined Contribution

Complex terminology can confuse retirement plan sponsors and participants, who must understand these differences in order to make informed decisions that secure financial stability.

The Institutional Retirement Income Council has released a new paper that recommends plan sponsors provide retirement income projections to plan participants, calling it an important element of retirement preparedness.

In the year since the Federal Reserve brought interest rates to a more than two-decade high, the central bank has succeeded in taking the steam off of an overheated US economy. But higher borrowing costs have also had some unexpected effects.

With recent changes to the design of health care plans, there is more room for employers to violate their fiduciary obligations; however, they can take steps to ensure that they are meeting those responsibilities.

Now that the Abandoned Plan Program, which offers guidance on distributing assets from bankrupt companies' retirement plans, is in effect, the American Retirement Association offers recommendations to the DOL.

A preliminary injunction, granted Thursday by a federal judge, puts the implementation of the Labor Department's controversial new Retirement Security Rule, set to take effect September 23, on hold until further order of the court.