Defined Contribution

While the bulk of participants' 401(k) investments still sit in the stock market, more and more investors are diversifying with TDF holdings.

When asked about their top objectives, nearly half of plan sponsors put increasing participants savings rates first or second on their priority list. Other major goals are improving communication and education efforts, improving investment outcomes, facilitating optimal retirement income replacement and increasing participation rates.

A new cap on the tax benefit for itemized deductions would create double taxation for plan sponsors, says Brian H. Graff, ASPPA's CEO and executive director.

The Principal Financial Group has unveiled a new website designed to make life easier for third-party administrators, giving them the ability to manage clients' retirement plans online.

PBGC chief Josh Gotbaum testified on the challenges facing multiemployer retirement plans, as provisions covering the plans are set to expire next year.

A generic TV program put things in perspective: Do we simply sell products, or is our role to serve (and protect) the investing public?