Defined Contribution

I’ve talked to dozens of HR pros who tell me one of their biggest concerns these days is having employees who can’t retire because they haven’t saved enough. It seems to be growing clearer three years after the recession that this could be a potential black hole for plan sponsors.

With no less than the Magna Carta setting precedent for prioritizing income, American fiduciaries for more than a century followed the principles set forth in an 1830 court ruling. A watershed 1969 report, later confirmed by research, forever changed the landscape and pointed the fiduciary away from income and towards...

Principal Financial Group's Aaron Friedman gives insight into the past, present, and future of 403(b) plans.

Index investing, as evidenced through last year’s flash crash and this year’s market volatility, may have all the markings of a classic economic dilemma all 401(k) plan sponsors must be aware of before jumping into the wonder world of ETFs – the free rider problem.

When the 401(k) retirement plan was born in 1981, it was originally designed as a way for employees to defer extra savings or bonus money on a pre-tax basis. Today, the 401(k) has eclipsed the traditional defined benefit (DB) plan to become the primary vehicle for financing retirement in America.

In the workplace, it's often difficult to get the kind of one-on-one financial advice that can lead to a successful retirement.