Retirement Trends

The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the retirement plan instead of using the funds to reduce administrative fees.

Representative John Moolenaar and Senator Rick Scott wrote to SEC chair Paul Atkins to take action against 25 Chinese companies that are listed on U.S. exchanges,that "pose an unacceptable risk to American investors."

Employees' top challenges are saving for retirement (45%), cost of everyday goods (44%), cost of housing (29%) and making it paycheck to paycheck (26%).

If employers opt to make private investments part of their Empower 401(k) plan, participants will be able to access investments from Goldman Sachs and other asset managers through managed accounts.

Modeled after the Thrift Savings Plan for federal employees, the Retirement Savings for Americans Act that would automatically enroll private workers without access to a workplace retirement plan is supported by the Economic Innovation Group.

With the steep plunge in Tesla shares this year, the Lehigh County Pension Board, which oversees $500 million in retirement funds, passed a resolution last week to pause new investment in Tesla and will seek to completely divest its holdings.