Retirement Trends

The S&P 500 fell 2.3 percent to 1,741.78 at 3:02 p.m. in New York, poised for the lowest close since Oct. 23. The Dow Jones Industrial Average lost 311.13 points, or 2 percent, to 15,387.72.

Benefits, wages and salaries for civilian workers increased 0.6 percent in December, while benefits costs increased 2.2 percent for the year.

T.D. Ameritrade Trust Co. said it relied on input from RIAs to create the retirement plan strategy, which combines recordkeeping, custody and third-party administration.

Its a little bit of a shock to discover that many retirement plan sponsors are clueless about just what they need to do to make sure they dont run afoul of the regulations.

The contracts, signed in 2005 and 2006, were a sham designed to circumvent a Michigan law capping how much debt cities could incur, the city said yesterday in a complaint filed in U.S. Bankruptcy Court in Detroit.

Stanger was a primary author of a little-noticed piece of a 1978 tax law.Today, 401(k) is likely the most recognizable number in the Internal Revenue Code.