Retirement Trends

The bankruptcy last year of the maker of Twinkies and other treats left the benefits of more than 700 participants in the Baltimore-based Bakery and Sales Drivers Local 33 Industry Pension Fund imperiled.

The 45-year-old Democrat, a former equities analyst, this month appointed a commission to evaluate how investments are made for North Carolinas $83 billion public pension, the nations 10th largest.

A survey, which looked at 220 companies with 5.8 million employees, found that by the end of the year 62 percent of plans expected to match their investments to their liabilities.

Kingdom Trust Co. says it established the MyRA in 2009 to administer individual retirement accounts, but although they share a name, they are two different retirement vehicles.

Stringer, a Democrat who took office Jan. 1, also proposed bolstering financial-disclosure rules for employees who advise the funds.

In fall 2013, 86 percent of households disagreed that the government should take away the tax advantages associated with 401(k) plans and 83 percent were against reducing the amount individuals can contribute to these retirement vehicles.