Retirement Trends

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.

A hidden value of defined contribution retirement plans might be that they get participants thinking about their long-term finances.

Critics feel that by meddling with the 401(k) system as it stands, it would be shooting everyone in the foot, particularly middle class Americans.