Retirement Trends

Six states account for the bulk of the unclaimed pension assets. New York had the highest number of missing participants at 6,678, with $40.33 million that remains unclaimed.

TAMPs can be offered as stand-alone products or as a platform in which financial advisors can direct clients retirement savings to different investment models for a fee.

The $150 million amount, which had been mentioned in Macys 10-K filing with the SEC in April, was the same amount contributed in 2012.

An 87-basis-point surge in interest rates and an 11.2 percent investment gain in 2013 powered a historic year in corporate pension funded status improvement, gaining $318 billion for the year.

Stocks climbed, paring this years loss for the Standard & Poors 500 Index, as Macys Inc. rallied and jobless claims fell before the start of corporate earnings season.

Lincoln National Corp., the No. 2 seller of U.S. individual variable annuities, doubled last year, leading the S&P 500 life insurer gauge.