The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
It's the most expensive metropolitan setting in the United States, and the results may be grim for hard-working New Yorkers, more than a third of whom can't afford to retire.
New York City Mayor Michael Bloomberg said Tuesday that with an $8 billion pension bill squeezing the city's finances, state legislators should back the governor and create a new lower pension tier for future municipal and state workers.
Last year, Republican lawmakers shifted more of New Hampshire's public pension costs onto workers to ease employers' expenses. Now, they're proposing a parallel plan for new employees that lacks a guaranteed lifetime benefit.
Under a state senator's proposal, employees and their employers would have to contribute to a system similar to a 401(k) where their money is invested and their retirement payment depends on their total investments when they retire.
For whatever reason, advisors and plan sponsors seem to take the Fifth when it comes to exposing their thoughts in public. So this is my humble request: Tell me what you think about the most pressing issues ahead this year, and subsequently, what you're doing about it.
Chad Parks founded his company in 1999 with one goal in mind, to make 401(k) plans accessible to small businesses. As the industry enters 2012, the CEO of The Online 401(k) believes there are five changes afoot in the 401(k) marketplace that will play a pivotal role in the industry...
Like 401(k) providers, 403(b) plans must also comply with the DOLs Employee Benefit Security Administrations fee disclosure rule, which is slated to take effect on April 1.
The state's largest and most poorly underfunded system was put on a path to be 100-percent funded in 22 years. A new series of bills helped drop unfunded liabilities by more than $5.5 billion.
Just weeks after overhauling the state's public pension system, Rhode Island lawmakers plan to consider giving cities and towns the power to revamp municipal pension plans.
Secretary of Labor Hilda L. Solis announced the appointment of five new members to the 2012 Advisory Council on Employee Welfare and Pension Benefit Plans, which also is known as the ERISA Advisory Council.