Fewer Americans than forecast filed applications for unemployment benefits last week, a sign the labor market continues to gain traction.

In-plan annuity guarantees allow participants in retirement plans to protect some of their savings to provide future retirement income while they are still working and contributing to their plans.

Several of the biggest names in the 401(k) industry received rating changes in April. Blackrock Capital Aggregation fund was upgraded to Bronze from neutral. Diamond Hill small-cap fund was upgraded to gold from silver.

The penalty for "willful failures" to provide SBCs can be $1,000 per day per affected individual.