Bank of America Merrill Lynch said that it saw increased 401(k) savings through its plan sponsors both in the fourth quarter and 2011 year, signaling a positive outlook for the tweaks it has made to its offerings and confidence in the overall economy.
The U.S. Labor Department has removed a controversial part of its proposed 401(k) fee disclosure rule that would have required retirement plan providers to create a summary document, or "roadmap," of all their fees for employers.
Schwab Retirement Plan Services already serves 1.5 million workers saving for retirement, but hopes that its new Schwab Index Advantage service will increase participation even more by demystifying the 401(K) saving process.
Assets had reached a record high of $18.4 trillion as of June 30, the ICI said.
The two bear markets of the past decade have brought investors focus back into balance, according to ICI and EBRI.
A Q&A with Verisight CEO Greg Tschider and Senior Vice President Robert Stebbins on the ramifications of the new 401(k) fee disclosure.
Extreme Volatility in the Markets is Prompting Plan Sponsors to Turn to Alternative Options
John Hancock's New 401(k) Adviser Program Includes Educational Materials and Practice Management.
Lower 401(k) Contribution Limits, Social Security Cuts Threaten Americans' Retirement Savings
Investors Would Contribute More to Their 401(k) if They Saw Balance as a Monthly Annuity