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Retirement

Philadelphia Archdiocese freezes educators’ pension plan

01/03/2014
The Philadelphia Catholic Arch­­diocese has frozen a defined-benefit pension plan for its 8,500 parochial school teachers and support staff. The move comes as the archdiocese wrestles with a $150 million pension deficit.

EBSA sours on Sunkist’s retirement fund accounting

01/03/2014
A U.S. Department of Labor Em­­ployee Benefit Security Admin­­is­­tra­­tion (EBSA) investigation has revealed that Sunkist Growers and its fiduciaries improperly used retirement plan funds to pay salaries and benefits for several employees and managers.

Debt threatens employees’ readiness to retire

11/20/2013
In a recent survey of participants in employer-sponsored defined-contribution retirement plans, more than 60% of households reported that they are accumulating debt faster than they are saving for retirement. The culprit: credit card debt.

Retirement plans growing in post-recession rebound

10/31/2013
Since the Great Recession ended, a higher percentage of employees work for employers that offer retirement plans and a higher percentage of them are participating in the plans, according to a report by the Employee Benefit Research Institute.

401(k) fees higher for employees at small firms

10/10/2013
Over the course of a 35-year career, an employee of a small company will pay $100,000 more in 401(k) administration fees than someone who works for a large firm.

IRS extends tax-free benefits to all same-sex married couples

09/10/2013
New IRS guidance affirms: Same-sex married employees are entitled to all federal spousal tax benefits, even if they live in a state that doesn’t recognize same-sex marriage.

Retirement plans defined: A lexicon of benefits options

08/07/2013
Regardless of the kind of retirement plan your company offers, it pays to know what all your company’s options are. Here are definitions of five basic kinds of retirement plans.

What kind of financial advice does HR offer employees?

07/26/2013
In a poll of 518 SHRM members, 59% of HR professionals say they offer online investment advice; 53% offer one-on-one advice …

Consider diversifying investment options with Roth 401(k)s

06/21/2013
It may be time to talk to your fund administrator about adding a new feature to your organization’s portfolio of retirement benefits: the option for employees to transfer 401(k) funds into a Roth 401(k).

DOL proposes income projections on retirement fund statements

06/14/2013
Annual or quarterly statements for 401(k) and 403(b) retirement funds could soon include graphs showing how much monthly income employees can expect to receive from their investments.