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Retirement

Bull market has 401(k) balances hitting records

02/23/2017
The average balance in U.S. employees’ 401(k) savings plans is $92,500, up about 5% from a year ago.

EBSA asks if turbine firm’s 401(k) is gone with the wind

02/01/2017
The U.S. Department of Labor’s Employee Benefit Security Agency has filed suit against the now defunct Wind Turbine Solutions.

Trend watch: Could contractors get benefits?

01/12/2017
The state of New York may be about to consider legislation that would create a system of “portable” benefits that would give independent contractors some of the advantages employees have.

DOL updates guidance on proxy voting by benefit plans

01/04/2017
Check to make sure your fiduciary is aware of these highly technical changes.

DOL sues to appoint fiduciary for orphan 401(k)

01/03/2017
Plan members have been unable to access statements or their money since 2002.

DOL obtains $866k judgment against bank ESOP fiduciaries

12/22/2016
The U.S. Department of Labor Em­­ployee Benefit Security Administration has obtained a judgment against fiduciaries for the California Pacific Bank’s Employee Stock Ownership Plan after they failed to make employees whole following the plan’s dissolution.

Fearing retirement, workers worry about Social Security

12/21/2016
The legacy of the 2008 economic crash still has many Americans stressed about their fiscal futures even as they near retirement age.

Women taking time off worry about retirement

12/13/2016
Half of working women who have taken time off to care for a family member worry that their retirement security will suffer as a result.

For some, need for benefits delays retirement

12/06/2016
If demography is destiny, the American workforce is going to continue to get older as baby boomers age … and keep showing up for work.

Student loans get in the way of retirement savings

11/08/2016
A new survey found that employees with student loans can continue to feel the strain into their retirement years.