Compensation
Compensation
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The fourth annual College Savings Indicator study found that the percentage of college costs parents are projected to meet is only 16%, down from 18% last year, and 24% in 2007, the first year of Fidelitys survey. However, those who work with an advisor are projected to meet 28% of college costs, down from 34% last year.
August 24 -
The Tuition Plan Consortium said Monday it re-launched Independent 529 Plan as Private College 529 Plan, to foster pre-purchasing of tuition fees as present rates. The consortium said its Private College 529 Plan will offer investors a way to lock in tuition rates at more than 275 private colleges and universities.
August 17 -
The Tuition Plan Consortium said Monday it re-launched Independent 529 Plan as Private College 529 Plan, to foster pre-purchasing of tuition fees as present rates.
August 16 -
I ventured forth with predictions about what's in store for 401(k) plans in 2010 and beyond ("The shape of things to come for 401(k) plans," available at ebn.benefitnews.com).
August 10 -
The insurance company made a series of changes to its college-savings program, including a new business relationship with Upromise and new age bands in the age-based portfolios.
July 29 -
As Federal Express first indicated last November, it announced Monday that it will restore 401(k) matches. But the wait is still a long way off: The matches don’t start until Jan. 1, 2011.
July 27 -
A new survey from Country Financial found that the number of Americans who think college is a good financial investment plunged to 64%, down 16 points from last year and 17 points from 2008.
July 27 -
The Department of Labor issued an interim final rule on fee disclosure in 401(k) plans Thursday morning. The final Rule 408(b)2 relieves plan sponsors and their fund providers and consultants from having to share and store written documentation on disclosure obligations.
July 15 -
For employers with 401(k) plans, auto enrollment is growing, and target-date funds are an increasingly popular default option. But concern is building over what happens when the two trends meet.
July 1 -
The nadir of the economic downturn ravaged many American families’ college savings accounts, sending balances down almost 50%, according to Deborah Fox, founder of Fox College Funding. It frustrated investors, but it also prompted some to become more educated about the fees associated with 529 plans.
June 30 -
Plan managers hope lower prices lure back savers who are savvier and more wary of fees.
June 29 -
The Internal Revenue Service is extending some deadlines for sponsors of defined-contribution retirement plans, such as 401(k) plans, that were affected by storms and other severe weather in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia.
June 22 -
Despite the resistance of small employers, the U.S. Chamber of Commerce and the mutual fund industry in general, legislation to require companies with 10 employees or more to provide employees with a seamless lifetime savings plan through an Automatic IRA, is definitely gaining steam.
June 21 -
France raised its pension retirement age by a mere two years, from 60 to 62, and people took great umbrage to that. Protests broke out in the street, and union leaders said they'll strike. One-third of the nation's TVG fast trains were expected to be canceled.
June 17 -
The findings are a sign that advisers can be an important part of including children in the conversation around college savings and building a sound financial plan.
June 7 -
To attract more business from small businesses, Bank of America Merrill Lynch announced Thursday it relaunched a retirement services platform for companies with fewer than 100 employees.
June 3 -
The Internal Revenue Service has begun mailing out questionnaires to 401(k) plan sponsors to assess compliance with retirement plan regulations.
June 1 -
Financing a college education is a major concern for most high school seniors as they prepare for graduation, according to a study by Fidelity Investments titled "College Bound and Cost Conscious: A Survey of High School Seniors."
May 26 -
If the recession has any pluses at all, it’s that people now seem to be more mindful of how uncertain the market—and their future—really is.
May 25 -
New rules approved Wednesday by the Internal Revenue Service require 401(k) providers to offer participants at least three investment alternatives to company stock, which experts say most plan providers do anyway.
May 20