Browsing Tag
Defined Contribution Plan (DC Plan)
412 posts
A defined contribution (DC) plan is a type of retirement plan where the employer, employee, or both, make regular contributions to individual accounts for each participant. The final benefit amount depends on the contributions made and the investment performance of those contributions, rather than being predetermined. Common examples include 401(k) plans and 403(b) plans.
Corporate Roundup: NFP Acquires Divergent, T. Rowe Price Names CTO
NFP acquired Utah-based Divergent Wealth Advisors, T. Rowe Price welcomes new CTO, and more
Retired or Not? Report Finds Many Who Recently Retired Seek Return to Work
T. Rowe Price study finds millions of retirees returning to part- and full-time work in search of financial and emotional benefits
Half of Americans Feel Behind on Retirement Saving
MassMutual survey finds one in five never plan to retire
$44 Million Pulled from DC Plans by Entertainment Workers During Prolonged Strike
Report says nearly 3,000 workers have filed for hardship withdrawals averaging $15,000 from their retirement plan in wake of writer’s strike
DC Employers Increasingly Offer Retirement Income Solutions
More DC plan sponsors are evolving from an exploratory to a decision-oriented position when it comes to incorporating retirement income solutions, finds T. Rowe Price
Focus Shifts to Plan Sponsors as Portability Network Set to Go Live
As operations begin in October, plan sponsors will take center stage as they begin to adopt auto portability and witness its tangible results
Employee Fiduciary Looks to DOL for 401(k) Fee Transparency
In a public letter, Employee Fiduciary requested for improvements to annual fee disclosures that those in participant-directed 401(k) plans receive
American Airlines Pilot Maintains Claims in Amended 401(k) Complaint
The pilot doubled down on his claims that American Airlines prioritized ESG funds, after the airline filed a motion to dismiss
Incentives Highlight Return of Transamerica ‘401(k)ares’ Campaign
Focused on middle market retirement business, renewed promotion to provide financial incentives through remainder of 2023
RiXtrema Unveils Pair of AI Tools for 401(k) Plan Advisors
AdvisorAI and 401kAI designed to deliver rapid data with summarization and analysis that company claims can eliminate 40% of advisors’ repetitive workflow