Employee Retirement Income Security Act News
The Good, the Bad and the Ugly of 401(k) Plans
Many middle-class Americans—and even some with high incomes—feel that no matter what they do, they can’t build wealth because the obstacles are too great. The good news is that you can accumulate wealth much faster than you think by making sound investments that lead to compounded investment
Walgreens Moves Employees to Private Health Exchange
More than 160,000 Walgreen employees will get employer-sponsored health insurance coverage next year through a private health exchange that will enroll a total of 600,000 employees and their families from U.S. corporations. Walgreens announced it's providing eligible employees through a marketplace
Insolvent Union Pension Plans May Double By 2017
A new government report warned that the number of insolvent multiemployer private-sector pension plans could more than double by 2017. The report, issued by the Government Accountability Office, included the survey results of 107 multiemployer plans, 25 percent of which were delaying eventual ...
401(k) Rollover Process Can Be Misleading, Report Says
A report released today shows workers separating from employers have to navigate an "inefficient rollover process" and "misleading statements" from 401(k) plan service providers regarding rollover IRAs. For the study, the U.S. Government Accountability Office called 30 call center representatives
401(k) fear: Can workers' stock decisions figure in layoffs?
Q: Can my boss find out and punish me if I sell all the shares of the company's stock I own in my 401(k) retirement plan? A: With layoffs so common, many employees can't help but look over their shoulders and worry who's watching. Employees don't want to give companies any extra reason to fire
Could Your Failing Company Take You Down Too?
More than 60,000 companies went bankrupt last year alone, and when they go under they could take more than workers' wages with them. The United States Department of Labor says it has seen an uptick in companies mismanaging their employees' health and retirement funds. As companies start to fail,
Dennis Kucinich: White House Knows How to Get My Vote
ABC News’ Rick Klein reports: Rep. Dennis Kucinich is vowing to vote against President Obama’s health care bill, and says the president can only win his vote if he reverses course and includes a “robust” public option to compete with...
Learning to Protect Your Pension
Continental Claims Pilots Scammed Pension System, Millions of Others Still Worried
Next Recession Victim: Your Pension and Retirement Plan
Companies Cut Back or Eliminate Pensions and Retirement Savings Contributions as They Struggle With the Economy
Madoff clients' lawsuits look to others for recompense
New York economist Irwin Kellner says Bernard Madoff defrauded him of at least $2.3 million in what may be history's largest Ponzi scheme. He's sued the disgraced financier — but left room to add up to 100 yet-to-be-named co-defendants. Illinois investor Pasha Anwar says he, too, was a victim. He's