TITLE

Employers at risk when 401(k)s lose

AUTHOR(S)
SHEMELIGIAN, BOB
PUB. DATE
October 2008
SOURCE
Las Vegas Business Press (10712186);10/27/2008, Vol. 25 Issue 43, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the risks that employers who sponsor 401(k) plans face as stock prices continue to fall in the U.S. Experts warn that the downturn in the market can cause people who lost money in 401(k) plans to look for someone to blame and may sue their employers to recover losses. According to analysts, employers are responsible for the plan investments they sponsor under the Employee Retirement Income Security Act (ERISA). As stated, 401(k) are both savings and retirement plans for most people and a way for employers to attract good employees. INSET: Time to get out? Nope.
ACCESSION #
35377777

 

Related Articles

  • Defeat On 401(k) Default Investments Seen As Having Limited Impact. Postal, Arthur D. // National Underwriter / Life & Health Financial Services;10/29/2007, Vol. 111 Issue 40, p6 

    The article reports on the failure of the life insurance industry in the U.S. to retain its stable value funds as qualified default investments in 401(k) plans. The U.S. Department of Labor published regulations that stated that the appropriate default investments could be products that would...

  • Helping Tomorrow's Retirees Manage "Distribution Phase" Risks. Daniels, Bill // Benefits Quarterly;2004 Fourth Quarter, Vol. 20 Issue 4, p57 

    Much of employers' attention has focused on helping employees manage the accumulation of 401(k) plan assets rather than on helping them manage the distribution phase--the period during which employees begin drawing down their 401(k) savings to meet their retirement needs. Assisting employees in...

  • CHAPTER 16: Retirement Options for the Self-Employed. Fishman, Stephen // Working for Yourself;2/1/2011, p239 

    The article focuses on the retirement options available for self-employed people in the U.S. Some of the retirement accounts especially designed for small business people which also offer outstanding income tax benefits include SIMPLE Individual Retirement Account (IRA) and solo 401(k) plans. It...

  • Advantages for employers, workers in new 401(k) rules. Tampone, Kevin // Business Journal (Central New York);5/20/2005, Vol. 19 Issue 20, p10 

    Reports on the advantages of the new federal rules in the U.S. governing 401(k) plans for employers and their former workers. Design of the new rules to encourage retirement saving by automatically rolling the retirement funds of workers into tax free individual retirement income; Creation by...

  • Retirement realities. Dobbs, Lou // U.S. News & World Report;6/16/2003, Vol. 134 Issue 21, p60 

    Discusses the effect on retirement savings of the stock market crash that started in 2000. Decision of many seniors to defer retirement; Percent of people aged 65 and older who are working; Effects of the shift away from employer-funded pension plans and toward defined-contribution plans like...

  • FACING THE ROLLOVER QUESTION. Caudill, April K. // Journal of Financial Service Professionals;Jan2005, Vol. 59 Issue 1, p34 

    This article focuses on the issue of rolling over retirement funds to an individual retirement account (IRA) versus leaving them in the employer plan. According to some estimates, about 14 million workers will lose their jobs in 2005 alone. While a great many of these individuals will cash out...

  • LOSING ALTITUDE. Lim, Paul J. // U.S. News & World Report;4/21/2003, Vol. 134 Issue 13, p58 

    Focuses on shrinking 401(k) accounts in the United States. How some people are no longer contributing to their retirement accounts; Impact of market forces, the economy and investor frustration on the 401(k); Financial information; Strategy of saving; Proposal of the President George W. Bush...

  • The 401(k) Gets a Makeover for 2006. Lim, Paul J. // U.S. News & World Report;1/16/2006, Vol. 140 Issue 2, p42 

    The article reports on the Roth 401(k), which allows workers to put after-tax dollars in tax-sheltered plans so that at withdrawal the money comes out tax-free. Whether not to take advantage of a Roth 401(k) depends on what tax bracket the worker is in today and what tax bracket he or she will...

  • BETTER ROUTES TO RETIREMENT. Heine, Max // Overdrive;Mar2006, Vol. 46 Issue 3, p28 

    The article describes changes and additional options in two retirement plans in the United States. The Individual 401(k) plan allows an employee to save tax-deferred income and to choose the option of consolidating older retirement accounts into the individual 401(k). The Roth individual...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics