TITLE

One bad apple: Don't let overlegislation undo 30 years of 401(k) fruitfulness

AUTHOR(S)
HANSON, WAYNE
PUB. DATE
May 2010
SOURCE
Employee Benefit News;May2010, Vol. 24 Issue 6, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article questions the need for the proposed Lifetime Income Disclosure Act in the U.S. The proposed Act would require sponsors of 401(k) plans to project the monthly income that employees could expect at retirement based on their 401(k) balances. It also discusses the difference between 401(k) plans and defined benefit (DB) plans. The author argues that 401(k) sponsors do not need this legislation to dictate this exercise.
ACCESSION #
52545569

 

Related Articles

  • Younger workers hurt when boomers can't afford to retire. WHITE, JANE // Employee Benefit News;Oct2008, Vol. 22 Issue 13, p61 

    The article explores the impact of the inability of the baby boomers to retire on younger workers in the U.S. It relates the insufficient retirement income of baby boomers scheduled to retire in 2011. Information is presented on the expenditures of companies related to older workers. It...

  • At Deadline.  // Pensions & Investments;2/20/2012, Vol. 40 Issue 4, p1 

    The article reports that General Motors (GM) Corp will suspend the defined benefit plans for the salaried workers hired before 2001. It states that GM is planning to contribute in the existing 401(k) plan which is based on length of service, base salary and bonus. It mentions that GM is reducing...

  • IBM strives for the security of defined-benefit programs as it shifts focus to 401(k)s. Marquez, Jessica // Workforce Management;Jun2005, Vol. 84 Issue 6, p79 

    Reports on the redevelopment of the defined-benefit pension plan of IBM Retirement Funds as it shifts focus to 401 (k) plan. Features added to the plan that would help employees secure income after retirement; Factor that influences the decision of employers to offer managed account; Details of...

  • A Creative Solution.  // Pensions & Investments;8/5/2013 Supplement, Vol. 41, p10 

    The article discusses the interest of the public sector in the hybrid defined benefit/defined contribution (DC) plans in the U.S. Topics covered include the different sources of retirement income in the country, various traditional corporate DC plans and the difference of DC with 401(k) or 457...

  • Converting to a Roth IRA with Taxes Paid from Corpus of the Traditional IRA. Clayton, Ronnie; Clayton, Lamar; Davis, Lemuel; Fielding, William // Journal of Applied Finance;2014, Vol. 24 Issue 1, p111 

    The article discusses a study which examines the conversion of a Traditional Individual Retirement Arrangement (IRA) to a Roth IRA for tax purposes. Topics include the importance of individual retirement planning as a pre-retirement activity, replacing the unfunded defined benefit plans with...

  • Honey, I shrunk the pension. Snyder, Mark // Long Island Business News (7/1993 to 5/2009);8/19/2005, Vol. 52 Issue 34, p10A 

    Comments on the decline in the number of defined-benefit pension plans in the U.S. Dependence of the amount received at retirement on how an employee worked for the company and what the salary was at retirement time; Benefits offered by 401(k) and profit-sharing plans in allowing workers to...

  • Auto-enrollment 'lite' appeals to many employers. Hirschman, Carolyn // Employee Benefit News;Dec2005, Vol. 19 Issue 15, p47 

    The article discusses issues surrounding automatic enrollment of 401(k) plans. According to consultants, automatic enrollment does not make sense for plan sponsors with defined benefit plans, high 401(k) participation rates already, high turnover and those without paternalistic culture. The cost...

  • Employers seek OK to redeploy surplus assets. Anand, Vineeta // Business Insurance;8/27/2001, Vol. 35 Issue 35, p6 

    Reports on a proposal by United States large employers on how to tap surplus pension assets and, at the same time, they claim help the faltering economy. Redeployment of surplus pension assets into employers' matching of 401(k) plan contributions; Focus on accounts of participants covered by...

  • THE CHANGING LANDSCAPE FUNDING TOMORROW'S PENSIONS. Zinkewicz, Phil // Insurance Advocate;9/1/2003, Vol. 114 Issue 33, p2 

    Points out that the landscape of the U.S. pension industry is undergoing some significant changes. Observation that corporations are altering their approach to 401(k) plans; Possibility that defined benefits plans may become obsolete because of low interest rates and demographic changes,...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics