Lawmakers Scrutinize Fees for 401(k) Plans
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Workers are being overcharged tens of billions of dollars a year in unnecessary and often hidden fees imposed on popular, company-sponsored retirement savings plans known as 401(k)s, financial experts told a congressional committee yesterday.
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Your retirement dreams are probably riding on your 401(k) plan. Is it up to the job?
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WASHINGTON -- Maybe you're saving too much for retirement. You may also be eating too many vegetables, spending too much time with the kids, exercising too regularly, and doing your job too diligently.
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The Bush administration spent at least $2.8 million traveling around the country promoting its plan to let many people divert a portion of their Social Security taxes into private retirement accounts, congressional investigators said Friday.
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Take a memo: Let's not kill all the lawyers just yet. They are the only defense for workers against corporate executives who would rather count their stock options than pay attention to 401(k) plans.
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For certain conservatives, this fund might be appealing.
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After reading a recent Expresso item I wrote supporting President Bush&#39;s plan to reform Social Security, a woman sent me an e-mail asking how her twentysomething son should invest his 401(k) funds.
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Lawmakers in Washington want to make it easier for mutual funds and pension plans to sell stocks in companies doing business in Sudan and Iran, targeting institutions like Fidelity Investments and the state boards that manage public retirement money.
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New cost estimates have prompted many lawmakers to say they want to revisit the new prescription drug benefit law.
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Time is on their side when it comes to earning money for retirement.
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The 401(k) is being transformed. The pension bill that President Bush signed into law makes 401(k)s friendlier to workers and encourages employers to help savings-challenged Americans build their nest eggs for retirement.
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Hoping to stem a tide of rising  pension debt, a California legislator will propose a  controversial overhaul on Monday that would convert traditional  public employee retirement plans to privately managed  401(k)-style plans, the Los Angeles Times reported on Sunday.
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By The Times Leader, Wilkes-Barre, Pa.  May 25--It may soon be much easier to find out how a big chunk of our tax  dollars is being spent.
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California&#39;s two state pensions, with $292 billion in combined assets, would be replaced with 401(k)-type plans under a proposal by a state lawmaker who vows to hold a
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WASHINGTON -- Without a doubt, many employees who have access to a retirement plan at work contribute some money to it.
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By now if you are investing in a 401(k) or similar workplace retirement plan, you know that the ups and downs of the stock market or economy can affect the returns of your investment portfolio.
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As many of the nationâs largest employers struggle to control rising retiree health costs, they are asking their retirees to pay more and plan to do so again in 2005, according to new survey results.