Tag: 401(k)

Newsmakers January 12, 2021

Restoring Pensions from 401(k) Plans Could Cost San Diego Millions

The city might have to retroactively create DB plans for some 4,000 city workers.

Research September 24, 2020

Boeing Is Now a Conviction Buy, Says Goldman Sachs

Despite continued woes, the aerospace giant should do well in a post-virus world, when plane deliveries resume and the 737 Max is flying, the bank contends.

Risk August 31, 2020

Neiman Marcus, Mired in Chapter 11, Cuts Executive Retirement Benefits

Discord over move is sharpened by big bonuses for CEO and other C-suite execs.

Regulation August 3, 2020

Advocacy Group Calls New Labor Department Rule ‘Anti-Consumer’

Pension Rights Center says the policy contradicts recent Supreme Court ruling and DOL guidance.

Regulation June 18, 2020

Permission to Tap 401(k)s Worries SEC Chief

New penalty-free retirement plan withdrawals, meant as recession relief, may result in too-risky investing, Jay Clayton says.

Corporate Moves June 12, 2020

At Least Boeing’s Stock Isn’t in Its Pension Plan Anymore

Controversial 2017 contribution of $3.5 billion in company shares to the retirement program apparently was divested, long before the current share-tanking mess.

Asset Management Culture June 12, 2020

MassMutual Reportedly Exploring $2 Billion Sale of Retirement Services

The life insurance company apparently no longer considers the DC plans integral to its business.

Market Moves June 5, 2020

Don’t Get All Excited by the Green Light for PE in 401(k)s

Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.