A 401(k) plan is a tax-advantaged retirement account offered by many employers. There are two basic types—traditional and Roth. Here’s how they work.

Defined contribution plans in the U.S. have been a raging success and are the envy of the world with $12.2 trillion in assets and $16.8 trillion in IRAs, which are fueled by 401(k) and 403(b) plans at ...

The Thrift Savings Plan (TSP), a retirement plan for federal employees and uniformed service members, is the nation's largest defined contribution plan, with seven million participants and over $845 ...

Key Takeaways The typical employee contribution rate falls between about 8% and 10%, depending on the data source.When employer matches are added, total savings climb to about 12% to 14% of an ...

President Donald Trump signed an executive order instructing the Securities and Exchange Commission, Department of Labor, and the Treasury to work on a framework that would allow for the inclusion of ...

A report said few DC systems are currently equipped to deliver income through the decumulation phase in a “standardized or robust way.” Retirement income is the greatest challenge facing defined ...

In a move aimed at expanding investment opportunities for retirement plan participants, Empower is announcing a program that will pave the way for private market investments to be included within ...

Assets have been flowing out of defined contribution plans at a vigorous pace in recent years with no moderation in sight, according to Morningstar. “Growth of assets in the DC system is hindered by ...