401(k) Archives - CFO

FedEx to Discontinue Pension Plan for New Hires

Retirement Plans

FedEx to Discontinue Pension Plan for New Hires

The switch to a 401(k) plan isn’t intended to save money but is "really more about evolution of our benefits and being competitive as an employer."

By Matthew Heller | November 19, 2019

GE Freezes Pensions to Reduce Deficit, Debt

GE Freezes Pensions to Reduce Deficit, Debt

“Returning GE to a position of strength has required us to make several difficult decisions, and today’s decision to freeze the pension is no exception."

By Matthew Heller | October 7, 2019

Delayed Departure

Retirement Plans

Delayed Departure

Older employees who cannot afford to retire can present a costly challenge for the entire company.

By David McCann | June 29, 2017

Metric of the Month: Payroll Errors

Human Resources

Metric of the Month: Payroll Errors

When you take 10 days to fix a payroll error, it can feel like an eternity to the employee who needs the money to pay her bills.

By Mary Driscoll | April 10, 2017

Trump’s Pension Policy

Retirement Plans

Trump’s Pension Policy

If Trump shelves the new fiduciary rule, brokers might seek out deals that pay them best, rather than act in the best interests of sponsors and employees.

By Rob Massa | December 9, 2016

How to Choose a 401(k) Plan Auditor

How to Choose a 401(k) Plan Auditor

CFOs must be careful in making this choice, because there may be issues of penalties and personal legal liability.

By Robert J. Rojas | October 18, 2016

Special Report: 401(k) Trends and Tips for 2016

Retirement Plans

Special Report: 401(k) Trends and Tips for 2016

Fiduciary liability issues dominate the 401(k) landscape this year.

By David McCann | June 22, 2016

Passive Aggression

Retirement Plans

Passive Aggression

Why 401(k) plan sponsors' motivations for switching to passive investment vehicles could run afoul of ERISA.

By David McCann | June 22, 2016

Is Your Company’s Retirement Plan Fine, or About to Be Fined?

Retirement Plans

Is Your Company’s Retirement Plan Fine, or About to Be Fined?

CFOs aren't as concerned about fiduciary liability as they should be.

By Francesca Federico | March 8, 2016

Obama Taking On Retirement-Savings Shortfall In 2017 Budget

Obama Taking On Retirement-Savings Shortfall In 2017 Budget

The budget will reportedly require employers without 401(k)s to set up an auto-enrollment individual retirement account for workers.

By Katie Kuehner-Hebert | January 26, 2016

Boeing Settles 401(k) Class Action for $57M

Retirement Plans

Boeing Settles 401(k) Class Action for $57M

Boeing denied the allegations but has made a number of changes to its plan, including replacing mutual funds with lower-cost investment options.

By Matthew Heller | November 5, 2015

Personal Finance 101

Personal Finance 101

Where do most people keep their nonretirement savings? That and other questions answered in our survey about how Americans manage their money.

By CFO Staff | May 15, 2015

Workers Want More Retirement Help From Employers

Workplace Issues

Workers Want More Retirement Help From Employers

A Northern Trust survey shows disconnect as plan sponsors indicate reluctance to provide a "stronger guiding hand."

By Matthew Heller | May 13, 2015

Employees Socking Away More in 401(k)s

Workplace Issues

Employees Socking Away More in 401(k)s

The average 401(k) balance at the end of the first quarter was $91,800, up 0.5% from last quarter and 3.6% from one year ago, says Fidelity.

By Katie Kuehner-Hebert | May 4, 2015

Employers Plan to Bump Up 401(k) Contributions

Retirement Plans

Employers Plan to Bump Up 401(k) Contributions

"There is growing recognition that there must be more of a shared responsibility around retirement outcomes," says Vanguard.

By Katie Kuehner-Hebert | May 1, 2015