How’s your 401(k) doing? President Donald Trump likes to ask that question around the country, sometimes throwing out big gains like 90 percent or 95 percent. The average 401(k) did indeed hit a record last year, although its growth was ...

Tagged with: 401(k) IRA President Donald Trump retirement funds retirement investments S&P 500

A federal judge gave final approval Thursday to a $16.5 million settlement of a class action lawsuit filed against Caterpillar Inc. over fees in its 401(k) plans. The class consists of about 80,000 people, current and former plan participants dating ...

Tagged with: 401(k) Caterpillar Inc. excessive fees Jerome Schlichter Jerry Schlichter settlement U.S. District Court of the Central District of Illinois

A federal judge gave preliminary approval last week to a $925,000 settlement in a class action lawsuit against Kansas City firm NovaStar Financial. The lawsuit claimed violations of the Employee Retirement Income Security Act and encompasses a class of people ...

Tagged with: 401(k) NovaStar Financial settlement

General Motors Co. said it restored contributions to a retirement savings plan for U.S. salaried employees while shifting them to health-care coverage that will hold down the automaker’s costs. The company match of as much as 4 percent for 401(k) ...

Tagged with: 401(k) General Motors GM retirement Saturn

Many employers use their 401(k) plans to attract and retain qualified employees, however the plans are failing to engage the interest of employees just entering the labor market – the Millennials, or workers born after 1979. In order for 401(k) ...

Tagged with: 401(k)