401(k) switcharoos on the rise

Article Abstract:

An increasing number of investors with 401(k) plans have been making more frequent changes in their tax-deferred retirement accounts since their are no tax consequences to selling one fund or stock and buying another in such accounts. Despite the increase in 401(k) transfers, these transfers continue to involve less than 25% of 1% of total assets, according to Hewitt Assoc. The firm also noted that the vast majority of the $1.7 trillion in 401(k) plans has remained stable.

Financial analysis

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Pension partisans fight for retirement security

Article Abstract:

Retirees are pushing for a raise in their benefit payments. One of the factors triggering the movement for retirement security is the increase in pension assets from an average of $104 per $100 in liabilities in Dec 31, 1998 to $123 per $100 in liabilities in Dec 31, 1999, based on the Dow Jones industrial average. Other factors include the aging of baby boomers, access to the Internet, greater awareness of retirement issues and cuts in benefits.

Market information - general

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Feds crack down on 401(k) fees that aren't legit

Article Abstract:

Pensions and 401(k) plans are the target of an effort by the Dept of Labor that forces more employers to refund fees that had been shifted to retirement plans. The trend to shift more administrative fees to 401(k) plan assets hurts workers even more as they brace for major carnage as a result of the market downturn. The agency's effort comes at a time when publicly traded companies are under pressure to boost the bottom line.

Government regulation (cont)

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