On 401(k) Day, ICI Education Foundation Highlights How to Get the Most from Your Retirement Plan Americans Have Saved $4.8 Trillion in 401(k) Plans Washington, DC, September 8, 2016—The Investment Company Institute Education Foundation (ICIEF) is celebrating National 401(k) Day this...
On September 5, 2017, equities, municipal and corporate bonds, and unit investment trusts will reduce the amount of time it takes to settle trades from trade date plus three days (T+3) to trade date plus two days (T+2).
Discussions among regulators and the financial press about the role of bond mutual funds in financial stability risks have been fueled by concerns about the size and apparent growth in bond funds’ participation in corporate bond markets. But what if that role and its growth have been...
Letter to the Editor: California’s Retirement Plan (As published in the New York Times on August 26, 2016) To the Editor: You say California will provide a state-run “secure choice” retirement plan for private-sector workers with “fees that are both low and transparent” (“ From...
ICI Responds to DOL’s Final Rule on State-Run Retirement Programs Washington, DC, August 25, 2016— ICI President and CEO Paul Schott Stevens issued the following statement today in response to the Department of Labor’s final rule providing a safe harbor from coverage under the...
In the last installment of this series, we wrote about the importance of information sharing. Though important, there is a balance to be struck; you don’t want to share too much information. Growing up in New York City, for example, my friends and I would poke fun at drivers with...
Ten years ago, on August 17, 2006, President George W. Bush signed the Pension Protection Act (PPA) into law, with the goal of ensuring greater retirement security for American workers. With regard to defined contribution (DC) plans, such as 401(k) plans, PPA further encouraged...
Secure Choice Is Risky for Workers and for the State By Paul Schott Stevens (As published in the Sacramento Bee, August 16, 2016) Millions of Americans save for retirement using employer-sponsored plans that offer tax advantages and excellent investment options. Even so, there may be...
ICI Recordkeeper Data Show Retirement Plan Participants’ Commitment to Saving Washington, DC, August 11, 2016 - Americans continued to save for retirement through defined contribution (DC) plans early this year, according to ICI’s latest study of retirement plan savers’ actions. The...
