Towers Watson, a professional services company based in New York, is acquiring Extend Health, which operates the largest private Medicare exchange in the U.S., as it seeks to expand its retirement services offerings.

The Hartford Financial Services Group is looking to capture a bigger share of the middle market for 401(k) defined contribution and defined benefit retirement plans.

Workers earning less money were twice as likely last year to have their defined-benefit plans frozen than workers in the top income brackets, a new government report indicates.

A new study finds that 84% of Americans think the time has come for a new approach to workplace-provided retirement plans, including more automation of plans to cut down on struggles to make the right decisions on managing their programs.

Defined contribution plan sponsors are loosening their requirements, with nearly 60% of them permitting their employees to contribute immediately upon employment, a new survey suggests.

Wells Fargo & Co. said its subsidiary, Wachovia Bank, has agreed to acquire the proprietary defined contribution plan recordkeeping business of Texas-based Comerica Bank, a subsidiary of Comerica Inc. The …  Read →

The Principal Financial Group has released a new tool that helps financial service professionals measure the retirement readiness of defined-contribution plans.

The Replacement Ratio Tool for Defined Contribution Plans permits the …  Read →