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Cooperatives RSS FeedsINFO FOR RESERVE PRIMARY FUND INVESTORS - From SEC: The Securities and Exchange Commission posted information on its Web site for investors in the Reserve Primary Fund, which "broke the buck" last September when its net asset value fell below $1 per share. Since then, the fund has withheld a significant amount of money from investors pending the outcome of numerous lawsuits filed against the fund, its trustees, and other officers and directors of Reserve entities. The SEC filed suit on May 5, 2009, seeking, among other things, an order to distribute the fund's remaining assets to investors expeditiously on a pro rata basis. Pursuant to the court order, the SEC is directing investors to additional information on its Web site, including the SEC's proposed distribution plan a...Feed Source: SUSPENDED 401(K) CONTRIBUTIONS STUDY -
From EBRI: A review by the nonpartisan Employee Benefit Research Institute (EBRI) of 251 401(k) plan sponsors that have suspended 401(k) matching contributions for their 4.4 million workers finds that those employing 50 percent of the workers also maintained an open defined benefit plan. An additional 16 percent of the workers were with employers that were still obligated to fund a frozen defined benefit plan. Further, 8 percent of the workers were with an employer that had both an open and a frozen defined benefit plan that carried funding obligations. Because of the current economic conditions, many of these employers must make what are unexpected contributions to a defined benefit plan as a result of asset losses and liability growth, bu... NEW RESOURCES FOR INVESTING - From BetterInvesting: In preparing for a comeback in stocks, investors now have all the stock analysis tools and education resources they need to build their portfolios and their long-term wealth. The merger of the National Association of Investors Corporation (BetterInvesting) and ICLUBcentral, the two leaders in investment education, creates the largest provider of unbiased, time-tested tools and resources. With this merger, investors of all experience levels have everything they need to analyze stocks and mutual funds and prepare for the next bull market. BetterInvesting's and ICLUBcentral's tools, resources and education programs rev... NEW FINANCIAL ED TEACHING CENTER - From CEE: The Council for Economic Education and HSBC-North America have opened the HSBC National Center for Economic and Financial Education. The National Center has been created to be a hub for innovative and state-of-the-art teaching materials and programs in economic and financial education. Educational programs will be piloted and field-tested; research and evaluation of programs will be conducted; and panels featuring economic educators, teachers, prominent economists, business leaders, and policy-makers will be held to discuss topics relevant to economic and personal finance education. And as part of the National Center's mission to increase the awareness of economic education, domestic and international visitors w... TARGET DATE-TYPE RETIREMENT PLANS - From EBRI: The nonpartisan Employee Benefit Research Institute (EBRI) published a study of target-date fund investments, exploring whether plan demographic characteristics would affect individual participant contribution rates and target-date fund investments for participants in relation to plan demographics by considering target replacement income and its success rate. The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) and the Securities and Exchange Commission (SEC) will hold a joint public hearing on June 18, 2009, to hear testimony on the investment of 401(k) and other retirement plans in target date-type plans. The study finds empirical evidence that 401(k) plan participants' contribution rates and participants'... Copyright © 2012, Articlesinfinite.com. All Rights Reserved. |