New Changes for Pension Plans and 401-Ks

Public-company pension plans could be dealt a blow by legislation under
consideration in Congress that could limit the use of credit balances. The
measure could have the greatest impact on automotive, aerospace and
basic-materials firms.

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401(k)s moving away from financial planners
A new survey of midsize
401(k) plan sponsors reveals that those who switched plan administrators to
mutual funds in the past two years outearned those who used financial planners
as plan administrators. The data, released at a conference of the Society of
Professional Administrators and Recordkeepers in Washington, shows that plans
using mutual funds climbed three percentage points while plans using financial
planners fell two percentage points.