Facebook No Friend of Its 401(k), Survey Says

Posted on 07/22/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsConocoPhillips Co. has the best 401(k) plan for workers, while Facebook Inc., Inc. and Whole Foods Market Inc. offer some of the worst, according to a Bloomberg News survey of the 250 largest public companies in the country. In fact, ConocoPhillips’ plan is so generous – contributing 9 percent of workers’ pay if workers kick in 1 percent – that after 35 years an employee can end up a multimillionaire, Bloomberg said. According to the Houston-based oil and gas producer’s own …

Health Marketplace: Costs for Similar Plans Can Vary Widely

Posted on 10/7/2013 by |Health | Comments

Bulletin Today | Personal HealthBy Jordan Rau and Julie Appleby, Kaiser Health News Consumers shopping in the new health insurance marketplaces will face a bewildering array of competing plans in some counties and sparse options in other places, with people in some areas of the country having to pay much more for the identical level of coverage than consumers elsewhere. A Kaiser Health News analysis of the 1,923 plans being sold on federally run online marketplaces found wide variations of price and availability. For instance, …

401(k) Fees: Workers Aren’t Doing Much to Lower Them

Posted on 08/5/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsThough we now know how much 401(k) fees are siphoning from our 401(k) plans, we don’t seem to be doing much about it. It’s been a year since the Labor Department required employers that sponsor a retirement saving plan to provide more information about the expenses connected with the various investment options and administering the plan. According to a new survey by the nonprofit Employee Benefit Research Institute (EBRI), 53 percent of defined contribution plan participants say they noticed the fee …