Deals & People January 19, 2010

Derbes Tapped for Great-West Florida Post

Great-West Retirement Services has appointed Ryan Derbes as regional sales director for West Florida, the Florida Panhandle, and Southern Alabama.
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In this newly created position, Derbes is responsible for developing 401(k) plan business through brokers, financial advisers, consultants, wirehouses, and third-party administrators from his base in Tampa, Florida, according to Great-West.

Derbes joins Great-West Retirement Services after five years with ING, where he served as regional vice president for North and Central Florida and Southern Louisiana.

Compliance January 19, 2010

SPARK Releases Form 5500 Guidelines for 403(b)s

The SPARK Institute has released the final version of its guidelines on Form 5500 Aggregation for multiple-vendor 403(b) plans.
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“These new guidelines for Form 5500 reporting will help ensure that investment providers deliver the data clients need in a consistent and timely fashion,” said Paul J. Gallagher, managing director of Product Development at TIAA-CREF, in a press release.

A draft version of the guidelines was released in December for public review and comment so that the final version would reflect input from the entire 403(b) community (see “SPARK Seeks Comments on Form 5500 Data Guidelines for 403(b)s”). “We were pleased to receive feedback from other industry players that was incorporated into the final document,” said Larry H. Goldbrum, SPARK General Counsel, in the press release.

The guidelines are available for free at www.sparkinstitute.org/comments-and-materials.php.

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