Deals & People January 21, 2014

Nyhart Appoints Retirement Lead

Cameron MacLeod joined actuarial and benefits consulting firm Nyhart to lead its national retirement plan growth initiative.
Reported by

In the role, MacLeod will collaborate with an expanded team of consulting resources to grow Nyhart’s presence within the employee benefits consulting space, with a focus on meeting the needs of investment advisers.

According to Thomas Totten, CEO and senior actuary, the appointment is part of Nyhart's effort to expand its offerings in the investment and benefits support services space.

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Before joining Nyhart, MacLeod served as vice president of sales at TD Ameritrade Trust Company, following a role as regional vice president of sales at Fiserv Investment Support Services. He has more than 15 years of experience in the qualified plan space and has specialized in building open architecture retirement plans in partnership with plan advisers.

Nyhart is composed of actuaries, consultants, attorneys, accountants and administrators focusing on pension and retirement fund analysis, retirement benefits consulting and administration of employee benefits for private and public companies around the United States.

More information is available at www.nyhart.com.

Products January 21, 2014

Guardian Adds Stable Value Fund

The Guardian Insurance & Annuity Company Inc. added the Federated Investors Capital Preservation Fund to its fund lineups.
Reported by

Specifically, the fund will be added to the Guardian Choice and Guardian Advantage fund lineups. By including the fund in these retirement products, Guardian’s aim is to provide new investment options and an expanded breadth of asset classes for plan sponsors and participants. 

The fund is a stable value fund aimed at preserving principal and generating high levels of current income by investing in guaranteed investment contracts, money market mutual funds, and other stable value products. Stable value funds are an increasingly attractive asset class for 401(k) plan participants who seek preservation of principal, particularly in a turbulent market environment, according to a statement from the firm. 

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“We understand that for certain 401(k) plan participants maintaining safety of principal while providing a competitive yield is paramount. The Capital Preservation Fund offers investors in retirement plans a conservative investment option managed by a well-respected firm with over 25 years of experience managing stable value investments,” says Jason Frain, vice president for 401(k) product management and development within Guardian Retirement Solutions, based in New York.

More information can be found at 401k.GuardianLife.com, including a variety of educational features to help plan participants better understand their own investing styles and information about how to maximize the retirement planning process.

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