Allianz Hires DC Managing Director

Allianz Global Investors Distributors (AGID) announced that Nick Loglisci Jr. has joined the firm as Managing Director in the Defined Contribution (DC) group.

In this role, Loglisci will be responsible for calling on plan sponsors and DC consultants, as well as other strategic partners, to pursue DC-Investment-Only opportunities.He will report to Keith Wagner in AGID’s Retirement Sales Group.  

According to the announcement, Loglisci joins AGID from AllianceBernstein where he served most recently as Co-Head of Consultant Relations.  Prior to that, he served as Co-Head of AllianceBernstein’sEndowments and Foundations team.    

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Loglisci is a graduate of the United States Military Academy and holds an MBA from New York University’s Stern School of Business. He also served as a Captain in the U.S. Army for more than five years.

Firms Offer Services for Trustees of Bankrupt Sponsors

BCG Bankruptcy Retirement Plan Services and Millennium Trust Company have teamed up to offer rollover and termination services for retirement plans of bankrupt employers.

BCG Bankruptcy Retirement Plan Services specializes in consultation and administration of retirement plans of bankrupt employers. In coordination with the Millenium Trust Company, the firms have created the “The Complete Solution,” which provides the following:     

  • Assuming co-fiduciary status
  • Preparing plan amendments and restatements
  • Managing participants’ notifications, searches and distributions
  • Establishing Individual Retirement Accounts (IRAs) that meet Safe Harbor requirements for missing participants
  • Preparing government filings and tax reporting
  • Correcting plan operational errors.

“Trustees can now rely on one vendor to meet all their critical needs in the termination and rollover services market,” said Beau Adams, Executive Vice President of Business Development at BCG. “Our relationship with Millennium Trust Company enables us to provide Trustees a turnkey solution that handles every aspect of the plan termination process.” 

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