trendspotting
Providers Unsuccessful at Retaining DC Plan Assets
Due to insufficient focus on retention, the inability to reach the plan participant at the appropriate time, and failure to build a relationship with the participant prior to retirement, defined contribution (DC) plan service providers are largely unsuccessful at retaining participant assets after retirement, according to a study from the Diversified Services Group (DSG).
Reported by Rebecca Moore
To access this premium content, please sign up for a free account!
You Might Also Like:
Ascensus to Acquire Mutual of Omaha’s 401(k) Business
Retirement services provider will add $3.9B in assets after providing outsourced recordkeeping to retirement division for years.
Recordkeepers Are Leaning In on Managed Account Offerings
Representatives from Fidelity, Vanguard, Empower and Principal discuss their proprietary and partnered managed account offerings and growth.
It’s Time We Stopped Evaluating Managed Accounts From 2006
iJoin’s CEO discusses the evolution and current state of managed accounts.