DoL Suggests Advice Rule Delay
The U.S. Department of Labor (DoL) has proposed putting off the implementation of its recently released investment advice rule.
News
Ark. Hospital Firm Trims 401(k) Match
An Arkansas hospital company has trimmed its 401(k) match as part of a general cost-cutting effort.
Invesco Aim Launches New 401(k) Review Tool
Invesco Aim launched an enhanced Invesco Aim PlanForward Module 3 Benchmarking and Reviewing 401(k) Plans.
Evercore Asset Management Adds Core Equity Team
Evercore Asset Management, LLC (EAM), an institutional money manager specializing in small- and mid-cap equities, announced the addition of a small- and mid-cap core team to the firm.
Putnam Names Fidelity Alum as DC Business Leader
Putnam Investments has named Edmund F. Murphy III, a 25-year industry veteran, as managing director and head of Defined Contribution.
UPS Joins 401(k) Match Suspension List
UPS has become the latest employer to pull back on its 401(k) match.
Great-West Appoints More Regional Sales Directors
Great-West Retirement Services has appointed Thomas R. Mordaunt and Jason C. Smoot as regional sales directors for its 401(k) business.
Judge Holds Employer Liable for Missing Plan Contributions
A federal judge has ruled that the owner of a now-defunct Michigan construction firm is personally liable for $24,900 in unpaid retirement savings contributions for the four years...
vWise Launches Participant Adviser Web Site
vWise Inc. has announced the launch of its new SmartPlan Advisor system.
Stock-Drop Suit Hits BoA over Countrywide, Merrill Deals
Bank of America (BoA) was hit with a participant stock-drop suit alleging the company’s acquisitions of Countrywide Financial Corp. and Merrill Lynch left BoA exposed to ‘toxic’ subprime...
Morningstar Extends Star System to Europe, Asia
Morningstar, Inc., has announced plans to provide what it calls "investor-centric, analyst-driven qualitative research and ratings" for European and Asian funds.
Disclosure Not the Only Issue with 401(k) Fees
Although clear and complete disclosure of fees and costs can help 401(k) plan sponsors ensure that plan fees are not unreasonable for participants, disclosure alone is not sufficient.
MassMutual Opens RetireSmart Academy Doors
MassMutual's Retirement Services Division has announced the official debut of the MassMutual RetireSmart Academy.
The Hartford Offers Web Resource for Sales Assistants
The Hartford has launched the Sales Assistant's Corner, an online resource to meet the professional needs of sales assistants.
The American College Beefs Up ChFC Designation Requirements
The Chartered Financial Consultant (ChFC) designation will require a total of nine college-level courses for students starting the program on or after October 1, 2009.
Economy Slows Auto Enrollment Trend
Many companies are looking for ways to lower the costs of their retirement benefits while still encouraging their workers to invest wisely for retirement, according to a survey...
NewRiver Accuses Morningstar of Unlawful Use of Prospectus Product
Mutual fund data repository NewRiver, Inc., announced it has filed suit against Morningstar Inc. over use of its prospectus product.
73% of DC Sponsors Plan No 2009 Match Changes
While media accounts may be full of reports of employer decisions to suspend their retirement plan company match contributions, 73% of DC plan sponsors in a new survey...
Macy’s Expense Reductions to Include 2009 Match Cuts
Department store retailer Macy’s Inc. joined the growing list of employers slashing their 401(k) match to save money in the difficult economic environment.
Advisers Move Away from Specialization
In order to adjust with the changing landscape as Baby Boomers retire, financial advisers will likely take on a broader role and compete with a wider array of...