News

The Taft-Hartley Services team of BMO Institutional Trust Services named both Scott A. Hockenberry and Tyler Clark as vice president/relationship manager.

EPIC Advisors Inc. hired Darouny Vongphachanh as a client service specialist.

The average total plan cost for a small 401(k) plan (100 participants) is 1.3%. 

A federal appellate court has found that a profit-sharing plan must pay back more than $1 million in assets wrongly transferred from a participant’s account, even thought it...

 Allianz Global Investors Capital (AGIC) is offering investors managed volatility investment strategies designed to lower expected portfolio risk while achieving above-benchmark returns. 

Reliance Trust Company’s Retirement Strategies Group appointed Danny Streiff to its national account sales position.  

Strategic Insight (SI) reports investors withdrew an estimated net $22 billion from stock and bond mutual funds in the U.S. in December. 

Franklin Templeton Investments launched Franklin Templeton Multi-Asset Real Return Fund for U.S. investors. 

Long-term mutual funds had a second consecutive month of net redemptions with outflows of $9.8 billion in December 2011. 

The Department of Labor (DOL) announced upcoming voluntary fiduciary correction program workshops in three states.

Partnering with a professional retirement plan adviser offers benefits for plan sponsors, according to a study for the Retirement Advisor Council. 

BlackRock, Inc. entered into a definitive agreement to acquire Claymore Canada.  

Prudential Retirement, a business unit of Prudential Financial, has announced leadership appointments in its Total Retirement Solutions (TRS) area.

Celent, a division of Oliver Wyman Inc., appointed Craig Weber to replace Mike Harding as CEO.  

State Street Global Advisors (SSgA) announced the SPDR S&P Small Cap Emerging Asia Pacific ETF began trading on the NYSE Arca on January 12.