News

Las Vegas resort company Wynn Resorts has joined the legions of employers suspending their 401(k) match.

The St. Petersburg Times has joined the ranks of newspapers freezing pay and suspending 401(k) plan company match contributions.

Van Kampen Funds Inc., a subsidiary of Van Kampen Investments Inc., has announced the launch of the Van Kampen Global Tactical Asset Allocation (GTAA) Fund.

The 403(b) Company offers a 403(b) Administrator service that can help sponsors get through Internal Revenue Service (IRS) and Department of Labor (DoL) plan audits.

The U.S. Department of Labor (DoL) has proposed putting off the implementation of its recently released investment advice rule.

An Arkansas hospital company has trimmed its 401(k) match as part of a general cost-cutting effort.

Invesco Aim launched an enhanced Invesco Aim PlanForward Module 3 Benchmarking and Reviewing 401(k) Plans.

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 Investments has named Edmund F. Murphy III, a 25-year industry veteran, as managing director and head of Defined Contribution.

UPS has become the latest employer to pull back on its 401(k) match.

Great-West Retirement Services has appointed Thomas R. Mordaunt and Jason C. Smoot as regional sales directors for its 401(k) business.

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 Inc. has announced the launch of its new SmartPlan Advisor system.

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, Inc., has announced plans to provide what it calls "investor-centric, analyst-driven qualitative research and ratings" for European and Asian funds.

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's Retirement Services Division has announced the official debut of the MassMutual RetireSmart Academy.

The Hartford has launched the Sales Assistant's Corner, an online resource to meet the professional needs of sales assistants.

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.

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...