News

The U.S. Department of Labor sued the now-defunct People Unlimited Consulting Inc. and two of its executives for violating the Employee Retirement Income Security Act (ERISA).

The U.S. Treasury Department announced Wednesday a technical correction that will permit additional money market funds to participate in its Temporary Money Market Fund Guarantee Program.

Nationwide Retirement Plans announced the launch of its Retirement Clear Advantage, a retirement plan product featuring fee disclosure and institutional class mutual funds.

New Frontier, a Boston-based research and investment advisory firm, partnered with FundQuest to offer exchange-traded fund (ETF) managed account portfolios to financial advisers.

401kDIRECT scheduled an October 15 launch for its 401kDIRECT MAX Plan to be available for advisers, administrators, and plan sponsors.

Fidelity Investments, Vanguard Group, and T. Rowe Price Group all said they will join the U.S. Treasury Department's guarantee program for money market funds.

Executor’s Resource launched EstateLogic, an estate and legacy preparation Web offering.

The Hartford Mutual Funds decided to participate in the new Money Market Fund Guaranty Program from the U.S. Treasury.

While participants (and their plan sponsors and advisers) nervously contemplated the impact of the market tumult on their retirement savings, Congress held a hearing on the subject.

Securian Retirement is offering a plan participant education program focused on helping participants reduce debt and boost retirement savings.

Trust Builders, Inc., provider of educational solutions for retirement planning, made available a distribution strategy utilizing tax management to extend retirement income.

Advisor Software, Inc., announced that Pension Dynamics Corporation will make ASI Portfolio Forecaster available to 401(k) plan participants who are using the firm’s Web-based platform.

Rollover Systems Inc. (RSI), a Charlotte-based rollover management service provider, announced a services suite that it said will help advisers and plan sponsors terminate 401(k) plans.

Great-West Retirement Services appointed two regional sales directors to focus on development of new corporate 401(k) plan business.

U.S. Supreme Court justices turned aside a request to rule whether cash balance plans are age biased as the high court refused to review a 6th U.S. Circuit...

OppenheimerFunds, Inc. (OFI) Retirement Services released a white paper about its Tru(k)ourse product, a tool to implement automatic plan provisions.

Bank of America announced its plans to raise capital by selling stock and slashing dividend payments, after reporting third quarter results of $1.18 billion, down from $3.7 billion...

Calvert launched its latest sustainable and responsible investment (SRI) mutual fund, part of a new series of investment portfolios known as Calvert Solution Strategies.

Security Benefit is adding five mutual funds from American Funds to the SFR Program, a group retirement platform for 403(b)(7), 457(b), and 401(k) plans.

MasteryPOINT unveiled Plan Investment Plus (PIP), an online service it said will help advisers work with plan sponsors in meeting their obligation to review plan investments.