News

More retirement plans may get the benefits of collective investment trusts (CITs) under a new Internal Revenue Service (IRS) ruling.

CAPTRUST Financial Advisors has entered into a definitive agreement to merge with Defined Contribution Advisors Inc., known as DCAdvisors.

A new analysis of retirement plan offerings at Fortune 500 companies suggests the shift from defined benefit (DB) plans to defined contribution (DC) plans may be slowly stabilizing.

John Hancock Retirement Plan Services (RPS) released a new website and online tool set that helps advisers simplify 401(k) plan management.

Christopher Han, Michael Demler and Michael Palace have joined Ascensus as regional vice presidents. 

Mike DiCenso joined Mesirow Financial as managing director and head of national sales on the investment strategies team. 

The Guardian Insurance & Annuity Company, Inc. (GIAC) added 21 investment options to The Guardian Choice and The Guardian Advantage group retirement plan products.

Robert Straus has joined Innovest Portfolio Solutions as a vice president, tasked with supporting due diligence efforts and providing investment consulting services to Innovest clients.

William Mitchner joined the Cleveland office of Segal Rogerscasey as a vice president and senior consultant.

Sports fans turn increasingly to mobile devices and social media to keep up on scores and their favorite teams’ news, a survey says. 

Brandon Budd has joined The Standard as a retirement plan consultant for the company’s south sales region. 

Software developer NextCapital Group says it is building digital portfolio management and advice delivery tools that have the potential to reshape the defined contribution (DC) retirement plan industry.

Great-West Financial has completed its acquisition of the J.P. Morgan Retirement Plan Services large-market recordkeeping business.

Benjamin Thomason has joined Securian Retirement as a divisional vice president with expertise in large plans.

Pentegra Retirement Services introduced the “Pentegra SmartPath,” a new brochure that details recommended progressive 401(k) plan design best practices.

Unified Trust Company has partnered with Castle Rock Innovations to implement the AXIS Retirement Analytics Platform for plan cost and performance benchmarking purposes.

Thomson Reuters launched a suite of indices to measure the performance of European companies with superior ratings for environmental, social and corporate governance (ESG) practices.

MassMutual has named Aruna Hobbs as head of institutional investments for retirement plans.

John Krieg has been appointed global head of institutional distribution at Northern Trust Asset Management.

Among approximately 75 large employers, nearly one-quarter (24%) are currently using a white label approach to naming defined contribution (DC) plan investment options, Aon Hewitt finds.