Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 29th, 2015
OneAmerica to Acquire BMO's U.S. Retirement Business
OneAmerica and BMO Financial Group have reached an agreement for OneAmerica to acquire BMO’s Milwaukee-based, U.S. retirement services business, BMO Retirement Services, with more than 200 professionals with approximately 830 plans. The retirement services businesses of OneAmerica serve more than 11,000 plans and have more than $30 billion in retirement assets under administration. The acquisition raises OneAmerica’s assets under administration by approximately $26 billion, bringing the total to more than $70 billion. Read more >
GRP Expands Alliance with Four Firms
Baystate Fiduciary Advisors, Wharton Hill Advisors, Strategic Retirement Group and Ingham Retirement Group are the newest members of GRP Advisor Alliance’s already formidable group of retirement plan advisers, formed last year. Read more >
John Hancock Offers LPL’s Advice Tool
John Hancock Retirement Plan Services has integrated LPL Financial’s Employee Advice Solution into its recordkeeping platform.The Web-based advice tool asks employees about their financial holdings. Based on that information, participants can receive personalized retirement advice or manage their accounts on their own. The tool also enables participants to engage with an adviser directly, either face to face, online or over the phone. Read more >
Many Retirees Wish They Had Delayed Taking Social Security Benefits
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
Institutional Plans See Strong Q1 2019 Returns
RESA, RSSA, SECURE Act and More Pile Up in Congress
Excessive Fee Suit Filed Against Greystar Management
Sponsored message from THE GUARDIAN
What’s Working & Not Working for 401(k) Small Plan Participants
The Guardian Small Plan 401(k) RetireWell StudySM 2.0. Working Americans expect 401(k)s to provide primary source of retirement income, but lack of education creates missed opportunities. Learn more – download the free study. Read more >
Advisers Must Reconstruct Sponsors’ Retirement Plans
Axia Advisory urges advisers to introduce best practices to their plan sponsors in its white paper, “Redefining the Retirement Plan,” which contends it is no longer enough to simply offer a retirement plan and hope that employees participate. Sponsors must completely rethink their retirement plan to make certain that participants are saving, saving enough and saving properly. Read more >
Advisers Benefit from Working With Lawyers in the Field
The retirement specialist advisory profession is ripe with opportunity, but under ERISA, working as an adviser to tax-qualified retirement plans brings substantial liability and potential legal pitfalls. A complex amalgam of labor, tax and securities laws makes relationships with ERISA attorneys valuable for plan advisers.  Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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