Products June 14, 2010

OppenheimerFunds Launches New Tools for Advisers and Sponsors

OppenheimerFunds Retirement Services announced new tools to help plan sponsors and financial advisers "navigate the changing regulatory landscape."
Reported by

The tools include a guide to help participants understand plan fees and expenses, a tool to educate advisers and sponsors about regulatory and legislative updates, and a new plan review online demo. 

OppenheimerFunds Retirement Services recently introduced a new guide, “Plan Fees and Due Diligence – Considerations to Help You Manage Your Fiduciary Duties,” that discusses lessons learned from recent fee litigation and the long-term impact of excessive fees, according to a press release.  The brochure includes a worksheet to help plan sponsors evaluate plan fees and expenses.  

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To help advisers and sponsors become better educated on recent regulatory and legislative changes, OppenheimerFunds Retirement Services recently launched a new program called “Form 5500 Schedule C Rules: What You Should Know as Plan Sponsor.” The program discusses the changes to the Form 5500 Schedule C and how they impact plan sponsors.  

The company also provides a quarterly plan review that contains plan demographic data, comparisons to industry benchmarks, and information on plan investments. It has created an automated online demo to educate sponsors on how to effectively review their plans while focusing on the areas that provide the most value.

The Markets June 14, 2010

Russell Announces Index Changes

Russell Investments has posted its official lists of companies that are set to join or leave the broad-market Russell 3000 Index when its U.S. equity indexes are reconstituted on June 25.
Reported by

According to the company, the list of preliminary additions for the Russell 3000 features 262 companies, including 47 firms in the technology sector, 46 in the health care sector, and 41 in the consumer discretionary sector. Exxon Mobil will continue to rank as the largest company in the index in terms of market capitalization, despite a 16.3% decline since last year’s index reconstitution, and Berkshire Hathaway will move into the top 10, making it the largest stock set for addition to the index this year. 

With these changes the combined market capitalization of stocks in the Russell 3000, which reflects about 98% of the investable U.S. equity universe, will increase from $10.6 trillion at this point last year to $13.4 trillion, the press release said. Similarly, the median market capitalization will increase by 38.8% from $578 million at this point last year to $802 million. 

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These are preliminary lists and any updates will be posted June 18 and 25. The final membership lists for the Russell 3000, Russell 2000 Index, and Russell 1000 Index will be posted June 28. 

These lists of U.S. companies, as well as lists of additions and deletions for the Russell Global Index, are available here.

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