Tracking Providers’ Responses to COVID-19

Retirement plan recordkeepers have announced fee cuts, service expansions and more.

From waiving fees to offering additional financial help, retirement plan recordkeepers, third-party administrators (TPAs) and advisers, as well as financial wellness providers are stepping up to assist plan sponsors and employees in a number of ways during the novel coronavirus pandemic. Below is a listing of the latest announcements.

Ascensus Releases Online COVID-19 Resources

 

The Standard Offers Giving Back Opportunity  

 

Lincoln Financial Group Expands Wellness Initiative

 

GoalPath Partners With Questis on Financial Wellness

 

Clients Can Get a Free Trial of SmartDollar Financial Wellness

 

PCS Retirement and Aspire Offer Fee Credits for Loans and Hardship Withdrawals

 

Mutual of Omaha Eliminates Distribution Fees

 

BrightPlan Offers Financial Wellness Platform at No Cost During Pandemic

 

Two West Advisors Launches Virtual Consultation Service

 

Pentegra Waives Coronavirus Amendment Fees

 

MassMutual Offers CARES Act Provisions to Retirement Plan Clients

 

OneAmerica Forgives Hardship Withdrawal Fees

 

Securian Removes COVID-19 and Hardship Withdrawal Fees

 

Nationwide Joins List of Providers Offering CARES Act-Related Help to Participants

 

Transamerica Takes Steps to Help Plan Sponsors, Participants During Coronavirus

 

John Hancock Announces New COVID-19 Fee Policies

 

Principal the Latest Provider to Waive Retirement Plan Transaction Fees

 

Empower Waives Fees for Retirement Plan Loans and Hardship Withdrawals

 

Voya to Credit Transaction Fees Related to CARES Act

 

Newport Drops 3(16) Service Fees for Clients

 

FinFit Waives Fee on Financial Wellness Platform

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