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Ascensus to Offer Health Care Industry Plans
Ascensus announced it has partnered with ENT Resources Inc. (ENTRI), the for-profit subsidiary of the American Academy of Otolaryngology-Head and Neck Surgery to deliver retirement plans to the...
IRS Provides Relief to Storm-Affected Employers
The Internal Revenue Service is providing administrative relief for sponsors of defined contribution plans that were affected by the storms and other severe weather in several states.
Merrill Edge Enters Online Trading Fray
Bank of America Merrill Lynch plans to launch a discount online brokerage aimed at young and new investors on Monday, according to published reports.
GASB Proposal: Pension Underfunding Reported as Liability
Governments would have to report as a liability on their accrual-based financial statements the unfunded portion of their pension plan under a new proposal.
FRC to Supply Financial Adviser Research
June 17, 2010 - Standard & Poor’s, and market research firm Financial Research Corporation (FRC) have entered into a content licensing and distribution agreement under which FRC will...
Kohl Senate Panel Eyes Lifetime Income Options
U.S. Senator Herb Kohl, (D-Wisconsin) Chairman of the Special Committee on Aging, held a hearing Wednesday about lifetime income options in retirement plans.
Janney Adds Five to Fixed Income Group
Janney Montgomery Scott is further beefing up its fixed income team with the addition of five new hires, the company announced.
Alliant Tagged for Pre-PPA Whipsaw Calculation
Alliant Energy Corp. improperly used a 30-year Treasury rate for whipsaw calculations for lump-sum distributions from its cash balance plan to employees younger than the retirement age, a...
Jackson Lewis Opens Milwaukee Office
Workplace law firm Jackson Lewis has opened its 46th office in Milwaukee, Wisconsin.
Vanguard Brings in Wellington to International Explorer Fund
The board of trustees of Vanguard International Explorer Fund has approved adoption of a multimanager structure and the addition of Wellington Management Company, LLP, to the fund’s investment...
Employer not Obligated to Make Discretionary 401(k) Match
A federal judge in Washington, D.C., has thrown out a lawsuit by a 401(k) participant alleging, among other things, that his former employer failed to make a matching...
Oregon Law Firm Expands ERISA Practice
Portland, Oregon-based law firm Schwabe, Williamson & Wyatt has added Wally Miller as a shareholder as part of an expansion of its practice in employment law.
Data Indicates 401(k) Plan Sponsors on the Move to New Providers
Continuing the trend since the third quarter of 2008, new data from LIMRA found that the percentage of new 401(k) plans sold by leading providers remains lower than...
Small Commutes + Big Houses = Happy Workforces
Depending on your definition of quality of life, Raleigh, North Carolina might be just what the doctor ordered for your small business.
Hartford Announces Three Funds
The Hartford Mutual Funds has unveiled three new offerings: The Hartford Global Real Asset Fund, The Hartford Global All-Asset Fund, and the Hartford International Value Fund.
TPA Uses Brightscope Data for Plan Benchmarking
A New York-based third party administrator (TPA) is offering a new level of benchmarking to plan sponsor clients.
IMHO: Compliance 'Deportment'
Recently, the Internal Revenue Service (IRS) announced that it was sending a questionnaire out to about a thousand 401(k) plan sponsors.
Invesco PowerShares Announces International Corporate Bond Portfolio
Invesco PowerShares plans to list the Powershares International Corporate Bond Portfolio on the NYSE on June 3.
Forward Management Rebrands Accessor Funds
Forward Management, LLC, has announced that Accessor Funds are now the Forward Funds.