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New York Life Adds Retirement Sales Executive
New York Life Retirement Plan Services has added Ivette Dominguez to its sales team.
ESOP Trustee Cleared of ERISA Wrongdoing
The trustee of an employee stock ownership plan (ESOP) acted in good faith when it determined the fair market value of company stock, so it did not violate...
Invesco Launches Balanced-Risk Commodity Strategy
Invesco’s Global Asset Allocation team has now launched, and recently been awarded its first mandate in, its Balanced-Risk Commodity strategy.
Employer not Required to do Hardship Withdrawal Disclosure
The Bank of America Corp. (BofA) was under no obligation to provide detailed disclosures about its 401(k) plan hardship withdrawals.
MetLife Finds Americans Not Prepared for Retirement
The newly released "MetLife Retirement Readiness Index: Are Americans Prepared for the Transition?" indicates that pre-retirees haven’t taken necessary steps to prepare for retirement.
Investors Turn to U.S. Equities in Face of Eurozone Concerns
Investors have sought refuge in U.S. markets in the week that eurozone states delivered a financial package to allay sovereign debt concerns, according to the BofA Merrill Lynch...
The Standard Announces Sales Leader for the Southwest
The Standard has announced the appointment of Niki Green as regional pension manager.
Social(k) to Open West Coast Branch
Social(k) is scheduled to open an office in San Francisco on May 27.
Putnam Gives Plan Sponsors Enhanced Fee Transparency
As part of its redesigned plan sponsor Web site to be launched next month, Putnam Investments has introduced a real-time fee disclosure tool.
CUNA Mutual Group Offers Synapses Participant Profiles
Synapses Inc., a provider of 401(k) education, products, and services, is supplying its Sponsor Profile tool to Madison, Wisconsin-based CUNA Mutual Group for use with CUNA’s 401(k) clients.
Smart401k Announces New CEO
Scott Holsopple will assume the position of chief executive officer of Smart401k immediately.
Neuberger Berman Launches Intrinsic Value Fund
Neuberger Berman has launched the Intrinsic Value Fund (NINLX, NINAX, NINCX), based on the investment strategy of the firm’s Small Cap Intrinsic Value team.
Acquisition Moves Loring Ward Into Retirement Arena
May 7, 2010 (PLANSPONSOR.com) - Loring Ward has signed an agreement to acquire the assets and retirement services of Tribeca Advisors, LLC.
Solis Files Brief in Support of 'Surcharge' for Fiduciary Breaches
Secretary of Labor Hilda L. Solis filed an amicus curiae brief with the 4th U.S. Circuit Court of Appeals supporting the remedy of awarding plan participants a “surcharge”...
DoL: No 404(c) Safe Harbor in Fiduciary Breach Case
Secretary of Labor Hilda L. Solis has warned a federal appellate court that protections for plan participants could be harmed if it does not overturn a lower court...
ERISA Industry Council to Investigate Retirement Plan Disparities for Minorities, Women
Research has illustrated that women and minorities lag in retirement savings—and now the government is looking into what, if anything, should be done about it.
ERISA Advisory Council to Review Audit Rules and Financial Reporting Model
The 2010 ERISA Advisory Council will study whether the audit requirement and financial reporting model contained in the Employee Retirement Income Security Act (ERISA) §§ 103 and 104...
TD AMERITRADE Institutional Launches Advisory Firm Valuation Tool
Independent registered investment advisers (RIAs) who custody assets with TD AMERITRADE Institutional now have access to the Valuation Analyzer, an online tool to help advisers estimate their firm’s...
Dow Jones Adds to Required Business Performance Indexes
Dow Jones Indexes has announced the addition of four new indexes to its family of Dow Jones RBP Indexes.