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First Mercantile Names Regional Sales Director for Southeast
Scott Gardner joined First Mercantile's national sales team effective today as regional sales director for its Southeast region, the company announced.
Great-West Names Sales Director for Texas, Louisiana
Great-West Retirement Services has appointed Scott Sitzes as regional sales director.
Court Rules Wal-Mart 401(k) Suit Requires Further Discussion
The 8th U.S. Circuit Court of Appeals has vacated a district court's dismissal of a suit alleging Wal-Mart Stores, Inc. breached its fiduciary duties to 401(k) participants by...
Study: Plan Design Key to Race Equality in 401(k)s
A new analysis from the Center for Retirement Research at Boston College suggests the best way to boost 401(k) saving among minorities is to improve plan design and...
Wilens to Assume Fidelity Retirement Unit Post
Family health problems have prompted an executive in Fidelity Investments’ workplace investing client management group to take a leave of absence starting at the end of the year,...
T. Rowe Reaffirms Target-Date Strategy
Target-date funds with high equity allocation at retirement have come under fire lately, but T. Rowe Price is sticking with its strategy.
Vanguard Introduces 7 Bond Index Funds
Vanguard has introduced seven bond index funds with ETF shares featuring expense ratios of 0.15%.
Fiduciary Benchmarks Helps Evaluate Participant Retirement Preparedness
Fiduciary Benchmarks and Bdellium, designer of quantitative evaluation systems, have launched the Retirement Readiness Index (RRI) for 20,000 retirement plans.
Americans Vow to Improve Finances in 2010
With Hispanic and black Americans leading the way, surveyed consumers resolve to save and invest more in the New Year.
Putnam Names Three to DC Sales Posts
Putnam Investments has named Alan Dumas, John Leeson, and Chris Doucet to sales posts on its defined contribution team.
Wells Fargo Agrees to $1.4M Buyback of ARS
California Attorney General Edmund G. Brown Jr. announced a $1.4-billion settlement with three Wells Fargo affiliates to pay back investors, charities, and small businesses that purchased auction-rate securities...
FINRA Fines MetLife $1.2M for Failing to Supervise Brokers’ E-mail
The Financial Industry Regulatory Authority (FINRA) said that supervisory failures at MetLife Securities allowed two brokers to engage in undisclosed outside business activities that cost clients millions of...
MG Advisory Services Adds Plan Proposals to RetireTool(k)it
MG Advisory Services, LLC, a provider of products and services to financial advisers, broker/dealers, and TPAs, has expanded its RetireTool(k)it product to include plan proposals explaining the open-architecture...
CPI Opens Consulting Office Serving Mich., Wis.
CPI Qualified Plan Consultants, Inc., said that Ken Boivin will serve as retirement plan consultant in the firm’s newly created Grafton, Wisconsin, office.
Herchenbach Tapped for Mutual of Omaha Retirement Post
Scott Herchenbach has been promoted to senior vice president, Retirement Plans Division, Mutual of Omaha announced.
Women Feel Behind in Investment Knowledge
Women feel less confident than men in their investment knowledge—but the financial crisis has motivated some to seek out more information, according to a Scottrade poll.
Guardian Adds CIFs in Plan Management
November 10, 2009 (PLANSPONSOR.com) – The Guardian Insurance & Annuity Company (GIAC) announced that Stadion Money Management, Inc., is introducing collective investment funds to Stadion’s managed account services...
Provider Taps Nell as East Coast Service Head
Pen-Cal, a San Francisco-based plan provider, has turned to Stephen C. Nell as its East Coast managing director.
Wirehouse Movement Slows in October
Brokers are switching firms at a slower pace, and the largest number still go to another wirehouse firm rather than a new advisory channel, according to the Discovery...