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Participation Rates Slip in Fidelity Survey
Fidelity Investments’ latest study of its defined contribution clients showed that corporate DC employees overall are on track to have an income replacement of just 17%.
Fidelity Launches Income Replacement Calculator
Fidelity Investments has released a diagnostic tool that allows employers to measure the effectiveness of their plans’ usage of automatic features in providing retirement income to employees.
OneAmerica Acquires 403(b) Participants from Transamerica
OneAmerica Financial Partners, Inc. purchased a block of 403(b) business from Transamerica Life Insurance Company, increasing the number of plan participants with the Indiana-based company by more than...
Provider Benchmarking Requires Organization and Coordination
In order to complete a thorough benchmarking study of a retirement plan provider, it is vital that an adviser first understand a company’s culture and what the plan...
SurePayroll Unveils Online 401(k) Product
Payroll provider SurePayroll has come out with an online 401(k) program for small business employers.
SEC Proposes INVESCO Market Timing Distribution
The Securities and Exchange Commission (SEC) has filed a proposed plan to distribute money in a Fair Fund as part of the agency’s market timing case against INVESCO...
Yanks a Lot
For years, football’s Dallas Cowboys called themselves “America’s Team″, but baseball has long regarded itself as the nation’s national pastime.
UBOC Unveils Financial Planning Workshops
Union Bank of California is introducing a new benefit for its SelectBenefit retirement plan sponsor clients and plan participants.
Bringing a PPA Fiduciary Adviser to a Retirement Plan
Suggesting that many retirement plan advisers will become fiduciary advisers under the Pension Protection Act (PPA), attorney Fred Reish, Partner at Reish Luftman Reicher & Cohen, said plan...
Exelon Fee Case Receives Class Action Status
Just days after the dismissal of a similar case in a different jurisdiction, a federal judge has agreed that an excessive fee suit against Exelon Corp. can move...
Security Benefit Reaches Deal to Acquire Rydex
Security Benefit on Thursday announced the signing of a definitive purchase agreement to acquire Rydex Investments.
Financial Services Benefits Offered By Less than Half of Employers in 2007
Although benefits offered by employers remained mostly the same in 2007 as in 2006, there was a slight decrease in the number of organizations that offered financial services...
IMHO: Fighting Words
“[T]he complaint is a rambling 38 page collection long on legal argument, public policy rhetoric and repetition, but vague in its allegations of facts which might be relevant...
IMHO: Fighting Words
“[T]he complaint is a rambling 38 page collection long on legal argument, public policy rhetoric and repetition, but vague in its allegations of facts which might be relevant...
Deere and Fidelity Fee Lawsuit Thrown Out
Plan sponsors and providers won a battle in the ongoing legal war over retirement plan fees last week when a federal judge in Wisconsin threw out suit brought...
Online 401(k) Links With Payroll Provider
The Online 401(k) has joined forces with Expedition Payroll to allow the payroll provider to offer integrated 401(k) and payroll packages.
Lowest Fund Fees in 25 Years, But Not for Funds-of-Funds
Investors in stock funds last year reportedly paid the lowest fees in more than a quarter century, thanks to preferences for lower-cost funds and increased competition among fund...
Professional Advice Calms Anxiety about Retirement
Those who have consulted a financial professional about retirement planning are much more likely to say they are comfortable or confident about retirement than those who have not...
Census Report Could Clue Advisers in to Opportunities
A report released by the U.S. Census Bureau on Wednesday provides information on new businesses and payroll that may aid advisers in finding new clients.