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Swing and a Miss…
No matter what industry you’re in, no one can hold the #1 spot forever.
Asset Management Margins Down Slightly
Based on the earnings results of publicly-traded asset managers, kasina found that the first quarter of 2011 witnessed a slight drop in asset manager margins despite growth in...
EBRI Analyzes Retirement Income Adequacy of Annuities
Research from the Employee Benefit Research Institute (EBRI) finds that immediate annuities or longevity annuities would be effective at reaching desired income adequacy targets, especially for lower-income retirees.
Fidelity Launches Global High Income Fund
Fidelity Investments is rolling out its first fund in the global high-yield category, the Fidelity Global High Income Fund.
Report Shows Affect of Plan Leakage on Retirement Savings
An Aon Hewitt report highlights how loans, hardship withdrawals, and cashouts can be detrimental to retirement savings.
Sponsors and Employees Diverge on Post-Retirement Roles
In its 2011 Defined Contribution Survey, BlackRock asked plan sponsors and participants to describe the allocation of responsibility they see in retirement plans.
Legislation Addresses Retirement Plan Loan Issues
Workers will be limited in tapping their 401(k) retirement plans for loans under legislation introduced by Senators Herb Kohl (D-WI) and Mike Enzi (R-WY).
RIA Client Lists Continue to Grow
In its quarterly Sentiment Survey of registered investment advisers (RIAs), TD Ameritrade found 73% of respondents said business has grown in the last six months.
Responsible People Save Responsibly
Conscientious and generally responsible Americans save more for retirement than others, according to researchers at the University of Michigan Retirement Research Center.
USI Hires DC Consultant
USI Consulting Group announced Michael W. Fischer has joined the company as a Defined Contribution Consultant, based in New York City.
Baden Retirement Plan Services Appoints New Sales Manager
Baden Retirement Plan Services, a third party administration firm, has appointed Brian Smith as Sales Manager.
DC Plan Participants Investing in More Funds
On average, defined contribution plan participants include 5.3 funds in their accounts in 2011 - nearly double what they had in 1996, according to a Spectrem study.
Duke Energy Settles Cash Balance Suit for $30M
A federal judge in South Carolina approved a $30 million settlement against Duke Energy over its conversion to a cash balance retirement plan.
Auto Enroll Default Should be Increased, Principal Reports
The Principal Financial Group found that plans who start auto-enrollment at a 3% deferral rate have a lower average deferral rate than plans without an automatic enrollment feature.
Automated Programs Lead to Improved 401(k) Results
Bank of America Merrill Lynch’s Retirement & Benefit Plan Services quarterly report on plan participant contribution activities found many plan sponsors are using a combination of automated and...
U.S. Stock ETFs Bounce Back in April
Inflows for U.S. exchange-traded funds (ETFs) accelerated to $23.3 billion in April after reaching just $6.9 billion in March.
Taxable-Bond Funds Top Flows in April
Long-term mutual funds saw inflows of $23.9 billion in April, which trailed March’s $27.0 billion, according to data from Morningstar.
Non-Qualified Exec Benefits Popular for Restoring Lost Savings
The fifth annual MullinTBG-PLANSPONSOR Executive Benefits Survey shows companies are using nonqualified deferred compensation plans (NQDCPs) as a valuable tool for restoring weakened retirement savings.
Report Says Small Businesses Fueling Cash Balance Boom
A cash balance plan consultant says that cash balance programs are the fastest growing sector of the retirement plan market.
Examining the Impact of ETFs on Investment Strategy
At the ETF & Indexing Investments USA 2011 Conference in New York City this week, panelists discussed the pros and cons of the “democratization” of exchange-traded funds (ETFs)....