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SPARK Institute Opposes Fee Disclosure Legislation
The SPARK Institute has expressed its opposition to the defined contribution plan fee disclosure provision in the American Jobs and Closing Tax Loopholes Act (H.R. 4213).
PenChecks Unveils New Web Site
PenChecks, Inc.'s new Web site is designed to make it easier for retirement plan providers, plan advisers, third-party administrators (TPAs), and plan sponsors to find information about complex...
SunTrust Adds Guaranteed Income Option to 401(k) Offering
SunTrust Banks has added a guaranteed lifetime income investment option, ClearCourse, to its institutional 401(k) investment platform.
Pershing Offers Global Investing Resources to B/Ds and RIAs
Pershing LLC, a BNY Mellon company, has launched an educational initiative about international investing to help its introducing broker/dealer (IBD) and independent registered investment adviser (RIA) customers capitalize...
California Pension Plan Puts Out RFP for Consultants
The Tulare County Employees Retirement Association (TCERA) in California is accepting proposals from firms to provide investment consulting, monitoring, and advice services for the $924-million defined benefit public...
IRI: Annuity Buyers Flock to Lifetime Income Guarantees
More than 81% of variable annuity purchasers opted for a lifetime guarantee of income in the first quarter, according to a survey by an insurance trade group.
Lowe Gets SSgA Global Equities Post
State Street Global Advisors (SSgA) has tapped Alistair "Ali" Lowe as global equities chief investment officer.
ING Adds Hart to TPA Team
Steven Hart has joined the Third Party Administrator (TPA) Sales and Support Strategy team for ING U.S. Retirement Services.
Gallagher Releases Fiduciary Risk Mitigation Process Manual
Gallagher Retirement Services has released its 2010 editions of its Fiduciary Risk Mitigation Process Manual.
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...
Many Midwesterners Lack Confidence in Ability to Retire
Those in America’s Heartland expect economic conditions to improve in the near-term future but remain concerned about their long-term financial security.
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.
Vanguard Adds Fund to Target-Date Lineup
Vanguard is expanding its 11-fund target-date series with a new fund for investors who plan to retire and leave the work force in or within a few years...
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...
Most RIAs Lack Formal Succession Plan
While most surveyed registered investment advisers (RIAs) said succession planning is important to their clients, less than half of RIAs have a formal plan.
BofA Merrill Revitalizes Recordkeeping Platform
Bank of America Merrill Lynch has enhanced and renamed its small business retirement plan platform, MLConnect, to” more closely align with small business owners’ evolving challenges and priorities.”
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.
AARP Finds Most Employers not Embracing Auto-Enrollment
While they are familiar with automatic enrollment, most large employers surveyed by AARP aren’t implementing it.
How Much Help Are Defaulted Participants Getting?
New research indicates employers could do more to help defaulted participants adequately save for retirement.