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Software Firm Enhances Fiduciary Governance Tool
FCRC Apps, LLC, a software development firm, has announced the release of version 2.0 of its Web-based application, eFiduciary.net.
Advisers Increasingly Turn to Alternative Investments
The majority of financial advisers are looking to alternative investments as a way to diversify their portfolios, believing that traditional stocks, bonds and cash do not provide adequate...
Principal R/E Fund Makes a Distribution
Sixteen months after imposing a withdrawal freeze, the Principal has made a partial distribution to participants.
IMHO: Projection Screen?
More than the subtleties of the law, the nuances of crafting a cogent legal brief, and the humiliations that often accompany the public exercise of the Socratic method, the...
ING Program to Help Advisers, TPAs Build Businesses
ING’s U.S. Retirement Services business has unveiled a business-building program for advisers, consultants, and third-party administrators (TPA) for small- and mid-sized corporate retirement plans.
Court Allows Beneficiary Switch for Annuity Contracts
A federal judge in Pennsylvania has ruled that a participant in TIAA-CREF annuity contracts met the requirements to change his beneficiary from his ex-wife to his long-time friend.
Participants Not Due Additional Benefits Based on Defective SPD
A federal court has ruled that cash balance plan participants are not due additional benefits because a summary plan description (SPD) failed to inform them of an offset...
WisdomTree to Close 10 ETFs
WisdomTree plans to close 10 of its exchange-traded funds (ETFs).
SEC Adopts New Rules for Money Market Funds
The Securities and Exchange Commission (SEC) has adopted new rules to better protect money market fund investors.
SEC Draws Attention to Climate Change Reporting
The Securities and Exchange Commission (SEC) hasn’t taken a position on climate change—but it has offered some new guidance on how firms should take that potential into account...
Kraft Excessive Fee Case Thrown Out
A federal judge in Illinois has turned away allegations by 401(k) participants at Kraft Foods Global that recordkeeping fees paid to Hewitt Associates were too high and the...
Recession Has Taken Toll on Employee Retirement and Benefits
More than half (52%) of respondents to a Towers Watson survey said the percentage of their employees working past their desired retirement age is higher than it was...
Ascensus Names VP for Rocky Mountain Region
Ascensus has bolstered its sales force with an additional Regional Vice President, Josh Haynes, who will focus on the company’s "Rocky Mountain" territory.
DoL Releases Form 5500 Info on Benefit Plans
The U.S. Department of Labor's Employee Benefits Security Administration has released to the public online datasets of Form 5500 annual report/returns for approximately 800,000 retirement, health, and other...
Neuberger Berman Settles in Revenue Sharing Case
A federal court judge has given preliminary approval to a partial settlement in a lawsuit accusing Hartford Life Insurance Co. and Neuberger Berman Management of entering into revenue...
Law Firm Probes Potential Motorola Stock Drop Case
A Pennsylvania law firm has announced it is investigating potential claims against Motorola Inc. in regards to company stock in its 401(k) plan and employee stock purchase plan.
If You Want to Get Hacked, Try These Passwords
If your password is “123456,” you might as well leave an electronic key under the doormat with a promise to feed hackers cookies and milk once they break...
Personalized Communication Helps Participants Maintain Savings Rate
Securian said participants who received a personalized Annual Checkup on their quarterly statements measuring the adequacy of their deferral rates are setting aside the same amount or more...
Transamerica to Lower Price for Flexible Income Fund
Transamerica Asset Management Group announced it is lowering the expense ratio of its Transamerica Flexible Income fund.
Goldman to Depart from Fidelity
Charles Goldman, who joined Fidelity from Charles Schwab about a year ago, plans to leave the company at the end of March, according to news reports.