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Participants not Fully Reaping Benefits of Market Rebound
Plans in the Callan DC Index underperformed the average comparable (2030) target-date fund last quarter, and the difference in allocations to equity could explain why.
ftwilliam.com Offers Spanish Summary Plan Descriptions
Employee benefits software provider ftwilliam.com has released a Spanish language version of the summary plan description (SPD) for its defined contribution plans.
Fidelity Cuts Fees, Makes Investment Changes for 529 Plans
Fidelity Investments has announced enhancements to its seven state-sponsored 529 College Savings Plans.
John Hancock Updates Retirement Plan Adviser Site
John Hancock Retirement Plan Services (RPS) has launched an enhanced Web site for financial representatives to help them support clients and grow their business.
Transamerica Funds Offer New Institutional Share Class
Transamerica Asset Management Group has introduced a new institutional share class to the Transamerica Funds lineup.
EASi Launches Universal Direct Broker Interface
Equity Administration Solutions, Inc. (EASi), a stock plan management software company, has introduced a Universal Direct Broker Interface (DBI) capability.
OppenheimerFunds Unveils Retirement Tools for Advisers, Sponsors
OppenheimerFunds Retirement Services announced business-building tools for advisers, as well as new tools for plan sponsors to communicate about target-date funds and increase participation rates.
MFS Hires Three for DCI Unit
MFS Investment Management (MFS) has added three new members to its Defined Contribution Investments (DCI) group to focus its sales and relationship management efforts in various DCI market...
FRC Predicts Growth in Use of External Managers
The Financial Research Corporation (FRC) predicts that if the market remains stable and does not go through another crisis within the next five years, sub-advised mutual fund and...
Study: Investment Behavior is Genetic
Investor behavior is largely determined by nature rather than nurture, according to a new study by finance professors at Claremont McKenna College and the University of Washington.
Fidelity Annuity Now Available on FundQuest Platform
Clients of fee-based financial advisers will now have access to the Fidelity Personal Retirement Annuity (FPRA) product because of a new alliance between Fidelity Investments Life Insurance Company...
Great-West Names Sales Director for Texas, Louisiana
Great-West Retirement Services has appointed Scott Sitzes as regional sales director.
SunGard Updates Roth Capabilities on WealthStation
SunGard said it enhanced its Roth IRA analysis capabilities for its Wealth Station wealth management platform in order to accommodate new conversion rules.
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...
PLANSPONSOR Announces Results of 2009 DC Provider Survey
PLANSPONSOR's annual survey of defined contribution plans and ratings of providers finds, among other things, wide use of financial advisers, but also finds that the smaller your plan,...
IMHO: The Benefits of the Doubt
Those who were wondering when—or perhaps if—the issues raised in those revenue-sharing lawsuits would ever actually be tried got a strong, affirmative response last week.
Tyco Stock-Drop Settlement Gets Court OK
A federal judge in New Hampshire has given final approval of a $70.5-million settlement of a stock-drop suit against Tyco International.
Equities Look Good for 2010
The stock market is poised to perform fairly well in 2010, according to portfolio managers at T. Rowe Price.
Principal Unveils Business Insurance Rider
The Principal Financial Group is now offering a business insurance rider on its Universal Life Flex policies.