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Hartford Adds Funeral, Estate Planning to Insurance Offering
The Hartford Financial Services Group, Inc., has made funeral planning benefits available to workers at no additional cost through employers that add group life insurance coverage to their...
Defunct 401(k) Plan to Restore Plan Benefits
The U.S. Department of Labor obtained court judgments ordering that $97,317 in benefits be restored to the 401(k) retirement fund of now-defunct Triangle Laboratories.
Private College in Georgia Cuts 403(b) Match
Covenant College in Georgia ceased making matching contributions to employees' 403(b) retirement accounts.
Charles Schwab Launches Performance Management Tools for Advisers
To help independent investment advisory firms maximize employee efficiency and productivity, Charles Schwab announced a series of performance management tools for advisers available through its Human Capital offering.
Amcore Cuts Match, Pay, President
Rockford, Illinois-based Amcore Financial is cutting its 401(k) match, executive pay—and a couple of executives.
Bill Would Waive Some 401(k) Withdrawal Penalties
Under proposed legislation, participants undergoing specific financial hardships would get some relief on 401(k) penalties.
Barclays Reportedly Considering Broader BGI Deal
While considering selling its iShares unit to the CVC Capital Partners Group equity firm, Barclays has also received inquiries from other possible suitors for its Barclays Global Investors...
Retiree Health Care Waiver not Taxable Income
The Internal Revenue Service (IRS) ruled that an arrangement under which employees could give up the right to get retiree health benefits in exchange for a higher future...
NY Red Cross Drops 401(k) Match
The American Red Cross of Greater New York has joined the list of firms dropping or suspending 401(k) matches because of the economic downturn.
Baby Boomers Must 'ReDesign'
Two financial professionals have written a paper and designed a Web site for Baby Boomers planning to recoup their losses in their retirement plans.
Advisers Look to Add Clients, Cut Expenses
Securities America said a survey of its advisers showed they are proactive during these challenging times.
Russell Launches New Global Business Lines
Russell Investments created five new global service lines: Consulting and Advisory Services, DB/DC Outsourcing, OpenWorld, Retail, and Russell Investment Services (RIS).
Americans More Worried about Covering Medical Bills in Retirement
Americans feel less confident about paying for health-related expenses in retirement.
Jury Convicts Former Monster Exec in Options Backdating
A federal court jury in New York has convicted James Treacy, former chief operating officer of employment Web site Monster Worldwide, of defrauding investors through improper stock option...
SEC Proposes Tighter Adviser Custody Rules
The Securities and Exchange Comission (SEC) today proposed tighter rules for investment advisers who custody assets.
Fund Firm Commentary for Advisers Varies
Many mutual fund firms provide advisers with commentary, but not all of them have jumped on board with new media endeavors.
Tenn. Employer Changes Match to Encourage Deferrals
The CDE Lightband Power Board approved a new plan for the Clarksville, Tennessee-based company to rework its retirement savings plan match.
RSI to Charge $24 for Rollover Services
Rollover provider RolloverSystems Inc. (RSI) is cutting the annual fee it charges for IRA's in response to continued economic pressures on working Americans.
TPAs Combine to Provide Public Education 403(b) Plan Services
CPI Qualified Plan Consultants, a Great Bend, Kansas-based third-party administrator (TPA) and recordkeeper, agreed to acquire Gatekeeper Administration&Consulting, a Flagstaff, Arizona-based TPA specializing in the education industry.
DC Plans Saw Widespread Equity Losses in Q109
Mercer’s first-quarter 2009 Defined Contribution Universe Summary found losses in all equity markets during the period.