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DoL Brings Fiduciary Series to Web
Plan fiduciaries looking for insights about their responsibilities can now get that information from the Labor Department without leaving their desks.
Barclays Still Entertaining Suitors for iShares
Barclays Plc and CVC Capital Partners may have already agreed to a $4.4-billion deal for Barclays’ iShares funds business, but Barclays apparently is still entertaining offers, according to...
Workers Find Career Happiness Post-Retirement
A study from the AARP Public Policy Institute found a number of older employees trade income and status for happiness in a late-life career change.
Cash Balance Plans Gain Speed in Fortune 100
For the first time, the majority of Fortune 100 companies now offer new salaried employees only a defined contribution (DC) plan, such as a 401(k), according to a...
ING Announces Intent to be 403(b) Prototype Plan Provider
ING U.S. Retirement Services (ING) notified the IRS of its intention to file an opinion letter application as a Section 403(b) prototype plan sponsor.
Charles Schwab Report Addresses CRM Systems
Charles Schwab released a report outlining best practices for planning, selecting, and implementing customer relationship management (CRM) systems for independent investment advisers.
CMC Interactive Launches Outsourcing Service for 401(k) Providers
CMC Interactive added outsourcing services, including registered investment advisory (RIA) services, for firms servicing qualified retirement plans.
Paper Company Cuts Match
Among a series of cost-cutting measures, Verso Paper Corp. announced a suspension of the company’s 401(k) match.
IMHO: Poll Positions
There was an intriguing survey on target-date investing published last week, but one that, IMHO, generates as many questions as answers.
Milwaukee Musicians See 401(k) Match Suspended
Milwaukee Symphony Orchestra has suspended its 401(k) match until August 31 as part of a broader cost-cutting move.
Hotel Chain Checks Out of 401(k) Match
Interstate Hotels and Resorts, an Arlington, Virginia hotel owner and manager, has suspended its 401(k) match and contribution to its non-qualified deferred compensation plan for 2009.
Insurance Broker Willis Suspends 401(k) Match, Freezes Pension
Global insurance broker Willis Group holdings has put its 401(k) match on hold for 2009.
Schapiro Plans to Increase SEC Enforcement
Chairman Mary Schapiro today outlined new plans for enforcement of the Securities and Exchange Commission (SEC).
Law Firm Can Proceed With 401(k) Consulting Suit
A federal judge in California has rebuffed demands from JP Morgan Chase and Co. that it dismiss a lawsuit alleging mistakes that could imperil the tax-favored status of...
Calif. Transportation Firm Suspends 401(k) Match
A California transportation, freight, and logistics company has become the latest employer to suspend its 401(k) match.
Considerations for Retiring Abroad
If a client wants to retire abroad, it is not as easy as packing a suitcase.
Are Headlines Disrupting Your Business?
Surveyed advisers agreed that legislation and ongoing industry scandals are a threat to restoring revenues.
GM Single-Equity Suit Falls
A group of General Motors defined contribution plan participants cannot proceed with their lawsuit claiming GM had improperly included undiversified single-equity funds in its plans.
Mercer Expands DC Services Distribution Team
Mercer announced the addition of six new hires to support the expanded distribution of its defined contribution (DC) administration services to plan sponsors with 500 or more employees.
Pension Plan Sponsors Move toward Plan Termination
Aon Consulting found that many companies with frozen pensions intend to make investment strategy changes to cut corporate pension expense volatility and put themselves one step closer to...