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New Firm Provides Plan Sponsor Data
Pension Analytix, Inc., a marketing and analytical insights firm targeting companies that provide retirement services, has launched Acquisition Engine.
Fidelity Finds DC Participants in for the Long Haul
Data from more than 19,000 defined contribution (DC) plans recordkept at Fidelity investments showed participants “did not initially overreact″ to market volatility.
Newspaper Company Suspends 401(k) Match, Profit-Sharing Contributions
Citing an “extremely tough business climate in 2009,″ Richmond, Virginia-based Media General said it will stop matching employee deferrals to its 401(k) retirement plans starting April 1.
Computer Chip Maker Drops Match
Advanced Micro Devices Inc., a maker of computer chips, said it is suspending its 401(k) match because of a decline in demand for computers.
Miller, Andrews Threaten to Block Advice Regulation
With the ink barely dry on the Department of Labor’s final regulations on investment advice, two Democratic Congressmen have promised to block it.
SBA Offers Resources to Help Small Businesses in Current Economy
The U.S. Small Business Administration is offering entrepreneurs free online training and other resources to assist them in more effectively managing their firms in the current economy.
Hedge Fund Best Practices Study Panels Release Final Reports
Two private-sector study groups have released a finalized version of a series of industry best practices for asset managers and hedge fund investors designed to increase industry accountability...
Cerulli Projects 5.9% Growth in DC Assets
The growing popularity of automatic enrollment in defined contribution plans – and target-date default choices in those plans – should fuel a surge in retirement plan assets, according...
DoL Finalizes Investment Advice Rule
A soon-to-be published rule from the Department of Labor (DoL) adds an exemption for investment advice to the Pension Protection Act (PPA).
Insurance Firm Revamps Web Site
Colonial Surety, an insurance provider specializing in performance bonds, has redesigned its main corporate Web site, the company said.
Saks Suspends 401(k) Match, Drops 1,100 Jobs
Upscale retailer Saks has joined a host of U.S. employers in suspending its 401(k) match as part of a broad $50-million to $60-million cost-cutting campaign that includes axing...
Firm Rolls out Web Site for Pre-Retirees
Convergent Retirement Plan Solutions, LLC, has launched Learning to Retire, an interactive, online learning application designed to help educate near-retirees about the upcoming transition.
Regulators Release Auto-Enroll Info for Small Employers
The U.S. Department of Labor (DoL) and the Internal Revenue Service (IRS) released a new publication to help small employers understand automatic enrollment for 401(k) plans.
Some 401(k)s Show Increase of Withdrawal Requests
While the trend might only affect less than 1% of 401(k) participants, a spike in withdrawal requests and deferral rate decreases to zero percent should still be a...
Grail Advisors To Launch Two Actively Managed ETFs
Grail Advisors has filed a registration statement for two new actively managed exchange-traded funds (ETFs).
Morgan Stanley Reopens Global Infrastructure Fund
Morgan Stanley Investment Management (MSIM) announced that the Morgan Stanley Global Infrastructure Fund has reopened to new U.S. investors.
RSI Publishes Guide for Plans Looking for an Exit Strategy
Rollover platform provider RolloverSystems Inc. has published a best practices guide for plan sponsors who are contemplating a 401(k) plan termination.
403(b)s Could Use Participation Help
403(b) plans are lagging in employee participation and plan features to incent participation, according to research from PLANSPONSOR.
And the Award for Best Online Calculator Goes to…
Research from Corporate Insight graded do-it-yourself retirement-planning calculator tools offered by brokerage firms to assist investors.