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ETF Values Down 0.9% in November
The combined assets of the nation's exchange-traded funds (ETFs) were $478.06 billion in November, down 0.9% from the prior month, according to the Investment Company Institute (ICI).
Federal Judge Allows Ford ESOP Suit to Move Forward
The U.S. District Court for the Eastern District of Michigan has denied a motion to dismiss a case brought by participants of Ford Motor Co.’s employee stock ownership...
House Members Demand 2008 RMD Relief from Bush
A bill signed into law by the president only provides relief from the mandatory distribution regulations for 2009.
IRS Permits More Frequent Investment Changes for 529 Plans
The Internal Revenue Service (IRS) will allow investments in a Section 529 program to be changed on a more frequent basis in 2009.
Companies Move toward Faster Eligibility for Retirement Plans
Profit Sharing/401k Council of America (PSCA) research shows a dramatic change over time to employee eligibility requirements for company-sponsored retirement plans.
Joint Life Expectancy: A Better Methodology for Retirement Distribution?
While past research has often focused on a fixed distribution period for retirement income, using a joint life expectancy might better address the primary goal of retirees to...
U.S. Retirement Assets Steady in Q2
American savers held $16.9 trillion in retirement assets at the end of the second quarter of 2008, accounting for nearly 36% of all U.S. household financial assets according...
Financial Services Shifts Shake Up S&P 500
There’s been a lot of change in the financial services sector – change that will shortly be reflected in a major U.S. stock index.
Starbucks 401(k) Match Goes Discretionary
If the giant coffee retailer decides to fund a 2009 match, it may be at a different rate than currently used.
South Carolina Company Joins Those Suspending Match
Kemet Corp., a South Carolina company that makes capacitors for electronics products, has joined the ranks of those companies making compensation and benefits changes to offset the effects...
Unisys Cuts 401(k) Match
Unisys Corporation is suspending its 401(k) plan matching contribution to save $50 million annually as part of a series of cost-cutting moves designed to slash its expenses by...
Retirees Consider Reallocating Assets
In wake of the market decline, a new MetLife study found that 42% of retirees surveyed are considering reallocating their assets to products that may provide a higher...
Bush Signs RMD, Pension Relief into Law
President George W. Bush on Tuesday signed into law a broad pension relief bill that includes a one-year moratorium on required minimum distribution (RMD) rules.
How Does Your Program Stack Up?
Ever wonder how your DC plan clients' plan measures up against comparable plans?
Fiduciary Support Fuels Consulting Demand
Most advisers in the small to mid-sized market say that increasing sponsor concerns about revenue sharing and fiduciary duties are fueling consulting demand, according to Cerulli Associates.
UMA Success Relies on Advisers
Fee-based advisers play a crucial role in determining the success of next-generation managed account solutions, such as unified managed account (UMA) programs, according to Cerulli Associates.
Target-Date Funds Poised for Growth
Cerulli Associates says asset managers will look toward more progressive approaches with target-date funds in the next year.
Austin Ventures Acquires Asset International
Asset International, the parent company of PLANSPONSOR, PLANADVISER, and Global Custodian, has been acquired by Austin Ventures, a venture capital and growth equity firm with $3.9 billion of...
Schwab Announces Papers for Independent Advisers
Charles Schwab will start off the first quarter of 2009 with three new reports to provide practice management guidance to advisers.