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Seligman Adds to ETF Target Fund Offering
Seligman Advisors, Inc. has added two new funds to its TargetHorizon ETF Portfolios offering.
Panel Says "Flaw-ridden" DC Model Needs Help
Current trends are leading to an emerging generation of longer-working individuals forced to become personal
SAR Steps
If you administer a plan with over 100 participants, the deadline is approaching for providing those participants with one of the required documents, a Summary Annual Report (SAR).
Beware the Ides of March
In 44 B.C. a soothsayer advised Julius Caesar to "Beware the Ides of March." It's an admonition that can still apply to 401(k) plan administration today when it...
Are You A Fiduciary?
"Fiduciary" is a word that is generally used in the company of ominous terms like "responsibility" or "liability." But is it a word that describes your role, and...
CFOs Say Auto Enrollment Biggest 401(k) Change after PPA
Nearly four in 10 (38%) of the chief financial officers (CFO) in a recent survey said their firms expected to add 401(k) automatic enrollment programs as a result...
Fidelity Research Launches with Retirement Strategies Perspective
A survey conducted by Towers Perrin immediately following President Bush's signing of the Pension Protection Act (PPA) found more employers are likely to maintain their defined benefit pension...
Retirement Spending Patterns Vary
A recent study, "Spending and Investing in Retirement" by LIMRA and the Society of Actuaries offers insight into how people determine they are ready to retire and how...
Markets, Medicine Dominate Retirement Concerns
A new survey finds that retirees are most concerned about the impact of the investment markets and an unexpected medical issue on their post-career standard of living.
Savings Shortfalls a Target of New Plan Designs
Most employers (80%) consider the company-sponsored defined contribution retirement plan to be the primary vehicle for their employees' retirement income, but almost half (43%) are concerned that their...
NASD Says Former Wachovia Broker Wrongfully Fired for Market Timing
The National Association of Securities Dealers (NASD) handed down a $4.3 million award to a former Wachovia Securities broker who was fired in 2003 amid the firestorm of...
DOL Unwraps New Default Investment Guidelines
On September 26, US Department of Labor (DoL) officials released a proposed safe harbor rule covering retirement plan sponsors who have default investment options for employees entering plans...
ING Agrees to Settlement in Spitzer Fee Suits
ING Group has agreed to pay $33 million to settle lawsuits which allege it took fees in exchange for promoting particular funds in retirement plans and did not...
Court Approves $11M Settlement in Co. Stock Suit
The US District Court for the Southern District of Ohio has approved an $11 million settlement for a class of former employees of Broadwing Inc., which sued the...
Making Amends: Problems and Solutions for Participant Loan Missteps
According to the IRS, one of the common retirement plan administration mistakes relates to plan loan failures and deemed distributions. Advisers can assist their clients in implementing administrative...
Equity Funds Inflow Takes a Leap in August
Some equity fund offerings were comparatively hot in August as investors added a net $4.8 billion to US-based stock mutual funds, up from $738 million the month before,...
World Equity Markets Turn Positive in September
Developed world equity markets gained 1.12% in September 2006, while emerging markets rose 0.38%, according to Standard & Poor's World by Numbers report.
Active Managers Continue to Lag Passive Indices
The latest Standard & Poor's Indices Versus Active Funds Scorecard (SPIVA) results revealed the S&P 500 outperformed 80.3% of actively managed large-cap funds during the third quarter of...
Product Briefs for Week of October 13, 2006
401kDIRECT Network (401kDIRECT, 401kTechTeam, & Pension Retirement Online) has introduced a "TOTAL Solutions Package" that will be available to qualified plans via the Plan's 401k Professional, whether it...
Fund Briefs for Week of October 13, 2006
Putnam Small Cap Value Equity Managed Account has been selected by Merrill Lynch's Global Private Client Investment Management & Guidance for inclusion in the financial services firm's separately...