Forty-one percent of defined contribution assets are controlled by consultants, with the majority of these assets in large plans with more than $500 million in assets, according to Cerulli Associates.
Tag: Defined contribution
Somewhere in the course of your professional life, you have no doubt heard (or used) the expression about what happens when you assume1.
The Hartford Financial Services Group, Inc,. has appointed J. Michael Shamburger as national sales manager for corporate retirement programs in its Retirement Plans Group (RPG).
A South Carolina hospital is restructuring its retirement savings program, including a freeze on its current defined benefit plan.
Forty-two percent of corporate finance executives said they are very likely to limit high-risk investments for their defined contribution plans, according to a poll by CFO Research Services in collaboration with Prudential Financial.
Small-business employers looking for basic guidance about the array of workplace retirement plans from which they can choose can now get their questions answered at a new federal Web site.
U.S. District Judge Deborah K. Chasanow has sentenced Alan Neal Mates of Weston, Florida, to a year and a day in prison followed by three years of supervised release for conspiracy to commit money laundering.
Northern Trust announced that Anthony Wilkins has been named global head of Defined Contribution Sales and Service for its asset management arm, Northern Trust Global Investments (NTGI).
PAi debuted EZ-Illustrator, a tool designed to help financial advisers determine whether their clients are a good match for a comparability profit-sharing plan.
Federal tax officials have put out a final rule (TD 9459) allowing government plans carrying out 401(a)(9) required minimum distributions to prove their compliance with a reasonable and good faith standard.
After six consecutive quarters of losses, the Callan DC Index posted a gain of 12.26% in the second quarter of 2009.
House Republican Leader John Boehner (R-Ohio) on Saturday threw his support behind President Barack Obama’s announcement of initiatives to help Americans increase their personal savings.
PenChecks is offering a new service to help sponsors carry out mandatory distributions into an IRA.
The majority (54%) of surveyed employees reported satisfaction with their company’s retirement program.
A federal judge in Los Angeles has preliminarily approved a $55-million settlement between Bank of America (BofA) and former employees of Countrywide Financial Corp.
Large U.S. companies have made changes to the investment lineups of their defined contribution (DC) plans, according to Watson Wyatt.
Plan sponsors might want to prepare for the possibility of retirement plan limits dropping for 2010, Mercer said.
10 Things You’re (Probably) Doing Wrong—or Not Doing Right—as a Plan Fiduciary (continued).
The U.S. Department of Labor has sued defunct Vinyl-Mark Products Inc. of Hueytown, Alabama, and the company's pension and profit-sharing plan trustees for allegedly misusing plan assets to pay the operating expenses of the company.
The number of employers planning to reinstate a matching contribution to 401(k) plans has increased in the past two months, according to the latest research from Watson Wyatt.