Tag: Recordkeepers

John James says advisers can use their expertise and experience to advance much-needed discussions about improving retirement policy here in the U.S.

If done properly, a request for proposals can help sponsors stay on par with the most advanced services available in the marketplace at competitive rates.

Ascensus and Empower will take on parts of the 401(k) recordkeeping business, while OneDigital will assume the 401(k) investment advisory business.

The new platform claims to reduce ‘months into minutes’ for RFIs and RFPs.

The services will now be available to Vestwell advisers.

The firm is also offering a 90-day trial period of its managed account solution to retirement plan participants.

Flexible schedules are expected to continue post-pandemic, resulting in better access to coaching for more retirement plan participants.

It enables sponsors to shift their benefits dollars to the retirement plan or to an employee’s student loan servicer.

Consumers spent a collective 1.6 trillion hours on mobile devices during the first half of 2020, with a 220% increase in time spent on business apps.

The Fifth Third retirement plan business comprises more than 475 workplace savings plans populated by approximately 100,000 participants with $6.21 billion in assets.

The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.

The transaction will increase Empower’s participant base to more than 12.2 million people and its retirement services recordkeeping assets to approximately $834 billion administered in approximately 67,000 workplace...

The partnership will focus on the firm’s National Chamber of Commerce Micro Market Solution.

Principal Financial Group acquired Wells Fargo’s institutional retirement and trust businesses in July 2019 and aims to complete the integration...

The break will apply to 401(k) plans that sign up with the company between August 1 and December 31, 2020.

Sales of new plans are expected to decline throughout the rest of 2020, with small plans affected the most.

DCIIA and SPARK surveyed members in early April with regard to the CARES Act and the effects of the coronavirus pandemic.

PAi will incorporate it into its current offerings for small business 401(k) plans and startups