Tag: Recordkeepers

The CEO of the nation’s No. 2 recordkeeper says Empower’s focus will continue to be on a best-in-class user experience.

It can cull data for advisers, banks, credit unions, insurance firms and other institutions to give an overview of a person’s defined contribution plan holdings.

Empower will acquire Prudential’s DC, DB, non-qualified and rollover IRA business, in addition to its stable value and separate account investment products and platforms.

Over the past decade, the universe of retirement plan recordkeepers has contracted from about 400 to approximately 150, with no...

After reviewing a decision in an ERISA lawsuit against Banner Health, the 10th Circuit also found no reason to order...

The firm is getting out of the retail annuity business and focusing on its retirement and asset management businesses, including initiatives to improve the participant experience. 

The firm also intends to sell the Aon Retiree Health Exchange business to Alight, at least in part to head off potential antitrust concerns associated with its ongoing...

Resources continues to expand its proprietary advice solution across multiple recordkeeping platforms.

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.