Tag: Recordkeepers

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

It is the latest recordkeeper to waive fees because of the coronavirus pandemic.

COVID-19-related distributions will be capped at $100,000 with no mandatory tax withholding requirements and the ability to repay them.

The recordkeeper is making the move in response to the CARES Act.

The firm is also offering free fiduciary and wellness services to employers.

Advisers can guide their sponsor clients towards the assistance that TPAs and recordkeepers can provide.

Fee compression hit recordkeepers first, then asset managers. Advisers are next, experts agree, but they can learn some important lessons from their service provider partners.

“These digital and service model investments support our efforts to bring the best from both organizations to provide unparalleled value to participants, clients, advisers and consultants,” says Renee...

The audit service provides an in-depth assessment of the digital user experience offered by retirement plan recordkeepers to plan sponsors.