Tag: Recordkeepers

The recordkeeper and custodial service provider Retirement Revolution named Gary Crane business development officer for the northeast.

 The Centre for Fiduciary Excellence (CEFEX) will expand its assessment guidelines for retirement plan sponsors, financial advisers and recordkeepers.   

 Large plans make up a significant majority of defined contribution (DC) assets.

Bank of America introduced a 401(k) solution from Merrill Edge designed for small businesses.

Assets in target-date funds (TDFs) grew to $380 billion by year-end 2011 and are targeted to reach $1.1 trillion in 2016.  

Folio Institutional and unitZXchange LLC launched a portfolio unitization service. 

Putnam Investments has added three to its adviser-focused defined contribution sales team, and says more hires are to come.

Although advisers have a higher approval rating than recordkeeper relationship managers among mid-market plan sponsors, they have been struggling to keep pace in the small-market, according to Richard Schroder, President...

The realignment of the company’s business into three business lines is an “evolution of the previous structure,” said Christine Marcks, president of Prudential Retirement.

Prudential Retirement has reorganized its business to integrate its product, service and operations teams into three business lines.

Putnam Investments has launched a Web site dedicated to helping advisers better serve their clients.  

Transamerica Retirement Services has launched RetireTrack, a Web-based interactive and customizable retirement savings tools for retirement plan participants. 

Vanguard will offer a bundled 401(k) and profit-sharing plan service for companies with assets of less than $20 million through a partnership with Ascensus.

To empower employers and provide them with actionable information about their plan participants’ retirement readiness, Putnam Investments is making its Lifetime Income Score available more broadly to the...

As part of its strategic focus and growth plans, Transamerica Retirement Services plans to roll out a 3(21) fiduciary service with Mesirow Financial.

Ross Plumberg has been appointed Great-West Retirement Services’ regional 401(k) sales director for Kansas, North Dakota, and South Dakota.

Although regulatory changes to fiduciary responsibilities and disclosures loom on the horizon, plan sponsors of all sizes say that strong fiduciary support services falls low on the list...

The results of the 12th Annual Transamerica Retirement Survey reveal employer confidence is rising and it appears to be translating into a renewed commitment to retirement benefits for...

Lincoln Trust Company is offering a fee disclosure solution that it says goes beyond next year’s regulatory requirements.