The Standard Announces New Recordkeeping Solution Aimed at Small Plans
The platform is said to accommodate plan growth without time-consuming conversions.
Tag: Recordkeeping
Vanguard Partners With Retirement Clearinghouse for Auto-Portability Solution
The service is expected to launch for Vanguard's 401(k) plan clients in mid-2022.
Compliance
Suit Over Recordkeeping Fees for PNC Financial’s Retirement Plan Dismissed
A court found that the plaintiffs did not state a plausible claim for breach of fiduciary duties. They have already filed an amended complaint.
Compliance
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Xerox Hit With ERISA Suit Alleging Excessive Fees
The complaint claims participants overpaid millions of dollars to Xerox’s recordkeeper from 2015 through 2021.
New T. Rowe Price/FIS Arrangement to Accelerate Recordkeeping Enhancements
Planned enhancements include recordkeeping modernization, additional retirement income experiences and new financial wellness capabilities, among others.
OneAmerica Launches Simplified Multi-Plan Tool
The feature comes at a time when administering multiple plans at once can be a confusing process for employers with little knowledge of the retirement industry.
JPMorgan Everyday 401(k) Platform Signifies Micro-Market Competition
SS&C Technologies will act as the underlying recordkeeper for the Everyday 401(k) small-business retirement plan solution, which the firm’s leadership says will complement the existing Retirement Link platform backed by Empower.
Infosys to Assume Operations for Vanguard DC Recordkeeping Business
Vanguard says the partnership enables it to modernize its core recordkeeping platform and move faster on redesigning its participant experience.
Prepare to Meet the Needs of the Workforce of the Future
The way in which companies structure their remotely distributed workforces will depend on the financial consequences of the pandemic, the impact on corporate culture and other factors, such as the prevalence of gig work.
Recordkeeping Fee Structure Questioned in KeyCorp ERISA Lawsuit
The regional banking company is accused of breaches of the fiduciary duties of prudence and loyalty.
SBA Launches Hiring and Retainment Tool on Third-Party Providers
SBA's founding principal says search engagements on the vendor platform will start at $25,000, depending on the nature and scope of the plan sponsor’s request.
Sponsors’ Satisfaction With Advisers Remains Relatively High
Ninety-two percent of sponsors work with advisers, but only 70% are ‘very satisfied’ with their relationships.
Judge Dismisses ERISA Lawsuit Against Trader Joe’s
The plaintiffs sued for failing to seek competitive bids for recordkeeping, but admitted to not knowing the amount Trader Joe’s paid in recordkeeping fees.
PCS and Envestnet Pair to Deliver Turnkey Plan Management
Through the new ManagedPlan solution, the PCS Retirement recordkeeping platform will be fully integrated with Envestnet's wealth management platform.
Vestwell Enhances Retirement Plan Platform
The enhanced platform enables advisers, payroll companies and enterprise partners to focus on their core competencies.
Schwab and TD Ameritrade Reveal Mega Merger Plan
The all-stock transaction is valued at approximately $26 billion; while subject to various closing conditions, the deal is expected to close successfully by the middle of next year.
Recordkeeping Fees Under the Microscope
Retirement plans of all sizes are seeing their recordkeeping fee schedules questioned, especially when those fees are expressed as a percentage of assets.
Creative Planning Buys ‘Disruptor’ America’s Best 401k
The deal announced by Creative Planning and America’s Best 401k shows recordkeeper consolidation is not just occurring at the top end of the market.
Principal Reveals Eagerly Awaited Wells Fargo Platform Integration Strategy
Principal is incorporating capabilities from the Wells Fargo Institutional Retirement and Trust platform into its own proprietary recordkeeping system, which will serve Principal and transitioning Wells Fargo customers moving forward.
Wells Fargo and Principal Can Learn From John Hancock-New York Life Deal
The recently finalized acquisition of Wells Fargo’s Retirement and Trust business by Principal Financial Group calls to mind an earlier deal, inked by John Hancock and New York Life.