Can the Big Recordkeepers Keep Getting Bigger?
Kevin Barry, president of workplace investing for Fidelity, talks recordkeeping industry consolidation and the need for scale.
Tag: Recordkeeping
SPARK Clears Up Definitions for Retirement Plan Cybersecurity
The SPARK Institute's Data Security Oversight Board (DSOB) worked with definitional examples from national cyber standards, international regulations, state privacy laws, and client contracts and gathered insights from...
Court Rejects City National’s Argument About Damages for Self-Dealing
City National argued that if a District Court had considered certain offsets to the damages award, it would have been clear that the bank never received more compensation...
Recordkeeping Clients of BB&T and SunTrust Wait for More Merger News
The recently-announced merger between BB&T and SunTrust will create the sixth-largest retail banking organization in the U.S.; both firms also have a presence in the DC plan recordkeeping...
Fee Transparency, Custom Defaults on Client Agendas for 2019
Even as the retirement plan industry has evolved in important and significant ways, the manner in which providers present fees...
Sponsors Still Focused on Fund Menu Simplification, Fee Transparency
Speakers at the Best of PSNC 2018 event in Boston said diversification remains incredibly important, but simplifying the fund menu is a win-win for participants and sponsors.
Recordkeeper for 403(b)s With Multiple Providers Updates Platform
The changes streamline the investment, administrative, operational and communication processes for 403(b) participants, plan sponsors and advisers, says IPX.
Different Flavors of Fee Levelization
As one of the first steps of pursuing fee levelization, plan sponsors and advisers should consider whether participants will be charged on a “pro rata” or “per capita”...
AT&T Defeats ERISA Challenge, but Amended Complaint Is Likely
The decision by the U.S. District Court for the Central District of California is short and to the point, stretching just 15 pages and ruling only weakly in...
FPS Group Updates IPX Platform Supporting 403(b), 457(b) Advisers
The IPX platform provides RIAs with a more manageable entry point into the complex 403(b) and 457(b) markets by streamlining the requisite custody, trust, trading and administrative services.
Stakeholders in DC Plan Industry Must Come Together for Plan Success
Despite the tremendous progress of the last decade, there remain some “surprisingly different perspectives” among plan sponsors, recordkeepers, and individual participants when it comes to priorities and best...
Transamerica and Businessolver Link Health and Wealth Recordkeeping
Businessolver President and CEO Jon Shanahan says a new joint solution being rolled out with Transamerica better acknowledges the “intrinsic relationship between wealth and health” by delivering a...
Fee and Industry Shifts Mean Retirement Plan Providers Can Play Hardball
A look back at how Fidelity will charge new plan sponsor clients on its platform who choose Vanguard products makes visible the hard-nosed competition that defines the retirement...
Riskalyze, Vestwell Partner on 401(k) Platform
It is an end-to-end solution designed to make is easy for advisers to propose, onboard and serve 401(k) plans.
Retirement Income, Managed Accounts and ‘Shadow Fiduciaries’
New Cerulli research shows the most common reason for which 401(k) plan sponsors offer participants a managed account service is that it can be positioned as a retirement...
Bundled Versus Unbundled DC Plan Arrangements
The proportion of plans that are at least partially bundled fell dramatically from 53.8% in 2016 to 44.0% in 2017, a continuation of the unbundling trend, according to...
Investment Products and Services Launches
Swerdlin & Company Integrates Stadion Storyline; Vanguard Offers First U.S. Actively Managed ETF Suite; and AAM Enters U.S. ETF Market with New Dividend Funds; and more.
New Complaint Alleges Excessive Fees in NYU Plans
This case was filed against NYU Langone Hospitals, NYU Langone Health Systems, the retirement plan committee, and several named defendants.
Understanding Fiduciary Liability Insurance
In a world of heightened fiduciary scrutiny, plan sponsors need to pay close attention to the language of fiduciary insurance policies.
SPARK Offers Best Practices for Recordkeepers to Report Cyber Security Capabilities
Last year, The SPARK Institute formed a Data Security Oversight Board (DSOB), comprised of both recordkeepers and members of the plan adviser community.