Tag: Recordkeeping

Betterment for Business announced plans to complete a payroll integration with ADP in the second half of this year. 

However, the motivation for moving outside assets or DC plan assets to the provider varies, so recordkeepers should tailor their communications to different groups.

Aon plc, President & CEO Greg Case said, "We believe that this platform will thrive under Blackstone’s ownership as a focused, standalone company."

PLANADVISER announced the winners of the third annual Adviser Choice Awards, to be handed out at the annual PLANSPONSOR/PLANADVISER Awards for Excellence dinner March 30.

The new solution by Appo Group aims to cut costs and time by allowing users to create and manage multimedia communication materials through a single platform. 

Betterment will now offer three different plans including a premium option offering investors access to licensed financial experts who can offer advice and monitor their accounts year round.

Shifting regulations, evolving consumer demands and a strong response from established providers are real challenges, but low-cost automated 401(k) platform providers remain committed to DC industry disruption. 

Defined contribution plan sponsors are looking to negotiate recordkeeping fees, reduce revenue sharing and switch to lower-cost investments, a survey found.

New York Life Names New CIO; Allianz Life Appoints New Senior VP; GW&K Creates General Counsel Position 

Recordkeepers provide a variety of services, and plan sponsors and advisers should look for the ones most important to them and their participants.

The airline is accused of failing to select low cost investments and failing to use its size to negotiate cheaper investment and recordkeeping fees.

The case questions the hotel chain's 401(k) plan fees and investment choices.

Broadridge looks at the new fiduciary rule’s “far-reaching implications for the retirement plan participant experience” and how to avoid pitfalls.

The new program from PCS enhances advisers' ability to establish and demonstrate compliance with the DOL's fiduciary rule reform. 

The asset-weighted average expense ratio for defined contribution (DC) retirement plans is currently 0.42% versus the 2006 level of 0.57%, according to NEPC.

The platform gives financial advisers the ability to better service employers and employees, the company says.