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Latest News

DEALS/PEOPLE

Gallagher Makes Another Acquisition

September 02, 2010 -- Arthur J. Gallagher & Co. has acquired Old Greenwich Consulting Group based in New York, after acquiring Benefits Unlimited in early August.

PRODUCTS

Fidelity Introduces Free iPad App

September 02, 2010 -- Investors can download the application specifically designed for the Apple iPad, free of charge, on iTunes

COMPLIANCE

Bonuses and Commissions Could Face Higher Taxes

September 02, 2010 -- The American Payroll Association (APA) issued a statement today to alert the public of the potential hit paychecks will take due to expiring tax cuts.   

COMPLIANCE

Court Finds Plan Trustee Could not Act on Knowledge of Breaches

September 02, 2010 -- A federal court in Illinois ruled that participants of the Antioch Company Employee Stock Ownership Plan are not barred from moving forward with their claim that company fiduciaries and GreatBanc Trust Co. breached their duties under the Employee Retirement Income Security Act.

DEALS/PEOPLE

New CIO Joins SageView Team

September 02, 2010 -- Richard Palmer begins today as the Chief Investment Officer at the SageView Advisory Group based in Irvine, California.

DEALS/PEOPLE

Scout Picks Up Indiana Fixed-Income Shop

September 02, 2010 -- Scout Investment Advisors, a subsidiary of UMB Financial Corporation, has agreed to acquire Reams Asset Management Company, an investment management firm specializing in fixed-income products.

COMPLIANCE

401(k) Participant at Fault in Account Withdrawal Dispute

September 02, 2010 -- A federal judge in Oklahoma has cleared a 401(k) plan administrator of wrongdoing in a dispute over whether the employer should be forced to repay the participant for funds his ex-wife took out of his account.

DIVERSIONS

One to Three Drinks a Day is A-OK

September 02, 2010 -- A new study in the journal Alcoholism: Clinical and Experimental Research provides the strongest evidence yet that moderate drinking can make you live longer.  

PRODUCTS

Ancora Offers Source Companies’ Open Architecture Plans

September 01, 2010 -- Ancora Advisors has rolled out Open Architecture 401K products offered through Source Companies

COMPLIANCE

WaMu to Settle Stock Drop Suits for $49M

September 01, 2010 -- A federal court has given preliminary approval of a settlement that would resolve lawsuits alleging breaches of fiduciary duties under the Employee Retirement Income Security Act by Washington Mutual.

COMPLIANCE

NAIRPA Comments on SEC Target-Date Fund Proposal

September 01, 2010 -- In a letter to the Securities and Exchange Commission (SEC), the National Association of Independent Retirement Plan Advisors (NAIRPA) calls for “focused disclosure” of target-date funds and said that a summary disclosure may not be enough.  

RESEARCH

Americans Saving More for Health Care in Retirement

September 01, 2010 -- The First Command Financial Behaviors Index reveals that average monthly savings solely for health care costs during retirement climbed to $245 in July, up 42% from a year ago.

PRODUCTS

Hand Benefits Selects Sub-Advisers for Target Date CITs

September 01, 2010 -- Hand Benefits & Trust Company has selected Blue Prairie Group LLC (BPG) and Target Date Solutions (TDS) as managers of the SMART Fund target date collective investment trusts.

PRODUCTS

More Workers Choosing Life Insurance Benefit, and More Paying for It

September 01, 2010 --  A recent national survey of full-time workers by The Hartford Financial Services Group found the overall number signing up for life insurance benefits increased from 64% in 2009 to 69% in 2010.

RESEARCH

Work/Life Balance Still a Concern for Many

September 01, 2010 -- Some 89% of respondents to a recent poll said work/life balance is an issue in their lives, including 54% who termed it a "significant problem."


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2010 PLANSPONSOR Retirement Plan Adviser of the Year

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BarbaraHogg August 28, 2009 -- What can plan sponsors and advisers do to lessen the savings gap among racial and ethnic groups?

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