Search results for: SCO
Alerus Scoops Up Stanton Group’s RK and Adviser Services
Alerus Financial will acquire the recordkeeping and advisory operations of the Stanton Group, a Minneapolis-based benefits, compensation and insurance services firm.
Principal Hit with IRA Rollover Suits
Participants in two Principal Financial Group 401(k) plans have sued the Des Moines, Iowa-based plan provider, alleging it fraudulently convinced them to roll over their balances into a...
Janus Twenty Fund to Change Skippers
Janus Capital Group Inc. has announced that Scott Schoelzel, portfolio manager of Janus Twenty Fund, will leave the firm at the end of 2007.
Schwab Taps Cox as Chief Operating Officer of Corporate Services
Charles Schwab has announced the hiring of Tony Cox, a new senior executive to help lead the Schwab Corporate&Retirement Services division.
KS Firm Offers Web-based Advice Product
An Overland Park, Kansas company is offering an online advice product for retirement plans.
Generation Gaps
They have never rolled down a car window, never known a time when the Berlin Wall stood, and never seen anyone but Jay Leno host the Tonight Show.
Lipper Makes Changes to Fund Rating System
Lipper, Inc. announced changes to its global Lipper Leader rating system that it says will create a more flexible and marketing friendly set of icons that better suit...
Fee Suit against Lockheed Martin to Move Forward
The U.S. District Court for the Southern District of Illinois refused to toss out allegations that Lockheed Martin Corporation breached its fiduciary duty by charging its 401(k) plan...
John Hancock Campaign Provides Info and Tools for 529 Sales
John Hancock College Savings has launched a multi-week back-to-school campaign for the busy 529 sales season, providing information and tools to financial consultants.
401(k) Advisors Adds Target Fund Performance to Scorecard
401(k) Advisors has enhanced its Scorecard System to measure the performance of asset allocation portfolios, known as lifestyle and lifecycle, or target date, funds.
Vanguard and Fidelity Rated As Best DC Web Sites
Fidelity Investments snagged the top overall spot in Kasina’s ranking of defined contribution plan Web sites for participants, while the Vanguard Group came in first for plan sponsors.
New Company Protects against Broker Misconduct and Scams
Former Securities and Exchange Commission (SEC) Enforcement Branch Chief and consumer advocate Pat Huddleston has launched Investor's Watchdog, a company that provides investors with intelligence and expertise to...
DoL Receives Letters Urging Caution in Fee Disclosure
Correspondents offering input to the U.S. Department of Labor (DoL) about revisions to 401(k) fee disclosures said that educating plan sponsors and participants about fees was important but...
Great-West Continues Buying in RK Space
Great-West Life&Annuity Insurance Co. (GWLA) has agreed to acquire Franklin Templeton Investment’s 401(k) recordkeeping business, the firms announced.
Fee Disclosure Legislation Introduced in House
U.S. Representative George Miller (D-California) has introduced legislation that would increase the disclosures about 401(k) fees that are required to be provided to participants.
Fidelity Sued Over 401(k) Revenue Sharing Payments
Seeking class action status on behalf of all plan sponsors, plan administrators and trustees of defined contribution plans in which Fidelity now serves or has served as a...
Participation Rates Slip in Fidelity Survey
Fidelity Investments’ latest study of its defined contribution clients showed that corporate DC employees overall are on track to have an income replacement of just 17%.
Fidelity Launches Income Replacement Calculator
Fidelity Investments has released a diagnostic tool that allows employers to measure the effectiveness of their plans’ usage of automatic features in providing retirement income to employees.
OneAmerica Acquires 403(b) Participants from Transamerica
OneAmerica Financial Partners, Inc. purchased a block of 403(b) business from Transamerica Life Insurance Company, increasing the number of plan participants with the Indiana-based company by more than...
Provider Benchmarking Requires Organization and Coordination
In order to complete a thorough benchmarking study of a retirement plan provider, it is vital that an adviser first understand a company’s culture and what the plan...