Groups Call For More Closed-DB Testing Relief
A number of industry groups have recommended expansions to nondiscrimination testing relief for closed defined benefit (DB) plans.
Tag: 401k
Sponsors See Success Boosting Matches
A new analysis from investment intelligence firm Strategic Insight shows plan sponsors have enhanced key features and processes within their retirement plans over the last several years.
John Hancock Names National Mid-Market Director
Jim Brockelman will rejoin John Hancock Retirement Plan Services as national director, mid-market.
Failed to Provide Safe Harbor Notice?
Failed to provide the safe harbor 401(k) plan notice to employees eligible to participate in the plan? There’s a fix for that.
Collective Investment Trust Takes TDF Approach
Investment services provider American Century Investments launched a collective investment trust (CIT) designed for defined contribution (DC) participants that incorporates the firm’s One Choice Target Date Portfolios.
Mutual of Omaha Adds Sales Staff, Wants More
Mutual of Omaha Retirement Services named four new regional sales managers to grow business with retirement plan advisers and their defined contribution (DC) clients.
Most 401(k) Plan Fees Declining or Flat
In 2013, costs for small retirement plans decreased, while those for larger plans remained flat.
RIAs Pursue ETFs with Vigor
An analysis from financial analytics firm Cerulli Associates finds exchange-traded fund (ETF) use among registered investment advisers (RIAs) has grown nearly 27% annually over the past five years.
DOL to Distribute Terminated Plan Assets
The Department of Labor (DOL) has received a consent judgment and order allowing it to name a new fiduciary to distribute the assets of a Captiva, Florida, retirement...
UBS Grows DC Advisory Team
Marc Horner has joined the UBS Financial Services DC Advisory Program.
Aspire Adds LPL Worksite Solution
Aspire Financial Services LLC added LPL Financial LLC’s retirement advice and education solutions to its plan sponsor support offerings.
Fidelity Sees More 401(k) Balance Growth
Financial services provider Fidelity Investments finds the average 401(k) balance has continued to increase, ending the fourth quarter of 2013 at a record high of $89,300.
IRS Forum to Cover 2013 Cumulative List
The Internal Revenue Service (IRS) will host a phone forum next month about the 2013 Cumulative List.
DC Plans Important to Retirement Security
Defined contribution (DC) plans are a critical part of the U.S. retirement system, says a research report.
DC Investor Behaviors Steady in 2013
Most defined contribution (DC) retirement plan participants stayed the course last year with their asset allocations as stock values generally rose over the first nine months of 2013.
Fidelity Releases Fixed-Income Portfolio Tool
Fidelity Financial Advisor Solutions, a unit of Fidelity Investments that provides mutual funds and other investment services, released an interactive calculator that helps financial professionals build fixed-income portfolios.
Vanguard Reports Record 401(k) Balances
Investment management firm Vanguard reports that the average account balances for 401(k) plan participants reached a record high of $101,650 at year-end 2013.
Industry Divides Over Obama Proposals
President Obama raised both hopes and eyebrows when he introduced new proposals for combating America’s retirement crisis during his fifth State of the Union address.
SPARK Asks for Flexibility on Fee Disclosures
The SPARK Institute Inc., a lobbying group for retirement plan service providers, is hoping to secure more flexibility from federal regulators regarding certain investment-related disclosure requirements.
Nationwide Platform Adds Managed Accounts
Stadion Money Management has added a 401(k) managed account solution to Nationwide’s RIA Managed Accounts Services Platform.