The Client: ERISA plans/institutional management
December 21, 2020
Retirement Savings at Record Contribution and Participation Rates in 2019: Report
The Plan Sponsor Council of America says the healthy savings rates helped prepare many for the Covid-19 pandemic.
December 14, 2020
DOL Finalizes Rule Limiting ESG Considerations in Proxy Voting
The new rule requires plan fiduciaries to vote solely on the basis of financial benefit to plan participants.
December 11, 2020
Raymond James to Acquire $35B Retirement Plan Administration Firm
NWPS Holdings, which currently has 400,000 participants, will continue operating under its own name.
December 8, 2020
Trader Joe's Wins in Another 401(k) Legal Battle
A suit brought in June accused the firm’s retirement plan of favoring the recordkeeper at the expense of the plan participants.
December 2, 2020
Fidelity’s New RIA Accounts Up 164% YoY
The firm’s managed account assets, meanwhile, have surpassed $500 billion.
October 26, 2020
UBS Boosts Employee Financial Wellness Tools for Corporate Clients
Among the new offerings is a platform to manage student debt, an expansion of services for smaller plans and a new digital platform that combines human guidance with digital resources.
October 26, 2020
Empower Says New Retirement Plan Sales Reached $110B in 12 Months
Meanwhile, the firm has also agreed to acquire the retirement businesses of Mass Mutual and Fifth Third, scheduled to close later in 2020.
October 22, 2020
DOL Pushing Through ESG Fund Rule at ‘Warp Speed:’ Reports
The Trump administration is moving far faster with finalizing the rule putting greater scrutiny on the selection of environmental, social and governance-focused funds in retirement plans.
October 19, 2020
JPMorgan Unveils 401(k) Plan for Small Retirement Plans
The firm’s Everyday 401(k) costs as little as $75 per month.
October 16, 2020
Transamerica Bolsters Pooled Employer Plans Business with New Client
The company was selected by the Lockton Northeast Series pooled employer plan as its retirement plan recordkeeper.