PEOPLE -
May 16, 2012
Great-West Adds Midwest Sales Director to 401(k) Team
May 16, 2012 (PLANSPONSOR.com) - Great-West Retirement Services has appointed Matthew Orozco as a regional sales director for the Midwest market.
HR/BENEFITS -
May 16, 2012
Workers Changing Expectations of Retirement
May 16, 2012 (PLANSPONSOR.com) - American workers realize they are behind in saving for retirement, and are adjusting their expectations accordingly.
RULES/REGS -
May 16, 2012
Plan Administrator Steals Retirement Funds to Purchase Resort
May 16, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor has filed a complaint in a federal court in Idaho regarding a violation of the Employee Retirement Income Security Act (ERISA).
FINANCE -
May 16, 2012
Institutional Investors Find New Uses for ETFs
May 16, 2012 (PLANSPONSOR.com) - Institutional investors are finding increasingly strategic uses for exchange-traded funds (ETFs), according to a study from Greenwich Associates.
HR/BENEFITS -
May 16, 2012
GAO Suggests DOL Work on Getting Older Americans Employed
May 16, 2012 (PLANSPONSOR.com) – The U.S. Government Accountability Office (GAO) recommends that, as the economy improves, the Department of Labor (DOL) refocus on older job seekers.
PEOPLE -
May 15, 2012
CPI Appoints Senior Manager for Internal Sales Department
May 15, 2012 (PLANSPONSOR.com) - CPI Qualified Plan Consultants,
Inc., appointed Peter Wesner as the senior manager for the internal sales
department.
HR/BENEFITS -
May 15, 2012
Language Critical in Reaching Older Americans
May 15, 2012 (PLANSPONSOR.com) - Language is critical in reaching the “senior citizen” demographic to explain investment products, according to research firm Hearts & Wallets.
PRODUCTS -
May 15, 2012
Principal Resource Evaluates Retirement Plan Fees
May 15, 2012 (PLANSPONSOR.com) - The Principal Financial Group created an online resource to help plan sponsors understand the new retirement plan disclosure regulations.
HR/BENEFITS -
May 16, 2012
Workers Need Better Sources for Retirement Planning Information
May 16, 2012 (PLANSPONSOR.com) - A study indicates American workers need more concrete sources of information to aid them in planning for retirement.
PRODUCTS -
May 15, 2012
Cohen & Steers: DC Plans Need Real Assets
May 15, 2012 (PLANSPONSOR.com) - Cohen & Steers released
a white paper that discusses the merits of including real assets—commodities,
real estate and natural resources—in a DC portfolio.
PRODUCTS -
May 15, 2012
LPL Unveils Rollover Program
May 15, 2012 (PLANSPONSOR.com) - LPL Financial has launched the Rollover Results Program, a platform for retirement plan advisers, plan sponsors and plan participants.
RULES/REGS -
May 15, 2012
DOL Recovers $1.3M for Pension Plan
May 15, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor reached an agreement with a California fruit and nut company to restore $1,287,901 to the company’s pension plan.
PRODUCTS -
May 14, 2012
Fiduciary Evaluation Tool Launched
May 14, 2012 (PLANSPONSOR.com) - The Board Institute, Inc. released The Fiduciary Board Index.
PRODUCTS -
May 14, 2012
MassMutual Enhances DB Plan Termination Services
May 14, 2012 (PLANSPONSOR.com) - MassMutual's Retirement Services Division enhanced its defined benefit (DB) plan termination services offering to existing clients.
RULES/REGS -
May 14, 2012
11th Circuit Affirms Home Depot’s Stock Drop Case Win
May 14, 2012 (PLANSPONSOR.com) – A federal appellate court affirmed that Home Depot did not err in continuing to offer company stock in its retirement plan.
HR/BENEFITS -
May 14, 2012
“Debt-Free” Part of Definition of Successful Retirement
May 14, 2012 (PLANSPONSOR.com) - Nearly nine in 10 Canadian homeowners (87%) indicate that "being debt-free" is very important to their definition of a successful retirement.
PRODUCTS -
May 14, 2012
Mercer Launches Retirement Planning and Education Campaign
May 14, 2012 (PLANSPONSOR.com) - Mercer launched “My Retirement Workshop,” an online retirement planning and education campaign for employees whose 401(k) plans it administers.
HR/BENEFITS -
May 14, 2012
Guaranteed Income Option Most Appealing to Younger Workers
May 14, 2012 (PLANSPONSOR.com) - Many American workers find it appealing to have a guaranteed income in retirement—the younger the employee, the greater the attraction.
PEOPLE -
May 14, 2012
Northern Trust Appoints Senior Investment Consultant
May 14, 2012 (PLANSPONSOR.com) - Northern Trust appointed Christopher A. Benson in its Denver office as a senior investment consultant.
RULES/REGS -
May 14, 2012
Boilermakers Pension Under Investigation
May 14, 2012 (PLANSPONSOR.com) – A grand jury is investigating complaints against the International Brotherhood of Boilermakers’ pension and benefits plans.