Deals and People January 12, 2017

PLANSPONSOR Announces Defined Contribution Survey Standouts

Thirteen service providers to be recognized at the annual PLANSPONSOR/PLANADVISER Awards for Excellence dinner March 30.
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Through PLANSPONSOR’s annual Defined Contribution Survey, 13 providers received the highest marks when defined contribution plan sponsors of all size plans nationwide answered the following question: How satisfied are you with your provider?

After nearly 5,000 responses were received and tabulated, 13 companies accumulated the greatest number of Service “cups” in the survey’s six main asset classes ranging from “micro” plans with less than $5 million in assets to “mega” plans with more than $1 billion in assets.

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They are listed below; the numbers in parentheses are the number of best-in-class (BIC) awards:

Less than $5MM

  • Gold:  Voya Financial (18)
  • Silver – tied: Correll Co. (17)
  • Silver – tied: CUNA Mutual Retirement Solutions (17)

$5MM – $25MM

  • Gold:  BB&T Retirement and Institutional Services (22)
  • Silver – tied: CUNA Mutual Retirement Solutions (18)
  • Silver – tied: Securian Financial Group (18)

>$25MM-$50MM

  • Gold – tied:  Bank of America Merrill Lynch (15)
  • Gold – tied:  Transamerica Retirement Solutions (15)
  • Silver:  VALIC (14)

>$50MM-$200MM

  • Gold:  Newport Group (21)
  • Silver:  T. Rowe Price (15)
  • Bronze:  VALIC (14)

>$200MM-$1B

  • Gold:  Bank of America Merrill Lynch (22)
  • Silver:  Milliman Inc. (18)
  • Bronze – tied:  Transamerica Retirement Solutions (15)
  • Bronze – tied:  Voya Financial (15)

>$1B

  • Gold: Nationwide (21)
  • Silver – tied: TIAA (18)
  • Silver – tied: T. Rowe Price (14)

The survey results were profiled in the November 2016 issue of PLANSPONSOR magazine and the full provider results and scores can be viewed at http://www.plansponsor.com/2016-Defined-Contribution-Survey/.

The companies will be recognized at the annual PLANSPONSOR/PLANADVISER Awards for Excellence Dinner. This networking event celebrates the accomplishments of the best of the best in the retirement plan industry. Each year, the nation’s leading retirement plan sponsors and advisers, as well as the top product, investment and service providers are honored at this exclusive gathering, hosted at the beautiful Pier 60 in the Chelsea Pier complex, overlooking the Hudson River.

“We created the Awards for Excellence dinner to recognize not only the standouts in the DC provider community, but we also honor plan sponsors, advisers and investment managers that demonstrated exceptional performance in 2016,” says Alison Cooke Mintzer, editor-in-chief of PLANSPONSOR and PLANADVISER.

For more information about the dinner and list of winners, visit http://www.plansponsor.com/events/pspaawards2017/.
Break from the Grind January 12, 2017

A Little Friday File Fun

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In Millersville, West Virginia, a man stole tools from the auto repair shop where he worked. He then proceeded to call folks to try to sell the tools. According to the Times West Virginian, one of the calls he made was to the owner of his workplace. When he realized whom he had called, he hung. However, the owner called police and the man has been arrested.

In Jacksonville, Florida, employees at a Jimmy John’s posted on SnapChat a video of themselves jumping rope with dough. Of course, this raised a firestorm of comments. The Jimmy John’s owner issued a statement that said the dough was discarded and the employees were fired, according to the local CBS News station.

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In Roseville, Michigan, a man was issued a ticket for something a lot of us do in the cold weather—warming up his car. The man left the car running in his driveway for about five minutes while he was inside his home and returned to the car to find a $125 ticket for a local ordinance violation of leaving a motor vehicle unattended. According to the Associated Press, the Roseville Police Chief is standing by the officer who issued the ticket, saying it’s a public safety issue because a thief could have easily taken the car.

In Joliet, Illinois, two teenage girls thought they would go on an adventure and entered the abandoned Joliet Correctional Center through a hole in its fence. However, during the adventure, one of the girls accidentally locked herself inside of a cell. The other girl got firefighters to the site and the locked up girl was released after 45 minutes, according The Joliet Herald-News. The girls will be charged with trespassing.

Slipping on ice is not funny when you’re experiencing it, but it can be funny to watch.

If you can't view the below video, try https://youtu.be/lNfRnXRzxRc

These dogs just do not like bath time.

If you can't view the below video, try https://youtu.be/N5YDI4QCO_I

Poor dog mistakes algae for grass.

If you can't view the below video, try https://youtu.be/UinpG2htgfs

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