Voya Merges Health, Wealth Under One Leader
Voya’s Rob Grubka will oversee benefits and savings to more firmly tie together health, retirement and wealth management.
Tag: Recordkeeping
Why Cybersecurity for Retirement Plans Is More Important Than Ever
Plan sponsors need to ensure retirement plan participants are safe from escalating attacks by hackers that go after their savings,...
Defense Attorneys Can Put Up a Fight in Excessive Fee Lawsuits
An insurer speaks out about why the majority of excessive recordkeeping fee claims are ‘bogus.’
Principal Completes Wells Fargo Custody Client Transitions
With the integration completed, Principal Custody Solutions now serves nearly 3,000 institutional clients representing more than $1 trillion in assets.
Recordkeeping Fee Suit Questions Revenue Sharing Arrangement
In addition to naming the company as a defendant, the lawsuit also targets members of the board of directors, as...
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Empower Retirement Reveals New, Shorter Name
The company says it wants to help people achieve both short- and long-term financial goals, and the name change from...
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Vanguard to Offer Auto-Portability Solution to 401(k) Plan Clients
The firm is partnering with Retirement Clearinghouse to help plan sponsors simplify small-balance 401(k) rollovers.
Study Finds Advantages in Working With a Sole Recordkeeper
The research highlights ways sponsors of multiple retirement plans can benefit from working with just one provider.
Court Tosses PNC Excessive Recordkeeping Fee Suit
The plaintiffs have already filed an amended complaint after a judge found that their allegations were insufficient to state a...
Xerox Faces ERISA Excessive Fee Suit
The plaintiffs claim recordkeeping expenses more than doubled during the time Xerox Corp. used its affiliated recordkeeper.
Prudential Acquisition Aimed at Improving Participant Experience
Empower CEO Ed Murphy says the Prudential recordkeeping team has tremendous bench strength.
T. Rowe Price Expands Partnership With FIS to Transform Recordkeeping Solutions
FIS will assume responsibility for managing retirement technology development and core operations, while T. Rowe Price will continue to be...
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OneAmerica Introduces Combo Retirement Plans Solution
The tool allows tax-exempt plan administrators to manage several DC retirement plans simultaneously.
Vanguard Transfers Recordkeeping Operations to Infosys
Through a strategic partnership, Infosys and Vanguard will provide a cloud-based recordkeeping platform, with planned enhancements for plan sponsors and...
Plan Sponsor Due Diligence in a Demanding Time for Recordkeepers
Plan sponsors can show compassion for their recordkeepers, while at the same time ensuring their plans are operating smoothly.
ERISA Lawsuit Against Trader Joe’s Dismissed
A federal judge said the plaintiffs' guess of recordkeeping fees paid had no factual basis and failed to claim a...
The Math Behind Plan Fee Evaluations
Determining whether fees are reasonable for participants requires an additional layer of calculation, and some fee elements and allocations make...
Charles Schwab to Acquire TD Ameritrade
The integration of the two firms is expected to take between 18 and 36 months, following the close of the...
The Tech Behind DC Plan Administration Solutions
Whether they are providing a certain process or an end-to-end solution, technology providers may be a reason you are happy...
Evolving Best Practices: Recordkeeping Fees
Per participant or asset-based? Each approach has its merits, but is one preferable under the Employee Retirement Income Security Act’s...