Principal Pledges Seamless Transition for Wells Fargo Recordkeeping Clients
“We will do everything we can to make this a non-event for plan sponsors and participants,” says Renee Schaaf, Principal’s...
Tag: Recordkeeping
Lessons Learned From Earlier Recordkeeper Consolidation
Drawing on his experience leading a sizable integration of two recordkeepers, the CEO of John Hancock Retirement Plan Services offers...
PSNC 2019: The Lessons From Litigation
Retirement plan sponsors can learn best practices from looking at the claims filed against their peers and the outcomes of...
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LeafHouse Offers Packaged Program for Retirement Plans
FlexPrecision is low-cost and simplifies operations while providing access to well-known investment funds with LeafHouse 3(38) fiduciary investment manager protection.
Consolidating Competition Keeps Recordkeepers on Their Toes
Fidelity’s head of workplace investing expects the recordkeeping business will grow ever more competitive over time, leading to additional consolidation...
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SPARK Creates Definitions for Cybersecurity Terms
“These definitions provide a level platform for vendor evaluation as it relates to cyber security breach and fraud,” says Rasch...
Appellate Court Affirms City National’s Liability in Self-Dealing Suit
However, the 9th U.S. Circuit Court of Appeals did remand back to a district court the calculation of interest on...
DC Plan Sponsor Clients Wait for Details in BB&T and SunTrust Merger
While the firms are better known for their sizable banking businesses, both BB&T and SunTrust offer DC plan recordkeeping services;...
Progressive Sponsors Will Push Custom Designs, Fee Transparency in 2019
Year-end conversations with recordkeepers suggest plan sponsors are highly focused on improving fee transparency, exploring custom default solutions and strengthening...
Diverse Stakeholders Look to Boost In-Plan Retirement Income
Continued net flows out of the DC system, driven by Baby Boomer retirements, could cause more provider consolidation and redoubling...
$24M Settlement Proposed By Parties in BB&T Self-Dealing ERISA Litigation
The long-running litigation appears to be heading for a mediated conclusion, after a contentious discovery process that produced over 260,000...
Fund Menus, Fee Structures Still Trending Toward Simplification
Experts at the Best of PSNC 2018 event in Boston reviewed plan sponsors’ use of different fund types and fee...
District Court Soundly Dismisses Washington University 403(b) Lawsuit
The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to...
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403(b) and 457(b) Plan Recordkeeper Enhances Platform
IPX is a modernization of traditional recordkeeping platforms that serve plans with multiple providers.
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Fidelity Index Fund Fee Cuts Reflect New Industry Realities
An announcement this week that Fidelity is launching retail mutual funds with management expense ratios of zero basis points shows...
ERISA Lawsuit Targeting AT&T and Multiple Providers Dismissed
The court’s decision, which leaves room for an amended complaint, is based on questions of timeliness and a lack of...
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Milliman Aims for Reinvigorated Growth by ‘Bringing Together’ DC and DB Businesses
In creating a unified sales and service structure for DC, DB, multiemployer and association retirement plans, the firm wants to provide...
Xerox HR Solutions Wins Another Dismissal in ERISA Challenge
The text of the new decision says the second amended complaint has failed because “it is an attempt to replead...
Wisconsin Private Colleges Unite Retirement Plans in ‘403(b) MEP’
The Wisconsin Association of Independent Colleges and Universities announced a partnership with Transamerica to create a 403(b) multiple employer retirement...
DC Plan Provider Web Portal Designs Growing More Responsive
Mobile-friendly, responsive web portal design has increased in the retirement industry to match consumers’ rising desires to be able to...