Defined Contribution Plans
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Fidelity adds $37.2B in defined contribution assets but pace slows
With addition of nearly 1,100 retirement plans, firm's assets under administration for DC plans reaches $1.4T.
Supreme Court rejects stock-drop defense often used in 401(k) cases
High court says 'presumption of prudence' shouldn't be considered a special defense against lawsuits alleging breaches of fiduciary duty.
Hartford Financial Services Group names a new CEO
Insurer Promotes CFO to replace previous CEO following a medical procedure related to a brain tumor.
Vanguard passes Fidelity to become No. 1 in 401(k) assets
Stock market rally in 2013 helped boost numbers; Fidelity remains tops in 401(k) recordkeeping assets.
Guaranteed features propel indexed-annuity sales
With low interest rates providing few fixed-income investment options, broker-dealers see these as a good choice for clients, with more growth potential than CDs.
The retirement apocalypse that isn't coming
Retirement isn't going the way of the carrier pigeon. Innovative retirement plans and new policies and products point to a future richer than many workers imagine.
Potholes litter road to ETF investment by DC plans
Even as the technical barriers are eclipsed, doubts remain over cost and utility.
Bond ladders for fans of portfolio safety
While it might be tempting to start finagling with fixed-income allocations as the next rising-interest-rate cycle draws nearer, proponents of bond ladders say the tried-and-true strategy works in all cycles if safety is your guide. "When it comes to fixed income, we believe that safety always
A case for private equity in DC plans
By addressing four major challenges, advisers can help plan clients gain access to higher returns.
Baby boomer, Gen X women fear not having enough retirement savings
Most female baby boomers and Generation Xers fear they will not have sufficient money for retirement, a situation that's creating an opportunity for financial advisers, according to a report released Wednesday by the Insured Retirement Institute. More than two thirds — 70% — of female baby boomers
The best- and worst-performing target date funds
Target date 2016-203-month return1-year return3-year return5-year returnNet assets ($M)Expense ratio*Top 10Manning & Napier Target 2020 I (MTNIX)2.60%11.40%8.31%14.36%$177.80.86%Legg Mason Target Retirement 2020 A (LMWAX)2.34%10.65%7.51%15.79%$6.11.15%American Century One Choice 2020 R6 ...
DeWaay settles with Labor Department over retirement plan recommendations
Famed financial adviser Donald Gene DeWaay Jr. has reached a settlement with the Labor Department to pay $341,487 to 68 retirement plans following federal investigations into some of his firm’s sales. The DOL’s Employee Benefits Security Administration claimed Mr. DeWaay, the firms he owns and a
Great-West Financial to acquire J.P. Morgan retirement unit
Robert Reynolds' Great-West Financial agreed to acquire J.P. Morgan Retirement Plan Services, boosting its profile as a retirement plan record keeper and putting it at No. 2 in the retirement services business by participants nationally.
New flavor of outsourced fiduciary for retirement plans hits the market
ERISA 3(16) fiduciary plan administrator business is growing, but plan sponsors need to watch out for traps.
Account opening is No. 1 tech concern: Survey
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
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