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The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (click here);• 2003-2005 (click here); and• 2006-September 2012 (see below).To download a pdf file of the comprehensive 1999-2012 list, click... READ MORE
The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (click here);• 2003-2005 (see below); and• 2006-September 2012 (click here).To download a pdf file of the comprehensive 1999-2012 list, click ... READ MORE
The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (see below);• 2003-2005 (click here); and• 2006-September 2012 (click here).To download a pdf file of the comprehensive 1999-2012 list, click ... READ MORE
In another sign of the importance of DC plans, the Fed reported in its triennial Survey of Consumer Finances that DC plan balances accounted for 61.4 percent of families’ total financial assets in 2010, up from 58.1 percent in 2007, as median net worth declined 38.8% and income declined by 7.7%.... READ MORE
With the impact of the DOL’s disclosure regulations now trickling down to participants and the attendant focus on fees in 401(k) plans, the debate over who should pay and what they should pay is just beginning, as outlined in a Wall Street Journal article. Plan sponsors are beginning to understand... READ MORE
By Thomas D. CloughAccording to a recent study by Alliance Bernstein, only 63% of all plan sponsors consider themselves to be plan fiduciaries. The cases summarized below highlight the DOL’s commitment to a rigorous enforcement of the law and underscore the need for competent guidance on ERISA... READ MORE
Measuring social media results can be an art. But many smart business people know that measuring is what matters. Like marketing, it can be difficult to pinpoint the exact moment a prospect decided to become a client, and ensure that you’re able to recreate that moment again and again. There are a... READ MORE
The Profit Sharing Council of America (PSCA) has released its 55th Annual Survey of Profit Sharing and 401(k) Plans. The results of the 2012 survey — which reports on the 2011 plan-year experience of 840 plans representing 10.3 million participants and $753 billion in assets — demonstrate continued... READ MORE
By Danny StreiffFor decades, the only “unsolvable” problem in our industry has been everyone’s most important problem: getting people to save much more so they’ll have enough for a comfortable retirement. It’s ironic that we can solve almost every plan-related issue except higher participation and... READ MORE
It might have seemed like a good idea to offer 401(k) participants a smorgasbord when it comes to designing the right plan to help them retire successfully. But behavioral finance shows us that participants are plagued by inertia and irrationality. Bank of America Merrill Lynch provides a... READ MORE
The usual debate about fees charged by mutual funds is about whether to use passive or active funds. The argument for passive funds is that very few active funds beat their benchmark, so why pay more? This may lead to the conclusion that lower-cost funds perform better. Christopher Carosa of... READ MORE
If you think it’s complicated trying to determine an individual’s retirement funding needs, imagine trying to do so for all American workers.When EBRI modeled the retirement savings gap of Baby Boomers and Gen Xers earlier this year, we found that between 43 and 44 percent of the households were... READ MORE
The National 401(k) Record Keepers list includes vendors that provide record keeping services at the national level. This means that they have significant presence in all regions, whether measured by plans under management or by sales personnel. There are about 600 so-called “Record Keeping TPAs”... READ MORE
Providers, and particularly DCIO’s, spend a lot of money on value-add services to help them distinguish themselves and their services above and beyond record keeping administration and money management — much of which has been commoditized. The array of products, services and tools is virtually... READ MORE
In a scathing report on service provider 408(b)(2) disclosures published Tuesday, the Wall Street Journal detailed the problems that plan sponsors have in two key areas: first, understanding the fees disclosed by providers under the new regulations; and second, trying to determine whether they are... READ MORE
Guardian Life has hired industry veteran Stephen Davis to run sales at their retirement plan division, replacing Dale Magner, who departed earlier this year. Most recently Davis was at The Hartford, where he represented their mid market services to advisors. Previously he held a similar position at... READ MORE
Most experts are predicting massive consolidation among DC record keepers, with the big push just about to begin — especially with four national record keepers representing more than 100,000 DC plans likely to change ownership in the next few months. The businesses of many large national record... READ MORE
Batten down the hatches — a perfect storm lies dead ahead. Election-year politics, a struggling economy, a gargantuan federal budget deficit and the push for tax reform will combine soon, and will create a challenge for the retirement planning industry that we haven’t seen since 1986. That’s the... READ MORE
RFPs are commonly used by record keepers but less so by plan sponsors searching for a new advisor. Selecting the right advisor is more important than the selection of a record keeper or even the funds in the plan but, until now, there was no industry sponsored template for plan sponsors to use. The... READ MORE
You may want to put one or both of these upcoming disclosure-related webcasts on your calendar:What Plan Committees Must Do with 408(b)(2) DisclosuresNow that service providers to ERISA-governed retirement plans have provided written disclosures about their services, fiduciary status and... READ MORE
As stable value investments become more popular in DC plans — falling somewhere between money market funds, where returns are low but so are risks, and mutual funds, where both returns and risks may be higher — advisors need to understand how stable value works. In a simple but comprehensive... READ MORE
An Investment Company Institute study released last month, “Who Gets Retirement Plans and Why, 2011”, found that nearly three-quarters of those likely to save for retirement have access to a retirement plan through their employer or their spouse’s employer. Of that group, 93 percent participate.... READ MORE
Plan sponsors are required by the IRS and/or the DOL to provide notices to eligible employees and plan participants at specific times of the year related to the status of the plan or the participants’ accounts. A list from by Baden Retirement Plan Services (an Ascensus company) provides a quick... READ MORE
At the annual National Association of Government Defined Contribution Administrators (NAGDC) conference in San Diego, Phyllis Borzi, head of DOL’s Employee Benefits Security Administration, opined that public plans should follow private plan disclosure rules even though she has no jurisdiction over... READ MORE
The idea of hiring experts to handle difficult plan responsibilities is nothing new to the 401(k) industry.What has changed is the variety of outsourcing opportunities offered today, and the number of vendors who will accept roles traditionally held by plan sponsors. More than ever, plan sponsors... READ MORE

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