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Speaking at an industry conference years ago, Schwab CEO Walt Bettinger — who grew up in the 401(k) world — noted that there are three types of 401(k) providers: market leaders, market followers and rule breakers. Clearly casting Schwab as a rule breaker, Jim McCool, Schwab’s COO (and Bettinger’s... READ MORE
By Jason C. Roberts and Kimberly Shaw Elliott, Roberts Elliott, LLPFinally, after months — potentially years — of preparation, diligent providers of services to retirement plans have completed their disclosures in satisfaction of ERISA Section 408(b)(2) and they lie in the hands (or at least the... READ MORE
Participants’ concern about their retirement is growing, according to the 4th Annual 2012 DC Participant Experience Study by KK & Company and Greenwald & Associates. To address that concern, participants prefer more proactive steps to increase their retirement readiness and provide them... READ MORE
For decades, the defined contribution industry has focused on the performance of individual funds at the expense of other plan metrics. In a recent white paper, W. Van Harlow, Director of Research, Putnam Institute, analyzes a series of variables — fund selection, asset allocation, portfolio... READ MORE
Momentum. Championship-caliber sports teams have it. In politics, victorious candidates have it.And in the retirement industry, NAPA has it. Barely a year old, we’re now nearly 3,800 members strong, and growing daily. We have the support of 67 institutional partners. That makes us one of the... READ MORE
California Gov. Jerry Brown (D) signed legislation Sept. 28 that will create the nation's first state-administered retirement savings program for private-sector workers, over the objection of critics who said it creates a new liability for taxpayers. The bill will establish the California Secure... READ MORE
Mitt Romney’s reference to the divide between the 47 percent of citizens who don’t pay income taxes and those who do may not be as important the pension divide, between those few who have a guaranteed cushion in the form of defined benefit pensions. How the candidates address this divide, cultural... READ MORE
With greater fee disclosure and focus on fiduciary issues, it seems logical that RIAs and hybrids would increase 401(k) market share. SageView’s growth might be an indicator of this trend as well as recent data from Cerulli. Read more: Sageview and Cerulli READ MORE
A proposal by Sen. Tom Harkin (D-IA) to address what he calls the “retirement crisis” would shore up Social Security and also create a new retirement fund run by the government but funded privately. What appears to be a government-sponsored IRA intended to provide pension like lifetime income... READ MORE
Nearly 10 years ago, when there were 120 national 401(k) recordkeepers (defined as those that have a national sales force with most attached to a larger financial service organization), it was easy to guess which ones were likely to exit the market next. The hard question was which ones would never... READ MORE
Here are six websites I recommend.The Employee Benefit Research Institute (EBRI)EBRI has been conducting nonpartisan, objective research on employee benefit plans (retirement and health care) since the late 1970s – and all of our research is available online. We’ve modeled retirement income... READ MORE
At OppenheimerFunds, our perspective is that diversification comes from having a portfolio positioned to take advantage of economic progress all over the world while seeking to protect and grow long-term purchasing power. Over the past generation, the global economic, political and social... READ MORE
Do we really live in the Information Age? I ask because it seems to me the retirement plan industry is a bit behind the curve when it comes to making key information available to those who need it the most.We talk a lot about focusing on participant outcomes and helping plan sponsors achieve their... READ MORE
By Sheldon M. Geller, Esq.Investment advisors need to protect 401(k) plan sponsor boards, corporate officers, and other plan fiduciaries from an increasingly active and ERISA-sophisticated bar. Recent court decisions have identified issues that investment advisors should consider to effect prudent... READ MORE
By Richard PhillipsThe metaphor of a design-focused 401(k) easily lends itself to construction imagery, where each building block needs to be in the right place, in the right alignment, at the right time. But before we start laying bricks (if you’ll pardon the pun), it’s important to properly... READ MORE
By Sheldon M. Geller, Esq., CPAThe Employee Retirement Income Security Act (ERISA) requires plan sponsors and other plan fiduciaries to act prudently and solely in the interest of plan participants when selecting and monitoring service providers and plan investments. Service provider arrangements... READ MORE
Revised Field Assistance Bulletin 'effectively eliminates' several significant fiduciary requirements, says Dudley of ABCThe Department of Labor's Employee Benefits Security Administration (EBSA) backed off on its controversial fiduciary requirements involving brokerage windows under its fee-... READ MORE
Could a broke 25 year-old retire with more than a million dollars in the bank? Retirement statistics and research in The Savings Crisis of Working Americans: The Retirement Industry Call to Action say yes! Download this white paper now. READ MORE
[caption id="attachment_219" align="alignright" width="150" caption="More 401(k) Participants Turning to Professionals for Help"][/caption]Donec non nunc lectus, ut elementum ante. Vestibulum quis lectus sapien, a accumsan felis. In at dolor vel enim congue convallis posuere a ipsum. Aliquam erat... READ MORE
Donec non nunc lectus, ut elementum ante. Vestibulum quis lectus sapien, a accumsan felis. In at dolor vel enim congue convallis posuere a ipsum. Aliquam erat volutpat. Sed eget sem sapien, sit amet dignissim arcu. Donec gravida lobortis sapien, ac bibendum nisi tincidunt vel. Sed porta sagittis... READ MORE
Donec non nunc lectus, ut elementum ante. Vestibulum quis lectus sapien, a accumsan felis. In at dolor vel enim congue convallis posuere a ipsum. Aliquam erat volutpat. Sed eget sem sapien, sit amet dignissim arcu. Donec gravida lobortis sapien, ac bibendum nisi tincidunt vel. Sed porta sagittis... READ MORE
Donec non nunc lectus, ut elementum ante. Vestibulum quis lectus sapien, a accumsan felis. In at dolor vel enim congue convallis posuere a ipsum. Aliquam erat volutpat. Sed eget sem sapien, sit amet dignissim arcu. Donec gravida lobortis sapien, ac bibendum nisi tincidunt vel. Sed porta sagittis... READ MORE
Donec non nunc lectus, ut elementum ante. Vestibulum quis lectus sapien, a accumsan felis. In at dolor vel enim congue convallis posuere a ipsum. Aliquam erat volutpat. Sed eget sem sapien, sit amet dignissim arcu. Donec gravida lobortis sapien, ac bibendum nisi tincidunt vel. Sed porta sagittis... READ MORE
Donec non nunc lectus, ut elementum ante. Vestibulum quis lectus sapien, a accumsan felis. In at dolor vel enim congue convallis posuere a ipsum. Aliquam erat volutpat. Sed eget sem sapien, sit amet dignissim arcu. Donec gravida lobortis sapien, ac bibendum nisi tincidunt vel. Sed porta sagittis... READ MORE

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