Keyword: Paychex

Last Week’s Top 5 Posts on NAPA Net

Last week’s top five most-read posts on NAPA Net reflected keen interest in the IRS’ post-Windsor guidance for qualified plans, the implications of Great-West’s acquisition of JP Morgan’s record keeping business, ways to improve the effectiveness of investor education, Paychex’s application of equitable revenue sharing and the decreasing revenue per dollar under management by plan advisors.   Read More

Top 10 Record Keepers

Who are the top 10 DC record keepers? This question and others are answered in the PlanSponsor’s 2012 annual survey now in its 15th year. Along with top 401(k) record keepers, the top 403(b), 457, ESOP and Non-Qualified providers are listed along with those that have the most assets and participants per plan.
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Dalbar Ranks Providers on Fee Disclosure

A new in-depth study conducted by Dalbar ranks providers on their 408(b)(2) compliance efforts. Based on the technical requirements of 408(b)(2), Dalbar’s “Transparency Analysis” evaluated and ranked record keepers and others according to five criteria: overall usefulness, cost estimates, description of services, fiduciary status and conflicts of interest.   Read More

Acquisition Bug Bites Ascensus

Ascensus will purchase ExpertPlan, 401kWire has reported, significantly boosting its number of plans under management from about 25,000 to over 40,000 and making it one of the largest providers in the DC industry. The sale of Ascensus, owned by private equity fund JC Flowers, was reported to be close earlier this year, but the deal never went through — with some speculating that Ascensus could then go shopping to beef itself up for an IPO.   Read More