Retirement Industry People Moves – 3/7/25
Voya revises workplace solutions leadership; Endeavor Retirement adds Christine Masoni; Sarah Mouser joins Verdence Capital Advisors and more.
News
The Standard Touts $2 Billion Milestone in PEP Assets
The company entered the PEP market in August 2023 after its acquisition of Securian Financial’s retirement plan recordkeeping business.
403(b) Plans Have Special Considerations When Complying with SECURE 2.0
Speakers during Wednesday’s PLANSPONSOR Roadmap Livestream session, “Special Considerations for 403(b) Plans,” discussed rules for long-term, part-time employees, the formation...
Product and Service Launches – 3/6/25
SEI launches an alternative investment product marketplace; Madison Investments launches CITs with SEI; and Zeplyn offers new workflow capabilities for...
Vanguard Credits Strong Plan Design and Markets for Improved Account Balances
With more defined contribution retirement plans offering automatic features and increasing default deferral rates, Vanguard found that participant outcomes remained...
PPL Corp. Agrees to Settle Participant Lawsuit Over TDFs for $8.2M
Workers at the energy company claimed that PPL included underperforming target-date investments from Northern Trust in four of its retirement...
OCIO Market Totals Nearly $4.8T, Says Chestnut Advisory
The largest OCIO provider is Mercer, with $548 billion in outsourced assets under management. Captrust is the fifth largest provider,...
Social Security Administration Announces Staff Downsizing Plans
The SSA recently set a staffing target of 50,000, down from its current level of approximately 57,000 employees, according to...
Many Plan Sponsors Don’t Feel Responsibility for Participant Retirement Goals
MFS found that plan sponsors earned a C+ grade for their confidence in their participants’ ability to retire at the...
Treasury Secretary Bessent Announces JR Gibbens as Sovereign Wealth Fund Adviser
Gibbens joins the Treasury from the Office of Strategic Capital, a unit of the Department of Defense that invests in...
Participant Data at Community Colleges, Public Schools Exposed in Breach at TPA
A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than...
Private Equity on Comeback Trail for 2025, Says McKinsey
In 2024, private equity returns declined to 3.8%, the third consecutive year in which the public markets outperformed the asset...
What DOL Layoffs Could Portend for EBSA’s Future
Probationary employees and the head of the agency’s division of employee ownership were recently terminated amid President Donald Trump’s efforts...
A Dual Quest for Participant Assets
How can both recordkeepers and advisers work with participants, and what should those relationships look like?
What Recordkeepers Want From Advisers
The crux of a good partnership with an adviser is the willingness to work together, including an open dialogue about...
What Makes the Best Dynamic Adviser-Recordkeeper Partnerships?
Advisers tell us what they look for in recordkeepers, from a willing approach to administrative grunt work to the ‘critical’...
ERISA Advisory Council Status Unclear
The ERISA Advisory Council has not yet set a date for the year’s first meeting, and the DOL has also...
Prime Capital Financial Acquires SineCera Capital
Renamed as Prime Capital Family Office, the Austin-based team will focus on ultra-high-net-worth clients.
Retirement Industry People Moves – 2/28/25
Principal appoints head of retirement solutions; benefits attorney joins Wagner Law Group; Variant Investments appoints head of institutional sales; and...
SECURE 2.0 Provisions Should Boost Adviser Revenue in 2025
Two-thirds of plan advisers say the newly enacted provisions will increase their revenue, in addition to increasing employee participation, according...