Edward Jones and CPI Launch 401(k) Program
Kansas-based retirement service provider, CPI Qualified Plan Consultants, Inc., is releasing a 401(k) program available exclusively to Edward Jones financial advisers.
Tag: 401(k)
McGraw-Hill Develops Plan Review Materials
McGraw-Hill Financial Communications and ExpertPlan, Inc., are rolling out a presentation tool for financial professionals to use with 401(k) plan sponsor clients, called the Annual Plan Review Book.
Majority of Employers Plan to Reinstate Match
The results of the 12th Annual Transamerica Retirement Survey reveal employer confidence is rising and it appears to be translating into a renewed commitment to retirement benefits for...
FRC Predicts Regulations Will Squeeze Profits
Pressure is growing on plan providers as regulators and legislators continue to scrutinize fees and outcomes of defined contribution (DC) plans, according to a recently published study by...
Average 401(k) Expense Ratio Declines
According to an annual report by the Investment Company Institute (ICI), 401(k) plan participants invested in stock mutual funds on average paid lower expense ratios in 2010.
IMHO: Chances Are…
I’ve long adhered to the wisdom of having a “Plan B,” a fallback position if the things you hope will work out—don’t.
Court Grants Class Certification in First Horizon 401(k) Suit
The U.S. District Court for the Western District of Tennessee has granted conditional class certification in a lawsuit concerning the 401(k) plan of First Horizon National Corporation (FHN).
Putnam Releases App to Encourage "Impulse Saving"
Putnam has introduced an iPhone application allows participants to find savings opportunities through comparison shopping, and then immediately direct that savings to their 401(k) account.
NFL Team Halts 401(k) Plan Contributions
The Buffalo Bills have stopped paying into the 401(k) plan for employees during the NFL lockout and potentially the rest of the year.
Insperity Offers Enhanced 401(k) Contribution Deposit Feature
Insperity, Inc. announced a streamlined 401(k) deposit feature for its Workforce Optimization Solution clients.
Groups Urge Court to Review Kraft Ruling
The ERISA Industry Committee (ERIC) and other groups are urging a federal appellate court to rehear a case which found fiduciaries at Kraft Foods may have breached their...
Automated Programs Lead to Improved 401(k) Results
Bank of America Merrill Lynch’s Retirement & Benefit Plan Services quarterly report on plan participant contribution activities found many plan sponsors are using a combination of automated and...
Fidelity Shows Positive Changes Made After Education
Fidelity Investments announced two records set among Fidelity-administered 401(k) plans.
Nationwide Offers Retirement Plans FDIC-Insured Product
Nationwide Financial Services, Inc. has added the Nationwide Bank FDIC Insured Deposit Account option to its menu of retirement plan offerings.
Mutual of Omaha Adds 401(k) Wholesalers in the Southeast
Mutual of Omaha has announced the appointment of two new retirement plan wholesalers, Joe Gibson and Daniel Roebuck, and the promotion of Joe Reese and Paul Tavella to...
Court Rejects 404(c) Defense in Certifying Stock Drop Suit Class
A U.S. District Court has certified as a class action a suit against YRC Worldwide that claims it offered company stock as a 401(k) investment option when it...
Settlement Reached in PFF Bancorp Suit
A court approved a $3 million settlement of a case accusing PFF Bancorp Inc of continuing to purchase and invest in company stock for its 401(k) plan and...