Results for "defined contribution plans"
Displaying 512 results
May 6, 2009
By Mark Bruno Investment executives and retirement plan officials will band together over the next several months to propose some radical enhancements to the nation's 401(k) system, said Robert Reynolds, president and CEO of Boston-based Putnam...
March 25, 2009
Thirty-four percent of U.S. employers have reduced or eliminated matching contributions in their defined contribution plans in 2008, and 29% of employers plan to do so in the next 12 months, according to a study released today. Meanwhile, 20%...
March 25, 2009
Mercer LLC announced today that it will offer its defined contribution plan administration services directly to financial advisers after ending an exclusive relationship with Putnam Investments of Boston. The firm offers consulting, outsourcing...
March 25, 2009
Putnam Investments of Boston today launched a new defined contribution platform for advisers and clients, signaling its expansion into the 401(k) market. The platform will provide plan sponsors with a range of investment choices, plan designs...
March 18, 2009
The nation's retirement assets shrank by nearly 25% last year and lost more than $2.4 trillion in market value, according to a new report from Chicago-based Spectrem Group. Total assets held in retirement plans both traditional defined-benefit...
October 28, 2008
MFS Investment Management of Boston announced today the formation of a business development office for the defined contribution investment only market. Matt Gannon will serve as senior vice president and director of DCIO and strategic alliances...
August 22, 2008
The Department of Labor has announced final publication of two proposed rules designed to enhance access to financial advisers by defined contribution participants and individual retirement account holders. The proposed rules would clarify advice...
February 28, 2008
The U.S. Department of Labor announced a proposed rule to provide increased protection for employee contributions deposited to pension and welfare-benefits plans for smaller firms. The proposal provides a safe harbor of seven business days following...
February 12, 2008
Lincoln Financial Group has hired Cynthia King to be head of products for the Philadelphia-based companys Employer Markets Defined Contribution and Executive Benefits Business segment. Ms. King will be responsible for defined contribution...
January 7, 2008
Former Fidelity Investments vice president Dave Liebrock has joined Captrust Financial Advisors, an independent advisory firm, as the company's senior vice president in Boston. He worked at Fidelity Investments Institutional Services Company...
December 18, 2007
The U.S. Department of Labor plans to start fining defined contribution plan administrators up to $1,000 a day if they fail to disclose certain documents to participants. Under the Pension Protection Act of 2006, provisions were established...
October 10, 2007
The Pension Protection Act of 2006 has not improved the security of defined benefit pension plans, the chief policy actuary of the Pension Benefit Guaranty Corp. said today. An analysis done by the PBGC found that PPA may not have significantly...
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