401(k) record keepers launch CIKR

An association has been formed to educate and advocate about issues relevant to 401(k) independent record keepers.
JUN 05, 2007
A group of independent 401(k) plan record keepershave formed a new organization called the Council of Independent 401(k) Recordkeepers. The goal of this Arlington, Va.-based organization is to educate and advocate about issues relevant to independent record keepers, the group said in a statement. Membership in CIKR consists of independent 401(k) plan record keepers that provide their services directly to plan sponsors or through other retirement plan service providers. “The CIKR organization will now give independent 401(k) plan record keepers a voice in ongoing policy discussions concerning the disclosure of fees and other record-keeping issues relating to 401(k) plans,” said Tommy Thomasson, CIKR chairman and chief executive of DailyAccess Corporation, in a statement. Already, 14 companies are part of this organization, including Princeton, New Jersey-based ExpertPlan Inc.; Seattle-based Milliman Inc.; Peoria, Ill.-based The Alliance Benefit Group and Atlanta-based Reliance Trust Company.

Latest News

How AI search aided scam from phony NFL player, fake financial advisor
How AI search aided scam from phony NFL player, fake financial advisor

Daejon Love and Taylor Chan's $1.3 million romance fraud scheme exposes how AI search engines can be manipulated by fabricated online identities

Schwab ordered to pay clients $1.34 million in crypto dispute involving elderly client
Schwab ordered to pay clients $1.34 million in crypto dispute involving elderly client

“It was a third party scam,” said the attorney representing the claimants.

RIA moves: Mercer adds to Atlanta presence with veteran advisor from Northern Trust
RIA moves: Mercer adds to Atlanta presence with veteran advisor from Northern Trust

Meanwhile, &Partners draws another Commonwealth practice, and Wealthcare welcomes a $550 million planning practice in the Northeast.

CogniCor adds wealthtech veterans to board in renewed RIA push
CogniCor adds wealthtech veterans to board in renewed RIA push

Palo Alto AI platform recruits RIA and fintech leaders as industry data show AI adoption reshaping advisor staffing.

Advisor moves: Merrill draws $1.2 billion UBS team in New Mexico
Advisor moves: Merrill draws $1.2 billion UBS team in New Mexico

Meanwhile, Raymond James, Wedbush, and LPL recruited veteran advisors from across Texas, North Carolina, and California.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income