Paychex, the large payroll services provider, will launch a pooled employer plan, or PEP, on Jan. 1, the first day the new plans can be provided under provisions of the SECURE Act.
As a pooled plan provider, Paychex will act as both plan sponsor and formal plan administrator, relieving employers — especially small to midsize businesses — of significant fiduciary and administrative burdens.
Businesses currently offering an employer-sponsored qualified retirement plan are able to merge their plan and assets into a pooled program to potentially save time and money, Paychex said in a release.
Mesirow Financial will serve as the 3(38) investment manager of the Paychex program and Mid Atlantic Trust Co. will serve as the trustee.
To help fund the proposal, the governor and Florida's finance chief are probing municipal finances on a "local government accountability tour" to uncover potential waste.
Edward Jones’ job cuts and overall realignment internally are contributing to higher costs for the company, it said in its recent quarterly report.
Meanwhile, Fifth Third's RIA arm adds a former billion-dollar BNY trio in Boulder, Colorado, while a hybrid RIA opens a new North Carolina location with a former Raymond James-affiliated team.
Analysis highlights swelling out-of-pocket costs and wasted time on paperwork, with an outsized toll on businesses and around crypto transactions.
The appointment to its investment management arm comes roughly a year after the firm first announced plans to launch its own exchange-traded fund platform.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
