TriNet, which provides human resources services for small and midsize companies, announced that it’s moving its 401(k) plan to Empower by the end of this year.
The plan, which has been administered by Transamerica, had $4.89 billion in assets and 273,375 participants according to the 2020 Form 5500 the company filed with the Labor Department.
TriNet said in its announcement that the move to Empower would allow it to provide more website capabilities, including Spanish translation, Saturday call center hours and Spanish-speaking representatives, and specialists to help participants with events such as divorce and hardships.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
