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Friday, May 17, 2019 The Fundster 401k Roundup, May 3-17 RKer Reports
A host of recordkeepers and their clients won PSCA Signature Awards at the trade group's annual conference. Prudential and its plan sponsors led the pack with five awards. Earnings and full-service sales are on the rise in Voya's retirement unit, event as expenses and revenue fell. That Manulife global wealth and asset management rebranding is affecting its John Hancock Retirement Plan Services business here in the U.S. Principal is launching anew retirement plan program targeted at small and medium-sized plan sponsors. A student loan repayment specialist teamed up with a 401(k) recordkeeper. DC I-O DispatchesRick Luchinsky brought an Allianz alum to American Century as senior retirement strategist. MPI helped a DC I-O giant launch a new evaluation tool for target date funds. Manny Roman picked a 13-year Pimco veteran to lead retirement solutions at the firm. The Natixis team welcomed a CIO oversee TDFs and more. Advisor UpdatesA 401(k) plan advisor (KPA) duo with $5.2 billion in client assets aligned with GRP Financial as their RIA and OSJ. Aggregator AccountsTroy Hammond promoted three key Pensionmark leaders. Hammond and his team also hosted their 18th annual conference, where they gave awards to three Pensionmark advisors and one team. After an acquisition, a wirehouse's workplace wealth and retirement plans chief shifted amid a reorg, and new hires joined the team. Government GossipTwo U.S. Senators introduced a bill that includes a host of retirement plan reforms, much to the delight of defined contribution industry insiders. TPA TalkAn acquisitive, midwestern TPA bought another firm, this time in southern Virginia. As always, this edition of MFWire's Fundster 401k Roundup column is powered by our DC-focused sister publication, 401kWire! Printed from: MFWire.com/story.asp?s=59728 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |