Elena Barone Chism is Associate Counsel - Pension Regulation for the Investment Company Institute
Lawrence Maffia, Executive Vice President, Investment Company Institute
Grohowski, who will start at IAA in March, is currently an associate general counsel with the Investment Company Institute
(ICI), with primary responsibility for a wide range of issues arising under the Investment Advisers Act of 1940 and the Investment Company Act of 1940.
Principal Funds announced today the naming of Karrie McMillan, former general counsel of the Investment Company Institute
(ICI), to its board of directors.
At year-end 2012, 41% of 401(k) participants held target-date funds (TDFs), according to "401(k) Plan Asset Allocation, Account Balances and Loan Activity in 2012," a report jointly released this past December by the Investment Company Institute
(ICI) and the Employee Benefit Research Institute (EBRI).
Research shows that participants of all ages and incomes increasingly prefer to access information online and we believe that doing so makes it easier for participants to act on the information," says David Abbey, senior counsel-pension regulation, of the Investment Company Institute
In a recent survey from the Investment Company Institute
, a majority of households indicated they are confident that retirement plan accounts can help people reach their retirement goals.
In a separate report suggesting a rebound in mutual fund sales, the Investment Company Institute
reported on April 29 that there was $9.
5 billion out of the stock market, reports the Investment Company Institute
in Washington, D.
The amendment to repeal the provision met with strong opposition by some business associations, such as the National Association of Manufacturers and the Investment Company Institute
, which argued that the costs of full-scope pension audits would be extremely expensive and a burden on plan sponsors.
The 2014 Investment Company Institute
Fact Book draws a different picture of millennials.