Across all DC advisory market segments, proprietary TDF offerings established by the
plan provider are recommended by 48% of advisers, while target-date funds offered by an external asset manager are recommended by 42%.
It's crunch time for defined-contribution
plan providers.
NWPS) has acquired Seattle-based retirement
plan provider Trautmann, Maher and Associates (TMA), the company said.
In two thirds of cases, the
plan providers have initiated this discussion.
In today's economic environment, how can retirement
plan providers help prepare plan sponsors and their participants for the future, while offering solutions for a secure retirement?
For a number of reasons, some 401(k)
plan providers are turning down withdrawal requests from investors.
Raman Sanakaran, a director of Leeds-based health
plan provider LHF, said: "Today's competitive and pressured working environment has made it difficult for anyone to speak up about an illness or take time off.
After some minor edits, they distribute their RFP to qualified plan and nonqualified
plan providers alike, often with only a one-week turnaround deadline.
In fact, rollovers in general will add additional administration costs for
plan providers.
Medicash is one of the largest health cash
plan providers in the UK, with a turnover of pounds 22m, and has been in existence since 1871.
Several
plan providers suggested that the SSA could develop a capacity to train
plan provider representatives about Social Security.
