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.
Transamerica was the top retirement plan provider
in two market segments, earning the most "Best in Class" cups for service to retirement plans with $10 million to under $50 million, and $200 million to $1 billion in retirement plan assets.
Several plan providers
suggested that the SSA could develop a capacity to train plan provider
representatives about Social Security.