When not leading the retirement services group at New York Life Retirement Plan Services Don Salama is driving professional race cars.
The business of providing services to defined contribution plans will return to its roots, with investment-only providers and insurers poised to recapture market share.
With new 403(b) regulations looming, plan providers, consultants and plan sponsors are changing how they market, advise and manage the plans.
Embedding annuities into target-date funds might be the key to offering annuities as an investment option in 401(k) plans.
Employers are slowing the pace of replacing traditional defined benefit plans with defined contribution plans as they anticipate conversions to hybrid plans, according to Watson Wyatt.
Some large defined contribution plans are dropping target-date funds offered by their bundled provider in favor of customized funds from investment-only shops.
CitiStreet's defined contribution plan clients are sticking with CitiStreet even though the firm is being sold.
Defined contribution investment consultants overwhelmingly believe DC plans should use customized target-date and target-risk portfolios.
Defined contribution plan execs are unprepared for upcoming accounting changes, leaving themselves open to IRS scrutiny, according to a new survey.
Defined contribution plans increasingly are turning to global equity funds as an investment option, while a relative handful are starting to adopt enhanced indexed equity options.
California has joined a growing list of states interested in allowing private-sector employees to invest their retirement savings through a state pension plan.
The Labor Department wants an appeals court to reverse a decision dismissing the 401(k) fee class-action lawsuit against Deere & Co. and Fidelity Investments.
Some of the most creative yet challenging education campaigns entered into this years Eddy Awards from Pensions & Investments were in the special projects and conversion categories.
Increasing participation rates and explaining new automatic enrollment programs dominated the campaigns of many of the 2008 Eddy Award winners.
A growing number of 401(k) plan executives are demanding to know how much in excess revenue is generated by their plans and how they can get their hands on that money to cut costs and enhance services to participants.