Empower's planned acquisition of Prudential's retirement business will solidify its position as the nation's No. 2 record keeper.
As pooled employer plans hit the market, advisers increasingly are putting them on their radar as options for their plan sponsor clients.
Assets in defined contribution plans climbed to new highs in 2020, thanks almost entirely to stock market gains.
CAPTRUST Financial Advisors acquired RIA firm Nachman Norwood & Parrott Wealth Management, which advises some 50 plan sponsors.
Hub International acquired the operating subsidiaries of investment and consulting firm TCG Group Holdings.
Hub International acquired retirement plan consulting firm Aegis Retirement Group, adding 75 plan sponsors to Hub's growing roster.
Plan sponsors are keeping all options open in a quest to help participants build emergency savings.
Unum Group added a managed retirement fund to its 401(k) plan and paired it with automatic withdrawal options.
Record keepers are branching out into new areas of financial wellness to deepen relationships with plan sponsor clients.
Insurance broker Hub International acquired registered investment adviser firm Epstein Financial Services.
For the 12 months ended Sept. 30, record keepers saw their assets swell to $8.21 trillion, up 9.6%.
Voya Financial agreed to buy Benefit Strategies, a third-party administrator of health savings accounts.
OneDigital Investment Advisors acquired Future Benefits, a retirement plan consulting and wealth management services firm.
Record keepers are racing to roll out adviser managed accounts to satisfy RIAs clamoring for the new product.
OneDigital acquired RIA firm Westminster Consulting, adding more than 70 retirement plan clients.
Hub International acquired retirement plan consulting firm IBG Financial Partners.
Hub International has acquired the assets of retirement plan consulting firm Plan Sponsor Consultants.
CAPTRUST Financial Advisors acquired retirement planning and wealth management services firm Pacific Investment Consultants.
Vermont lawmakers are pushing a plan to reduce a widening shortfall in the state's retirement systems for teachers and state employees.
Vanguard Group made investment errors in the accounts of customers participating in Nevada's 529 plan.
Voya has reshuffled its leadership team as part of its strategy to broaden its retirement plan business.