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.
CitiStreet's defined contribution plan clients are sticking with CitiStreet even though the firm is being sold.
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.
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.
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.
Increasing participation rates and explaining new automatic enrollment programs dominated the campaigns of many of the 2008 Eddy Award winners.
Fees and qualified default investment options were among the hottest topics at Pensions & Investments' 16th annual East Coast conference earlier this month in Palm Beach Gardens, Fla.
UBS Global Asset Management is the latest firm to jump on the retirement income bandwagon.
Executives overseeing 403(b) plans are switching to single bundled providers in anticipation of new IRS regulations set to go into effect on Jan. 1, 2009.
Fourteen months after the first round of 401(k) fee lawsuits was filed, five cases are awaiting trial and lawyers are laying the groundwork for more suits.