Products October 11, 2011
Diversified Announces New Clients in Higher Ed Market
October 11, 2011 (PLANSPONSOR.com) – Diversified has announced two new business wins in the higher education retirement plan market.
Reported by
Rebecca Moore
Diversified will provide services for a $12 million 403(b) retirement plan with 972 plan participants, sponsored by Golden Gate University of San Francisco, California. Erik Daley of Multnomah Group handled the search.
In addition, Diversified will provide services for a $12.4 million 401(k) retirement plan with 802 plan participants, sponsored by Remington Colleges, Inc. based in Heathrow, Florida. Larry Middleton of Stephens Inc. handled the search.You Might Also Like:
As CIT Adoption Surges, Retirement Industry Races to Modernize
Operational bottlenecks are drawing renewed scrutiny as Congress considers opening the $1 trillion 403(b) market to collective investment trusts.
30 Retirement CEOs Back Senate Bill Permitting CITs in 403(b)s
The legislation has stalled in the Senate, as other policy priorities loom before the August recess and midterm elections.
SIFMA Coalition Urges Senate to Advance CIT, E-Delivery Bills
According to the trade groups, the legislation should anchor a Senate package aimed at both strengthening capital formation and protecting...
