Aside from the lack of use of auto-enrollment, NAGDCA’s current benchmarking survey found some similarities between government DC plans and their private-sector counterparts.
They are trying other strategies, but DB plan sponsors are concluding that they and their employees would be better served by shifting risks to life insurers.
Gallagher promotes consultant to retirement plan leader; Hall Benefits Law adds ERISA attorney to compliance counsel; and Prudential Retirement announces new customer solutions head.
AutoZone plan fiduciaries are accused of permitting Prudential to steer an excess of assets towards its own proprietary products via the GoalMaker asset-allocation solution.
Investment Metrics releases institutional portfolio data tool; Vantagepoint implements private alternative assets; Avantis selects State Street as ETF service provider; and more.
"We will be reaching out to plan sponsors about our target-date CIT series,” Jennifer Delong, head of defined contribution at AllianceBernstein, tells PLANSPONSOR.