TriNet, which provides human resources services for small and midsize companies, announced that it’s moving its 401(k) plan to Empower by the end of this year. The plan, which has been administered by Transamerica, had $4.89 billion in assets and ...

With more strategic decisions being made at home offices as retirement plan advisers turn their focus to serving clients, the four recent RPA roundtables revealed the status and direction of the adviser-sold 401(k) market. Each roundtable was unique, with senior ...

It seems that there are big winners and losers every decade in the 401(k) market, and the victors in the 2020s are still to be determined. Winners pivot and adapt, leaning into change and not wasting time and energy trying ...

In a move that should accelerate the convergence of wealth and retirement at work and concern all RPA aggregators that lack a robust wealth management practice, Creative Planning has acquired Lockton’s retirement division. The transaction, which marks the first time ...

Like a tropical storm threatening to become a hurricane as it picks up power, record-keeper consolidation in the adviser-sold 401(k) market continues. Last week’s announcement that Ascensus was purchasing Newport Group comes on the heels of Empower’s acquisitions of the ...

Goldman Sachs Asset Management and Ascensus, a Dresher, Pennsylvania-based plan record keeper and third-party administrator, have launched a retirement plan program for small and midsize businesses. The Goldman Sachs Workplace Retirement Solution provides an integrated 401(k) or 403(b) retirement program ...

At the heart of the convergence of wealth, retirement and benefits at the workplace are the professionals at broker-dealers who service retirement plans and advisers. Though their work is crucial, these broker-dealer professionals struggle to get the necessary resources and ...

The 401(k) record-keeper industry is following the path outlined in the brilliant 2002 Harvard Business Review article, “The Consolidation Curve,” which predicts that fragmented industries go through four stages of consolidation over a 25-year-period. The process ends with three to ...

Vestwell, a digital record-keeping platform for retirement plans, has hired Rob Molchon as its chief technology officer and promoted Ryan Anderson to chief product officer. Molchon was previously senior vice president of engineering at Integral Ad Science, where he was ...

Ameritas Life Insurance has acquired BlueStar Retirement Services, a Ponte Vedra Beach, Florida-based record keeper and third-party administrator. Terms of the deal were not disclosed. In addition to traditional 401(k) plans, BlueStar is a provider of multiple employer plans, serving ...