The Wrap: archive
Every The Wrap story in Retirement, newest first. 53 stories
1 story
PEPs are now won on distribution coverage, not plan design
The Standard's $5 billion pooled book and Transamerica's two national sales seats describe the same contest, in which the scarce asset is a field organization that can reach mid-market employers one segment at a time.
1 story
The Plan Website Becomes the Rollover Desk
Recordkeepers are embedding debt and wellness tools to hold the login after the last paycheck, and this week's evidence shows the digital layer, not the fund menu, now determines where the balance goes.
1 story
The 401(k) adviser becomes the endowment fiduciary
Prime Capital's OCIO launch and a five-point jump in requests for full-menu discretion point the same way: the retirement-plan RIA is consolidating fiduciary control across DC and nonprofit assets.
1 story
PSCA taps PNC's Dall; Alight adds a wealth chief
The two personnel picks show the DC industry moving value from the plan record to the participant's wealth relationship.
1 story
The 401(k) fight moves into payroll
Deel's API-first rollout and NPPG's $4.33 billion ProManage purchase make the same bet: the point of contribution now controls the plan relationship.
1 story
Principal wraps private markets in CITs while DOL's benchmark stalls
The recordkeeper is attaching its own oversight to target-date CITs, aiming at the 3 percent of defined-contribution assets still stuck in alternatives while the DOL's benchmark stalls.
1 story
Debt sends retirement M&A into the contribution layer
With managed accounts posting a measurable contribution lift and debt outranking saving, buyers are moving past recordkeepers to the feature that answers the squeeze.
3 stories
Retirement managed accounts shift to adviser-controlled rails
Vanguard opens custom models to outside platforms, Pontera reaches held-away 401(k)s without custody, and SEI clears the back office with AI. The adviser's desktop is becoming the point of assembly for retirement capital.
T. Rowe's $19 billion bond bet moves target-date fight into the sleeves
The F/m deal buys the fixed-income engine CITs demand. PGIM's private-markets hire shows the next front is inside the fund.
Stash adds 401(k) rollovers to its app; Voya lands D.C. recordkeeping
Stash lets customers roll old 401(k)s into IRAs without leaving the app; Voya wins recordkeeping for D.C.'s public retirement plans.
1 story
Annuity records mask the advice gap
MassMutual Ascend crossed $2 billion in advisory sales. LIMRA data shows advisors are still not converting demand into income plans.
1 story
The 401(k) Fight Now Starts Before the Recordkeeper Is Chosen
OpenArc and Mesirow are moving to control plan design before a recordkeeper is hired, shifting who shapes the menu.
1 story
Private deals are closing; the DOL benchmark remains missing
The safe harbor for private assets in 401(k) plans cannot work without a meaningful benchmark, and the latest deal data shows private fund managers still haven't produced one.