Pension Consultants named a 2016 PLANSPONSOR Retirement Plan Adviser of the Year finalist

(Springfield, MO, February 23, 2016) – Pension Consultants, Inc., a leader in offering in-depth, un-conflicted advice on every aspect of retirement plan management, was recently named one of five finalists for the 2016 PLANSPONSOR Retirement Plan Adviser of the Year award. PLANSPONSOR, a national publication, is the leading authority on retirement and benefits programs and is dedicated to helping employers navigate the complex world of retirement plan design and strategy.Continue reading

What Does Record Keeper Consolidation Mean for You as a Plan Sponsor?

Over the past several years the retirement planning industry has seen a number of large mergers and acquisitions among record keepers.  John Hancock bought New York Life; Great-West, Putnam, and JP Morgan became Empower; OneAmerica bought BMO; and Transamerica bought Mercer just to name a few.  This industry consolidation has been driven by rising technology costs that have made smaller record keepers less competitive.  It has also resulted in commoditization of record keeping services. Continue reading