Financial Engines, which claims to be America's largest independent RIA, announced on Wednesday that it is expanding its services to include management of individual retirement accounts (IRAs). IRA management includes access to Financial Engines' retirement income feature, Income+. The company is now managing IRA assets for 401(k) participants from select plan sponsors.
Related story: 80 percent of adults don't have IRAs
The company reports that over all, 70 plan sponsors have signed contracts for Income+ as of March 31, representing $126 billion in assets and 1.4 million participants.
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