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.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.