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It also include 3(21), 3(38) and 3(16) fiduciary support for plan sponsors

kstephens@altoonamirror.com HOLLIDAYSBURG — A study of Blair County’s pension plan has identified liabilities of $92.24 million based on a closer examination of contributing factors. The calculation came in $1.26 million higher than a previous amount based on estimated retirement dates, life expectancy rates, investment income and related factors. “It’s not what we wanted to see, but maybe it’s what we needed to see,” retirement board Chairman Bruce Erb said Wednesday in a review of the study. Based on the results, Erb is recommending the county adopt a policy of increasing the ge...

Raymond James Financial Acquires NWPS Raymond James Financial Inc. has reached an agreement to acquire NWPS Holdings Inc., which does business as NWPS and Northwest Plan Services. NWPS and Northwest Plan Services provide retirement plan administration, consulting, actuarial and administration services, and are based in Seattle, Washington. The transaction is expected to close before December 31. The addition of NWPS is meant to allow Raymond James to expand its retirement services offerings, including retirement plan administration services, to advisers and clients. The firm’s leadership sa...

Posted December 10th, 2020 for Raymond James ST. PETERSBURG, Fla. – Raymond James Financial, Inc. (NYSE: RJF) announced today that it has reached an agreement to acquire NWPS Holdings, Inc., doing business as NWPS and Northwest Plan Services, an independent provider of retirement plan administration, consulting, actuarial and administration services based in Seattle, Wash. The transaction is expected to close before Dec. 31, 2020. The addition of NWPS allows Raymond James to expand its retirement services offerings, including retirement plan administration services, to advisors...

Raymond James buys 401(k) plan provider NWPS In an unusual move, a broker-dealer is picking up a plan administrator December 10, 2020 2 MINS Raymond James has moved into retirement plan administration with its announcement Thursday that it is buying a consultant and record keeper that oversees $35 billion in plan assets. The broker-dealer is acquiring Seattle-based NWPS Holdings and expects to close the deal before year-end. The strategy runs counter to that of other broker-dealers. Very few have an associated plan administration business and some have offloaded such bus...