There is a growing trend of using participant data to cross-sell financial products unrelated to plan recordkeeping by large recordkeepers and asset custodians of employer-sponsored retirement plans.

Retirement plan providers—specifically, record-keepers, managed account providers and plan advisors—collect more detailed participant data than in years past. In many cases, providers gather ...

This story—the first in a PLANADVISER In-Depth series that focuses on participants—considers the jockeying for data in the retirement industry. Amid the rise of machine learning and continued digital ...

Participants are comfortable with providing a variety of personal data points to their financial advisers, in the hopes that they will, in turn, receive more personalized and relevant financial advice ...

Data is the new oil. Those who have access and can leverage it like the big tech companies, consumer marketers and financial service providers such as banks and credit card companies are profiting.

If the U.S. Department of Labor’s Notice of Proposed Information Collection Request, issued on April 15, 2024, becomes final, fiduciary retirement plan committees may be asked to evaluate the ...