Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Retirement Investing

Recordkeepers Form Trade Group

Your article was successfully shared with the contacts you provided.

Independent companies that help run 401(k) plans have started their own organization.

The companies, independent 401(k) plan recordkeepers, have set up the Council of Independent 401(k) Recordkeepers, Arlington, Va.

Organization members will pronounce the acronym “CIKR” as “kicker,” CIKR founders say.

CIKR will represent companies that focus mainly on offering products and services other than proprietary investment products to retirement plans, the founders say.

CIKR will give independent retirement plan recordkeepers a voice in Washington on matters such as disclosure of recordkeeping fees, the founders say.

The first chair of CIKR will be Tommy Thomasson, president of DailyAccess Corp., Mobile, Ala.

In addition to DailyAccess, CIKR members include organizations such as the retirement services arm of Automatic Data Processing Inc., Roseland, N.J.; ExpertPlan Inc., East Windsor, N.J.; Milliman Inc., Seattle; and Reliance Trust Company, Atlanta.

CIKR is a sister organization of the American Society of Pension Professionals & Actuaries, Arlington.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.