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.