Independent 401(k) plan recordkeepers and the companies that support them want more control over their destiny.
The recordkeepers recently set up their new group, the Council of Independent 401(k) Recordkeepers, Arlington, Va., to influence the laws, regulations and batches of guidance pouring out of Washington.
Tommy Thomasson, the first chairman of CIKR (pronounced “Kicker”), talked about the founding of the group during an interview.
“The need has been there for a while,” says Thomasson, who is president of DailyAccess Corp., Mobile, Ala,
Up till now, there “hasn’t been a voice for independent agents,” Thomasson says.