SPARK and SPARK Institute Reorganize as a Single Non-Profit

The ten companies funding the reorganization comprise retirement plan service providers and investment managers that make up the association, the institute says. They include Ascensus, BlackRock, DST Retirement Solutions, Great-West Retirement Services, The Guardian Life Insurance Company of America, J.P. Morgan Asset Management, Lincoln Financial Group, Prudential Retirement, SunGard and Wells Fargo & Company.

“This reorganization is an important step in the evolution of The SPARK Institute,” Metcalfe says in a prepared statement.  “It provides the Institute with the structure and resources necessary to support a broader and more active public policy agenda, provide greater flexibility to increase partnerships with other non-profit advocacy and industry organizations, and assure the permanency of the association.”

Wuelfing noted the reorganization will not change the benefits for former SPARK and SPARK Institute members and that Larry Goldbrum, general counsel, and other staff will continue in their positions.