Lord Abbett will no longer provide bundled 401(k) services to the retirement plot market, and instead will focus on just offering investments to defined contribution plans Lord, Abbett & Co. LLC is exiting the business of offering bundled 401 (k) plans — and has agreed to transition its nearly $1.2 billion in 401(k) assets to The Hartford Financial Services Group Inc.Officials for Lord Abbett today said that the asset management firm will now focus on offering investments alone to defined contribution plans, rather than packaged products that included other services, such as record-keeping, to the 401(k) section of the retirement market.
Posts Tagged ‘Business Advisers’
Lord Abbett exits bundled 401(k) biz, handing off $1.2B to the Hartford
September 23rd, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: 401 K Plans, Asset Management Firm, Assets Under Management, Business Advisers, Financial Services Group, Financial Services Group Inc, Frank Gregory, Hartford Financial, Hartford Financial Services, Hartford Financial Services Group, Hartford Financial Services Group Inc, Lord Abbett, Mr Gregory, Open Architecture, Packaged Products, Plan Sponsor, Retirement Market, Retirement Plan Market, Retirement Plans, Retirement Services 
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