Retirement-Plan Firms See Money in Nonprofits
BOSTON, December 4, 2009, TheStreet.com — Federal regulations are shaping how nonprofit organizations manage employee benefit plans for the first time in almost 45 years.
As a result, companies are scrambling to meet the Dec. 31 deadline for compliance. Retirement-management firms have scoped out a new opportunity. MassMutual, for example, recorded a 76% increase in nonprofit-retirement-plan sales in the year through October.
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