New York, NY (PRWEB) May 27, 2011
Upcoming changes to fee disclosure regulations and renewed focus on Plan Sponsor fiduciary obligations, driven by fee litigation, are impacting many 401k administration providers. In particular, providers who have traditionally relied on bundled investment management and recordkeeping deals will be challenged by the changing economic landscape. To remain competitive, providers need to fully grasp and properly apply these new rules as well as to re-evaluate their existing operating models to identify potential revenue implications. Minimizing the impact on profitability will require focus on improving end-to-end business processes and understanding the overall cost-of-service delivery.
So, what are the changes and what do they mean to affected parties? To find out, join Dave Schuette, Knowledgent’s Managing Partner, at the 2011 Society of Professional Asset-Manager and Record Keepers (SPARK) National Conference on June 12-14, 2011 at the Mandarin Oriental Hotel in Washington, D.C. His session “Maximizing profitability through effective operational cost management”, on Tuesday, June 14th from 9:05am to 9:55am, explores these questions and sheds light on how industry leaders are complying with the changes and achieving operating effectiveness and profitability by streamlining their internal operation models and underlying costs. To find out more or how to join the discussion, visit http://www.sparkusa.org/spark-national/agenda.php.
Knowledgent (http://www.knowledgent.com) is a leading industry consulting and information management firm. It combines deep industry expertise with advanced information management capabilities to maximize the value of information to empower clients to make informed strategic decisions. Knowledgent leverages large-scale analytics, unstructured data mining, semantic integration and master information management to help clients optimize business operations. Founded in 2009, Knowledgent has offices in New York City, New York and Warren, New Jersey.