The Department of Labor’s release of the fiduciary rule wasn’t the only news inthe retirement industry this week. Personnel changes, a planprovider selection, and innovations around 401(k) and IRA assetsalso took place.

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Voya

At Voya Investment Management, the asset management business ofVoya Financial, Inc., Barbara Reinhard was named head of assetallocation for the firm's Multi-Asset Strategies and Solutions(MASS) team. Reinhard, who is based in New York, reports to PaulZemsky, chief investment officer, MASS.

The MASS team, which, as of December 31 oversaw $27 billion inassets under management, designs customized and packaged multiassetsolutions, including target-date funds.

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Groom Law Firm, Chartered

On the legal side, Erin Cho and David Olstein joined theFiduciary Responsibility group at Washington, D.C.-based Groom LawFirm, Chartered.

Cho advises asset managers, broker-dealers and investmentbankers on the services and products they offer to U.S. pensionplans. Olstein's practice focuses on the fiduciary responsibilityprovisions of ERISA.

Pentegra Retirement Services

Pentegra Retirement Services has announced that Matt Petersenhas joined as regional director for its qualified retirement plansales. He reports to Pete Swisher, senior vice president ofnational sales, and will spearhead business development efforts forthe upper Midwest. He was most recently a regional vice presidentwith Transamerica Retirement Solutions.

Raymond Corporation

The Raymond Corporation chose Fidelity Investments as its 401(k)provider. Fidelity consolidated multiple retirement plans into asingle 401(k), with $235 million in assets under management andparticipants ranging in age from millennials topost-retirement.

IRA Services

And IRA Services launched ISCP, a real-time, cloud-based,application program interface (API)-driven retirement investmentsolution for the peer-to-peer (P2P) industry. ISCP providesplatform investors with the ability to fund their P2P andcrowdfunding investments through their 401(k) and IRA accounts,allowing real-time access to over $12 trillion dollars of capitalfor the P2P industry.