Cynthia L. Egan, president of the Retirement Plan Services unit of T. Rowe Price, another big administrator, said, "Most of them are looking to restore it as soon as it makes sense for their business".
Fidelity Investments, the largest purveyor of mutual funds, is also the biggest administrator of 401(k) programs for corporations.
Today, via its overseas territories, Britain is the single biggest administrator of tax havens.
So if most employees are to gain access to individualized advice, it will likely be as part of a package from one of the big plan administrators.
Why does there seem to be a college arms race for big-name professors who might not be good teachers, or big-name administrators whose compensation sometimes nears seven figures?
As one of the biggest such administrators, Fidelity has a significant edge in attracting money.
Perhaps the biggest task, administrators say, is simply making alumni and other potential donors aware that public campuses can no longer get by on public money.
To those who favor a chief executive officer, Dr. Rizzo is typical of many big-city administrators, a former principal who understands how classrooms work but sometimes loses her way in the thicket of labor contract clauses.
Says hedge fund consultant Jason Scharfman: "Part of the reason big-name administrators are winning more hedge fund assets is that they offer a false appearance of comfort and illusions of due diligence.
The big myth about administrators is 'it's always negative.
