About Malvern
Product Info
Partners
News
Contact Us
Request an RFP

About Malvern
    Our Mission Statement
    Biographies
        Ted Benna
    Our Technologies and Partners
    History of the 401(k)
    Contact Us...

News

• "A Legend Looks Back At the Breakthrough of the 401(k)" (PDF)
  Originally featured in the April 28, 2008 edition of Money Management Executive (www.mmexecutive.com)
  
  
• "To Roth Or Not To Roth" (PDF)
  Originally featured in the April 2006 edition of HR Management (www.hrmreport.com), HR Management is published by GDS Publishing Ltd. (www.gdsinternational.com)
  
  
• Ted Benna received the Lifetime Achievement Award from Defined Contribution News in May 2005. [Read Article] (subscription required)
  
  "Ted Benna, President of the 401(k) Association and chief operating officer of Malvern Benefits Corporation, has been a tireless advocate of the 401(k) savings vehicle for more than twenty years. Benna has also written extensively about 401(k) plans, authoring four books. He has also been a strong supporter of asset allocation portfolio strategies and fee transparency, as in 2001 he was one of the first to propose a structured portfolio that would also fit IRAs. While many have disagreed with him over the years, Benna has challenged vendors to think about the products they provide in different ways and how to maximize investment choices for participants.
  
  "Sometimes referred to as the "father of 401(k)," Benna gained Internal Revenue Service approval of the first 401(k) savings plan at the Johnson Companies in the early 1980s. Benna noticed a loophole in the IRS rules that allowed employees to put a percentage of their salaries into tax-free accounts. The IRS ruled that his idea--which was allowed by section 401(k) of the U.S. Revenue Act of 1978--was valid. Congress responded by limiting the amount that could be socked away in this manner. But the result was still huge. 401(k)-type plans went from serving a niche market to becoming the primary vehicle for Americans to save, and creating a bonanza for the mutual fund industry. The introduction of the 401(k) also helped bring about the Individual Retirement Account, and fundamentally changed the relationship to Wall Stree that most Americans have."
  
  
• Malvern/RolloverSystems Press Release (April 26, 2005) [Read Press Release]
  
  
• Malvern was featured in Institutional Investor magazine in the June 2004 issue. [Read Article] (subscription required)
  
  
• Malvern was featured in the June 2004 issue of Financial Planning Magazine. [Read Article] (free subscription required)