Financial Engines’ Rennie Worsfold Named to the U.S. Department of Labor’s ERISA Advisory Council
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SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 16, 2014-- Financial Engines (NASDAQ:FNGN) today announced that Rennie Worsfold, vice president of Financial Engines, has been named a new member of the Advisory Council on Employee Welfare and Pension Benefit Plans, otherwise known as the ERISA Advisory Council.

The council consists of 15 members appointed by the U.S. Secretary of Labor to provide recommendations regarding the Secretary’s functions under ERISA. Worsfold was appointed to a three-year term as the representative for the investment management industry. Other fields represented on the council include insurance, corporate trust, actuarial counseling, investment counseling and accounting.

“I’m honored to be a new member of the Council and look forward to helping it address the important issues facing retirement plan sponsors as they create vibrant plans for their employees,” said Worsfold.

“As the nation’s largest independent registered investment advisor, Financial Engines regularly participates in the legislative and regulatory process, providing our expertise and insight to policy-makers including the U.S. Department of Labor, ” explained Lawrence M. Raffone, president of Financial Engines. “We are pleased that they have selected a Financial Engines representative to be on the Council that will bring our experience to bear on the issues facing employers creating retirement plans and participants as they prepare for retirement.”

About the ERISA Advisory Council

Section 512 of the Employee Retirement Income Security Act provides for the establishment of an Advisory Council on Employee Welfare and Pension Benefit Plans. The duties of the council are to advise the secretary of labor and submit recommendations regarding the secretary's functions under ERISA. Information about the council is available at http://www.dol.gov/ebsa/aboutebsa/erisa_advisory_council.html.

About Financial Engines

Financial Engines is America’s largest independent investment advisor1. We help people make the most of their retirement assets by providing professional investment management and advice. Headquartered in Sunnyvale, CA, Financial Engines was co-founded in 1996 by Nobel Prize-winning economist Bill Sharpe. Today, we offer retirement help to more than nine million employees across 600 companies nationwide (including 145 of the Fortune 500). Our investment methodology, combined with powerful online services, dedicated advisor center and personal attention allow us to help more Americans get on the path to a secure retirement.

Advisory and sub-advisory services provided by Financial Engines Advisors, L.L.C., a federally registered investment advisor and wholly-owned subsidiary of Financial Engines, Inc. Financial Engines does not guarantee future results.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the use of professional investment and financial planning help, which involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are outlined in our SEC filings. You are cautioned not to unduly rely on these forward-looking statements, which speak only as of the date of this press release. Unless required by law, Financial Engines undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to report the occurrence of unanticipated events.

1 For independence methodology and ranking, see InvestmentNews RIA Data Center. (http://data.investmentnews.com/ria/).

Source: Financial Engines

Financial Engines
David Weiskopf, 408-498-6555
dweiskopf@financialengines.com