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NAGDCA elects new president
truePolly Scott was elected president of the executive board of the National Association of Government Defined Contribution Administrators.
Leesburg, Fla., scouting for record keeper for 2 DC plans
trueLeesburg, Fla., is searching for a record keeper for its 401(a) and 457 retirement plans with $11.8 million in assets combined.
Golden, Colo., issues call for investment consultant
trueGolden, Colo. is searching for a consultant for its 401(a), 457(b) and retirement health savings plans, which have combined assets of $46.5 million.
Website pop-ups used to reassure participants during stock volatility
trueSeparate pop-up notices were posted on the websites of the Florida Retirement System 401(a) defined contribution plan and the State of Florida 457(b) deferred compensation plan to allay participants' fears when the stock market plummeted in August, including the 1,089.42-point fall in the Dow Jones ...
Software glitch putting custody arrangements in spotlight
trueSoftware problems late last month at Bank of New York Mellon Corp. affecting the valuation of 1,200 mutual funds and exchange-traded funds have been resolved, but the issue is leading asset owners to take another look at their custodians.
Delaware looking for record keepers for 3 state DC plans
trueDelaware is looking for one or more record keepers for its three defined contribution plans — a 457(b) deferred compensation plan, a 401(a) match plan and a 403(b) plan.
Atlanta transit authority seeking consultant for 2 DC plans
trueMetropolitan Atlanta Rapid Transit Authority is searching for an investment consultant for its 401(a) plan and 457 plan.
Arlington County, Va., issues call for bundled provider for DC plans
trueArlington County, Va., is searching for a bundled provider for its 457 and 401(a) plans.
Montana adds Neuberger Berman high-yield fund to 401(a) plan lineup
trueMontana Public Employee Retirement Administration, Helena, added the Neuberger Berman High Income Bond Fund to the lineup of its roughly $140 million 401(a) plan.
Central Arkansas Water taps First Security Bank as consultant for 3 DC plans
trueCentral Arkansas Water hired First Security Bank as investment consultant for its 401(a) and 457 plans.
Target-date rush pushes assets of DC money managers to record
trueTarget-date fund assets surged more than 28% last year, helping produce record-high defined contribution assets under management, according to Pensions & Investments' annual survey of DC money managers.
Fresno Economic Opportunities Commission taps new consultant
trueFresno (Calif.) Economic Opportunities Commission hired Retirement Benefits Group as investment consultant for its defined contributions plans.
Riverside County courts in hunt for DC plan consultant
trueSuperior Court of California, County of Riverside, is searching for a consultant for its 401(a), 457 and Roth 457 plans.
Napa County looking for DC investment consultant
trueNapa County (Calif.) Deferred Compensation Committee is searching for an investment consultant for the county's $67 million 457 plan and $4 million 401(a) plan.
Summit County, Colo., sticks with Milliman as record keeper
trueSummit County, Breckenridge, Colo., rehired Milliman to provide record-keeping and administrative services for its $45 million 401(a) plan.