401(k)

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  1. San Bernardino County consolidates DC plan lineup

    trueSan Bernardino County, Calif., is consolidating the lineups of its defined contribution plans, said a letter to plan participants on the county's human resources website.

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  1. Sonepar USA replaces Prudential with Schwab as 401(k) record keeper

    trueSonepar USA hired Schwab Retirement Plan Services as record keeper for its 401(k) plan.

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  2. Salt River Materials Group adds 2 bond funds to 401(k) plan, removes PIMCO

    trueSalt River Materials Group, Scottsdale, Ariz., is adding the Metropolitan West Total Return Bond Fund and the Vanguard Total Bond Market Index Fund to the investment options lineup in its 401(k) plan.

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  3. Appeal notice filed in Fidelity float income case

    trueAttorneys for participants in several defined contribution plans filed a notice of appeal with the 1st U.S. Circuit Court of Appeals, Boston, to overturn a federal district court's dismissal of their suit against Fidelity Investments.

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  4. Key events for the RJR Pension Investment Committee vs. Tatum case

    trueThis reverse stock-drop case — RJR Pension Investment Committee et al. vs. Tatum et al. — will include some knotty legal questions if the Supreme Court chooses to review it.

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  5. Fidelity float-income lawsuit dismissed

    trueA U.S. District Court judge in Massachusetts has dismissed claims by participants of several defined contribution plans that Fidelity Investments, Boston, breached its fiduciary duties through its management of float income as the DC plans' record keeper.

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  6. Ameriprise Financial to pay $27.5 million in settlement with 401(k) participants

    trueAmeriprise Financial Inc. will pay $27.5 million as part of a preliminary settlement with participants in its 401(k) plan, said a court document published Thursday.

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  7. Ameriprise to launch record-keeper, consultant searches as part of 401(k) plan settlement

    trueAmeriprise Financial Inc. will issue RFPs for a record keeper and investment consultant for its 401(k) plan as part of a settlement reached Thursday with participants in the plan.

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  8. P&I TV: Daimler's Linvog and Hanesbrands' Frederick discuss using white-label funds

    trueErik Linvog, the manager of benefit investments at Daimler Trucks North America, and Kendall Frederick, a senior manager, finance integration at Hanesbrands Inc., discuss why their 401(k) plans use white-label funds, and offer some examples of how plan size impacts the implementation of white-label ...

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  9. Litigation heavy on minds of defined contribution execs

    trueDefined contribution plan executives are as concerned about litigation as they are about failing to meet their participants' retirement goals, investment consultants revealed in a survey by Pacific Investment Management Co. LLC, Newport Beach, Calif.

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  10. P&I TV: Denso's Youngblood talks about trying to reach 100% participation in 401(k) plan

    trueSherry Youngblood discusses Denso Corp.'s efforts to not only get all the employees of the auto parts maker to participate in its 401(k) plan, but make sure they retire with 75% income replacement.

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  11. Supreme Court could take on case involving fiduciary burden of proof, damages

    trueThe Supreme Court signaled its interest in taking a case questioning whether fiduciaries bear the burden of proof and whether they can be liable for monetary damages.

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  12. Wasting 401(k) plan assets

    trueBig employers have come out in favor of higher-fee retail mutual funds in 401(k) plans. What are they thinking? That position is an unacceptable breach in the duty of fiduciaries.

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  13. Chevron drops Artisan, Neuberger Berman funds from 401(k) plan lineup

    trueChevron Corp. removed the Artisan Mid Cap Fund and Neuberger Berman Genesis Fund from the lineup for one of its 401(k) plans.

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