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Portland's Metro taps ICMA-RC as third-party administrator for DC plans
Metro, Portland, Ore., hired ICMA-RC as third-party administrator for its 401(k) and 457(b) plans, confirmed Sharon Stiffler, procurement analyst. ICMA-RC replaces Vanguard and will provide administration, record-keeping, education, participant investment advice and investment management services
Lincoln National revamps DC investment options
Lincoln National Corp., Radnor, Pa., is overhauling investment options of its two 401(k) plans and its money purchase plan.
Fee-disclosure rule spurring searches for DC record keepers
Thanks to federal fee-disclosure regulations that took effect last July, more defined contribution plans have been searching for record keepers — even though many ultimately will stay put.
Babcock Center on lookout for DC service provider
Babcock Center Inc., West Columbia, S.C., is searching for a service provider for its 401(k) plan.
Plexus Corp. adds new asset classes to 401(k) lineup
Plexus Corp., Neenah, Wis., revamped the investment lineup for its $202 million 401(k) plan.
401(k) rollover study triggers call for action
A new Government Accountability Office report highlighting the pitfalls of rolling over 401(k) plan accounts is sparking demand for clearer procedures and stronger consumer protections from companies and the federal government.
California Savings Plus starts search for three consultants
California Savings Plus Plan has launched an RFP for three consultants for its $9 billion total 401(k) and 457(b) plans.
Chevron adds Vanguard target-date trusts, new options to lineup
Chevron Corp., San Ramon, Calif., added a series of 11 Vanguard target-date trusts to the investment lineup of its $16.1 billion Employee Savings Investment Plan.
Alcatel-Lucent 401(k) plan dials up Wellington real asset investment option
Alcatel-Lucent, Murray Hill, N.J., added a balanced real asset commingled fund managed by Wellington Management as an investment option in its 401(k) plan.
Connecticut Resources Recovery Authority launches RFP for record keeper
Connecticut Resources Recovery Authority, Hartford, Conn., is searching for a record keeper for its 401(k) plan, confirmed spokesman Paul Nonnenmacher.
Fees could drive DC plans to adopt ETFs
Exchange-traded funds have a way to go before they become a mainstay on 401(k) menus, but greater awareness of fees is encouraging plan sponsors to consider them.
401(k) loans usually not taken out frivolously, lawmakers told
Senate hearing on new bill that would change how 401(k) loans are repaid prompts lawmakers to discuss leakage with industry representatives.
401(k)s may be sitting ducks
The 408(b)(2) fee disclosure regulation requires 401(k) service providers to fully disclose in an understandable manner their fees and any potential conflicts of interest that may affect their performance. This regulation, issued by the Department of Labor in February, was Congress' recognition of
Pinnacle West Capital hires Fidelity for record keeping
Pinnacle West Capital Corp., Phoenix, hired Fidelity Investments as record keeper of its 401(k) plan.
Comptroller of the Currency on lookout for record keeper
Office of the Comptroller of the Currency is searching for a record keeper for its $500 million OCC and OTS 401(k) Retirement Savings Plans.