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Archdiocese of New Orleans adds MFS option to 401(k) plan
trueRoman Catholic Archdiocese of New Orleans is adding the MFS Research Bond Fund as an investment option in its 401(k) plan, said Beth Tinto, human resources director.
Nestle USA switches brokerage window provider
trueNestle USA Inc. added a self-directed brokerage window provided by TD Ameritrade to its 401(k) savings plan lineup.
Trover Solutions chooses new 401(k) record keeper
trueTrover Solutions Inc. hired Standard Insurance Co. as record keeper of its 401(k) plan.
BlackRock shuttering its iShares target-date ETF business
trueBlackRock's exchange-traded funds division, iShares, is shutting down its entire lineup of target-date ETFs next month.
ERISA at 40
trueWhile the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ERISA did accomplish, there are now calls for fixing what it did not.
DOL issues RFI for guidance on brokerage windows in retirement plans
trueThe Department of Labor issued a request for information to determine whether it should issue additional regulations and/or guidelines for brokerage windows in retirement accounts covered by the Employee Retirement Income Security Act.
Sacramento utility seeks consultant for two DC plans
trueSacramento (Calif.) Municipal Utility District is searching for an investment consultant for its $208 million 401(k) and $99 million 457 plans
SolarCity signs Fidelity as record keeper
trueSolarCity Corp. hired Fidelity Investments as record keeper of its 401(k) plan.
Adding reality to valuations
trueThe Securities and Exchange Commission made the right decision in exempting defined contribution plans — but not defined benefit plans, foundations, endowments and other asset owners — from its new rule requiring the share values of institutional prime money market funds to fluctuate based on ...
Money market changes worrying DC executives
trueNew rules governing money market funds provide a quantum of solace but also a dose of uncertainty to defined contribution plan executives managing capital appreciation options.
Changing priorities could weaken retirement system
trueIt's no secret the U.S. retirement system needs to evolve, but this year we are seeing an unprecedented perfect storm.
401(k) balances exhibit strong growth for 5 years through 2012 — report
trueThe average account balance of 401(k) plan participants having accounts consistently from year-end 2007 to year-end 2012 had a compounded average annual growth rate of 6.8% during the period, the Investment Company Institute and the Employee Benefit Research Institute said Thursday.
Kentucky Deferred Comp shifts equity fund focus
trueKentucky Public Employees’ Deferred Compensation Authority, Frankfort, is making changes to the investment lineup of its 457(b) and 401(k) plans.
Execs struggle with auto-escalation issue
trueDefined contribution plan executives are wrestling with ways to improve participants' savings through automatic escalation.
Fidelity: Average 401(k) balance up 12.9% in last 12 months
trueThe average account balance for participants in 401(k) plans administered by Fidelity Investments rose to $91,000 for the quarter ended June 30, the company reported Friday.