401(k)

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  1. Appeals court allows Amgen stock-drop case to continue

    trueA federal appeals court judge ruled Thursday that an ERISA case challenging a presumption of prudence for employee stock ownership plans can continue.

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  1. American Airlines picks Fidelity as sole provider for 401(k) plans

    trueAmerican Airlines Fidelity Investments as sole provider for its 401(k) plans, starting in mid-2015.

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  2. White-label funds on rise for DC plans

    trueDefined contribution plan executives increasingly are replacing brand-name mutual funds with no-name options, trying to simplify investment lineups, increase portfolio diversity and reduce fees.

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  3. IRS adjusts 2015 retirement plan contribution limits for inflation

    trueEmployees will be able contribute more to their defined contribution plans in tax year 2015, thanks to cost-of-living adjustments announced Thursday by the Internal Revenue Service.

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  4. Denver Water looking for consultant for 2 DC plans

    trueCity and County of Denver is searching for an investment consultant for Denver Water's 401(k) and 457 plans.

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  5. Ford dropping PIMCO Total Return Fund from 401(k) plan

    trueFord Motor Co. will drop the PIMCO Total Return Fund as an option in its $12.8 billion U.S. 401(k) plan on Nov. 14.

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  6. North Carolina launches record-keeper search for 2 DC plans

    trueNorth Carolina Department of State Treasurer, Raleigh, is searching for a firm to provide record keeping and/or communication services for its 457 and 401(k) plans with more than $8.6 billion in combined assets.

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  7. Higher education DC plans turning to consultants, smaller lineups — survey

    trueMore higher education retirement plans are using investment consultants while streamlining their investment options lineups, said a news release regarding a survey from Cammack Retirement Group.

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  8. Judge rejects Citigroup request for dismissal of 401(k) fees suit

    trueA federal court judge in New York has rejected a Citigroup request for summary dismissal of a class-action lawsuit filed by two participants of a Citigroup 401(k) plan who allege the plan charged excessive fees.

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  9. Schlumberger adds Voya Financial target-date funds to 401(k) plan

    trueSchlumberger Ltd. has added a custom target-date fund series to its $5.3 billion U.S. 401(k) plan, said Gary Park, director of trust investments for the Houston-based oil and gas company.

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  10. $45.4 billion in retirement assets affected by HP split announcement

    trueHewlett-Packard Inc.'s plan to split into two companies will affect its $45.4 billion in combined worldwide defined benefit and defined contribution assets.

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  11. Towers Watson survey: DC plan execs missing big picture on target-date funds

    trueDefined contribution plan executives are too focused on “investment metrics” when evaluating target-date funds rather than the role these funds should play in helping participants prepare for retirement, a new survey by Towers Watson & Co. finds.

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  12. Exelon powers up major 401(k) plan changes

    trueExelon Corp. has overhauled the design and investments of its $6.2 billion 401(k) plan, seeking to provide greater diversification and simplicity while reducing costs.

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  13. Sonepar USA names new retirement program manager

    trueAnnette Grabow was hired as retirement program manager for Sonepar USA, a subsidiary of France's Sonepar Group, a distributor of electrical products.

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