Watch breaking news videos and read news updates about 401k on pionline.com
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.
Dow Corning switches to Vanguard as record keeper of 401(k) plan
trueDow Corning Corp. hired Vanguard Group to replace T. Rowe Price as record keeper of its Employees' Capital Accumulation 401(k) plan.
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.
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.
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.
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.
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.
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.
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.
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 ...
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.
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.
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.
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.
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.