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State's scrutiny of 401(k) matches misfires
trueThe Massachusetts Securities Division targeted many of the wrong firms in questioning 401(k) record keepers about employers moving to an annual match instead of contributing each pay period.
Merger prompts American Airlines to search for record keeper
trueAmerican Airlines Inc., Fort Worth, Texas, is searching for a single record keeper for its 401(k) plans, confirmed Mary Anderson, managing director, health and welfare.
Southwest Airlines brings NEPC on board for DC plans
trueSouthwest Airlines Co. hired NEPC as investment consultant for its 401(k) and profit-sharing plans.
Massachusetts wants data on annual lump-sum matching DC contributions
trueThe Massachusetts Securities Division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings.
Chevron adding 3 options, dropping 2 in 401(k) plan
trueChevron Corp., San Ramon, Calif., is adding three investment options and dropping two others to its 401(k) plan.
Infinity Pharmaceuticals chooses Principal as record keeper
trueInfinity Pharmaceuticals Inc. hired Principal Financial Group as record keeper of its 401(k) plan.
Schwab creates all-ETF 401(k) for lower fees
trueSchwab Retirement Plan Services on Wednesday announced the launch of an all-exchange-traded-fund 401(k) designed to combine the strategies of lower-cost ETFs with the use of managed accounts.
Harkin's universal retirement plan called a good start despite some hurdles
trueAn ambitious idea for a universal retirement program introduced Jan. 30 by Sen. Tom Harkin, D-Iowa, is being welcomed for advancing a national debate on ways to improve retirement security, but it faces an uphill climb in Congress.
Showtime's "Shameless" takes on the 401(k)
trueThe 401(k) plan has hit the big time on cable television.
Boeing lands Xerox HR Solutions as record keeper
trueBoeing Co., Chicago, hired Xerox HR Solutions as record keeper for its $42.2 billion 401(k) plan, according to a person familiar with the selection.
Cox Enterprises names VP of investments
trueCarol Larner was named vice president of investments at Cox Enterprises, confirmed spokeswoman Elizabeth Olmstead.
Idaho Public Employees looking for record keeper
trueIdaho Public Employee Retirement System, Boise, is searching for a record keeper for its $595 million 401(k) plan, confirmed spokesman Kelly Cross.
Whayne Supply moves to Transamerica as bundled provider
trueWhayne Supply Co., Louisville, Ky., hired Transamerica Retirement Solutions as bundled provider for its three 401(k) plans.
Public enemy No. 1 for 401(k) profiteers
trueFew employees can imagine that their humble 401(k) plans could become a virtual profit center for their own employers, but according to attorney Jerome Schlichter, that was exactly the case for some of corporate America's most notable names.
Maryland Teachers & State Employees Supplemental hires Galliard for stable value
trueMaryland Teachers & State Employees Supplemental Retirement Plans hired Galliard Capital Management as its stable value manager.