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Ruby Tuesday serves up 3 new options to 401(k) plan
trueRuby Tuesday Inc. is adding three new investment options to its 401(k) plan.
Settlements offer lessons in breach suits
trueAs sponsors and service providers continue settling ERISA fiduciary breach lawsuits, the rest of the defined contribution industry is taking careful notes.
Company stock option fading from 401(k) plans
trueCompany stock in defined contribution plans continues to shrink as a percentage of assets, plans offering the option and participants investing in it, recent research and surveys show.
State private retirement programs get help from president
truePrivate-sector retirement solutions programs at the state level are getting a boost from the White House.
Lockheed Martin settles 401(k) fees case for $62 million
trueLockheed Martin Corp., Bethesda, Md., settled an employee class-action lawsuit over 401(k) plan fees for $62 million Friday.
Spectranetics Corp. taps Prudential as new 401(k) record keeper
trueSpectranetics Corp., Colorado Springs, Colo., hired Prudential Retirement as record keeper for its $37 million 401(k) plan, said Robert Fuchs, senior vice president and global head of human resources at Spectranetics.
Denver Water casts net for record keeper for 2 DC plans
trueDenver Water is searching for a record keeper for its 401(k) and 457 plans, spokesman Travis Thompson said.
Hubbard Construction digs up new record keeper for 401(k) plan
trueHubbard Construction Co., Winter Park, Fla., hired Prudential Retirement as record keeper for its $35 million 401(k) plan, said P. Frederick O’Dea Jr., Hubbard’s vice president and secretary.
Coca-Cola taps Loomis Sayles to replace PIMCO on 401(k) plan option
trueThe Coca-Cola Co., Atlanta, hired Loomis Sayles to replace Pacific Investment Management Co. as the investment manager for the U.S. core-plus active fixed-income option in The Coca-Cola Co. 401(k) Plan, said to a company notice to participants obtained by Pensions & Investments.
Citizens Property Insurance searching for consultant for 3 DC plans
trueCitizens Property Insurance Corp., Tallahassee, Fla., is searching for an investment consultant for its three defined contribution plans, spokesman Mike Peltier said.
Boeing contributes $1.5 billion to DC, DB plans in 2014
trueBoeing Co., Chicago, contributed $764 million to its 401(k) plans last year, up 3% from $742 million the previous year, according to its 10-K report, filed Thursday with the Securities and Exchange Commission.
N.Y. Power seeks record-keeping, investment, trustee services for DC plans
trueNew York Power Authority is accepting proposals from firms to provide record-keeping, investment and trustee services for the authority's $87.5 million 457 deferred compensation plan and $270.8 million 401(k) Employees' Savings Plan.
Harris Corp, Exelis union could bring together $10 billion in retirement assets
trueHarris Corp., Melbourne, Fla., announced Friday it plans to purchase Exelis Inc., McLean, Va., in a cash and stock transaction worth about $4.75 billion that would create a single company with combined retirement plan assets of about $10 billion.
Pfizer's acquisition of Hospira could combine $25 billion in retirement assets
trueThe proposed acquisition by Pfizer Inc., New York, of Hospira Inc., Lake Forest, Ill., could affect an estimated $25 billion in defined contribution and defined benefit assets, according to data from Securities and Exchange Commission and Form 5500 filings.
Huntington Ingalls goes with MetWest, drops PIMCO Total Return Fund
trueHuntington Ingalls Industries Inc. is adding the Metropolitan West Total Return Bond Fund as an investment option in one of its 401(k) plans.