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Bergmann Associates hires Prudential for 401(k)
trueBergmann Associates Inc. hired Prudential Financial as bundled provider of its 401(k) plan.
Pinnacle Entertainment deals in Wells Fargo as record keeper
truePinnacle Entertainment Inc., Las Vegas, hired Wells Fargo as record keeper of its 401(k) plan, confirmed spokeswoman Roxann Kinkade.
Wal-Mart re-signs BofA Merrill Lynch as bundled provider
trueWal-Mart Stores Inc. rehired Bank of America Merrill Lynch as bundled provider for its 401(k) plan.
Kohler sinks 401(k) assets into 2 new options
trueKohler Co., Kohler, Wis., is adding the Fidelity Small Cap Discovery Fund and the Oakmark International Collective Fund as investment options in its 401(k) plan.
Supreme Court asked to clarify company stock issue in 401(k) plans
trueThe appeal of company stock as an investment option in 401(k) plans could dim considerably if the Department of Labor succeeds in having the U.S. Supreme Court revisit the issue of fiduciary prudence in managing that option.
North Carolina Retirement Systems searches for defined contribution consultant
trueNorth Carolina Retirement Systems, Raleigh, is searching for an investment consultant for its defined contribution plans, according to an RFP.
New Jersey Transit sticks with Glading Group
trueNew Jersey Transit Corp. rehired Glading Group as investment consultant for its 401(k), 401(a) and 457 defined contribution plans.
Huntington Bancshares adds Vanguard options to 401(k) plan
trueHuntington Bancshares Inc. restructured the investment options lineup of its 401(k) plan.
For Rackspace's White, only a customized program would do
truePhilip White decided the best way to improve financial wellness among employees at Rackspace Hosting Inc., San Antonio, was to customize a program himself rather than rely on a one-size-fits-all approach from a single provider.
Huber used familiar technology to point the way
trueFor a microsize plan - $2.9 million in assets - at a non-profit organization specializing in microfinance, Britt Huber came up with a big way to educate the young, tech-savvy workforce about retirement savings and financial planning at Kiva Microfunds Inc., San Francisco.
Aloha's Osorno used Hawaiian tradition to get the message across
trueLois Osorno had one rule for the financial education program for employees at Aloha Petroleum Ltd., Honolulu: “No PowerPoint presentations.”
Buk made Chrysler's huge re-enrollment look easy
trueAngela Buk won the Innovator Award for outcome orientation by shepherding multiple changes in the 401(k) plan at Chrysler Group LLC, Auburn Hills, Mich., including streamlining the investment menu, adding custom target-date funds and re-enrolling 55,000 participants.
Is a 'good enough' 401(k) plan really good enough?
trueI've come to observe that “good enough” is good enough for many companies. But will good enough cut it, given the rising chorus of criticism of the 401(k) system?
PepsiCo's Ryan gave workers the lowdown on loans
trueFaced with a substantial percentage of participants having outstanding loans from the 401(k) plans, PepsiCo Inc.'s Chad Ryan led a strategy that not only changed plan design, but also provided a comprehensive education program to illustrate the impact of loans on retirement savings.
Texa$aver looks to ring up international equity fund
trueTexas Employees Retirement System, Austin, issued an RFQ for an international equity fund for the Texa$aver 401(k) and 457 plans it administers, confirmed Mary Jane Wardlow, an ERS spokeswoman, in an e-mail.