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Dillard's adds ClearBridge fund to DC plan lineup
trueDillard’s Inc. added ClearBridge Investments’ small-cap growth fund to the investment lineup of its 401(a) plan.
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.
Exelis hires Voya in move to consolidate 401(k) plans
trueExelis Inc. hired Voya Retirement Services as sole record keeper of its 401(k) plan.
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.
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.
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.
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.
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.
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.
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.
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.
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.
$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.
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.
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.