401(k)

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  1. 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.

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  1. 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.

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  2. 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.

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  3. 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.

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  4. 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.

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  5. 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.

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  6. $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.

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  7. 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.

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  8. 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.

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  9. Sonepar USA names new retirement program manager

    trueAnnette Grabow was hired as retirement program manager for Sonepar USA, a subsidiary of France's Sonepar Group, a distributor of electrical products.

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  10. Cherokee Nation Businesses seeks DC consultant

    trueCherokee Nation Businesses is searching for an investment consultant for its four 401(k) plans.

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  11. Heidrick & Struggles taps manager of global benefits

    trueIra Finn was named manager of global benefits for Heidrick & Struggles International Inc., an executive search firm.

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  12. 401(k)/IRA balances for those near retirement decline in 2013 from 2010

    trueHouseholds approaching retirement had lower 401(k)/IRA balances in 2013 than 2010, a brief from the Center for Retirement Research at Boston College said.

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  13. Financial literacy in U.S. 'abysmal,' NAGDCA speaker says

    trueDavid Laibson, the keynote speaker at the National Association of Government Defined Contribution Administrators’ annul conference, did not come bearing good news.

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