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Target-date rush pushes assets of DC money managers to record
trueTarget-date fund assets surged more than 28% last year, helping produce record-high defined contribution assets under management, according to Pensions & Investments' annual survey of DC money managers.
Fresno Economic Opportunities Commission taps new consultant
trueFresno (Calif.) Economic Opportunities Commission hired Retirement Benefits Group as investment consultant for its defined contributions plans.
California State University culls record-keeper candidates
trueCalifornia State University, Long Beach, named two finalists in its search for record keepers for its $1.1 billion 403(b) plan.
PSCA: Nearly all plan sponsors make contributions to 403(b) plans
trueMore than 96% of 403(b) plan sponsors contribute to their plans, up 13.9 percentage points from 2013, said Plan Sponsor Council of America’s annual survey released Thursday.
Children's Hospital Corp. trims lineup for 2 DC plans
trueThe Children’s Hospital Corp., Boston, is reducing the number of investment options in its two 403(b) plans, said a brochure to participants on the plans’ website.
Mission, Texas, school district calls for third-party administrator
trueMission Consolidated Independent School District, Mission, Texas, is searching for a third-party administrator for its 403(b) and 457 plans.
California State University casts net for record keepers for 403(b) plan
trueCalifornia State University is searching for record keepers for its $1.1 billion 403(b) plan.
University of California adds 3 DC fund options, drops 48 for simplification
trueThe University of California system, Oakland, is adding three core fund options and dropping 48 investments from its lineup for three defined contribution plans as part of a continuing effort to simplify choices for participants.
Fresno Economic commission wants consultant for DC plans
trueFresno (Calif.) Economic Opportunities Commission is searching for an investment consultant for its defined contributions plans.
Prince William County Public Schools looking for provider for 2 DC plans
truePrince William County Public Schools is searching for a bundled provider for its $523 million 403(b) plan and $16 million 457 plan.
Michigan State University makes changes to DC plans' investment options
trueMichigan State University added two investment options and removed an existing option from the lineups of its defined contribution plans.
Vanderbilt goes with 1 record keeper, trims investment lineup
trueVanderbilt University hired Fidelity Investments as sole record keeper of its $3.4 billion 403(b) plan.
University of Colorado picks TIAA-CREF as sole record keeper, consolidates lineup
trueUniversity of Colorado System hired TIAA-CREF as sole record keeper for its 401(a) and 403(b) plans.
University of Rochester to drop PIMCO fund as investment option
trueUniversity of Rochester, N.Y., will remove the PIMCO Unconstrained Bond Fund as an investment option for its $3.45 billion 403(b) and $67.8 million 457(b) plans.
NYC Teachers chooses director of investment administration
trueSusan Stang was promoted to director of investment administration for the New York City Teachers' Retirement System.