Corporate DC plans

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  1. Supreme Court appeal filed in DC plan fiduciary breach case

    truePlaintiffs in a defined contribution plan fiduciary breach case, Tussey et al. vs. ABB Inc. et al., have filed an appeal with the U.S. Supreme Court.

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  1. Lockheed Martin 401(k) class-action lawsuit approved for trial

    trueA class-action lawsuit brought by employees of Lockheed Martin Corp., Bethesda, Md., has been approved for trial by a U.S. district court judge.

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  2. Integra chooses Prudential as record keeper

    trueIntegra Inc. hired Prudential Financial as record keeper of its $65 million 401(k) plan.

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  3. Lockheed Martin to freeze pension plan in 2016

    trueLockheed Martin Corp., Bethesda, Md., will freeze its defined benefit pension plan in early 2016 and start shifting active salaried workers to an enhanced defined contribution program, the company announced Tuesday.

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  4. Landauer moves to New York Life Retirement for record keeping

    trueLandauer Inc. hired New York Life Retirement Plan Services as record keeper of its $15.6 million 401(k) plan.

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  5. Ocean Shore Holding switches to Newport Group for 401(k) plan

    trueOcean Shore Holding Co., Ocean City, N.J., hired The Newport Group as record keeper of its 401(k) plan.

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  6. U.S. corporate DB, DC assets pass $8 trillion mark

    trueU.S. corporate defined benefit and defined contribution plans had combined assets of $8.064 trillion as of March 31, up 1.1% from three months earlier and an 8.6% increase from a year earlier, according to the Federal Reserve's Financial Accounts of the United States report issued on Thursday.

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  7. 8th Circuit rejects appeals requests in Tussey vs. ABB fiduciary breach case

    trueA federal appeals court has rejected requests from a defendant and plaintiffs to rehear Tussey vs. ABB, a fiduciary breach case.

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  8. Pharmaceutical Product Development adds stable value fund

    truePharmaceutical Product Development LLC, Wilmington, N.C., is adding the Wells Fargo stable value fund as an investment option in its 401(k) plan.

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  9. Ohio Machinery goes with Transamerica for 2 DC plans

    trueOhio Machinery Co., Broadview Heights, Ohio, hired Transamerica Retirement Solutions as record keeper of its two 401(k) plans.

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  10. Exelon-Pepco union could create $32 billion investment treasure chest

    trueExelon Corp.'s proposed acquisition of Pepco Holdings Inc. could bring together a total of $32.4 billion in employee benefit and other investment management assets.

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  11. Alcatel-Lucent adds BlackRock index fund to 401(k) plan

    trueAlcatel-Lucent, Murray Hill, N.J., added an international equity index fund managed by BlackRock as an investment option in its 401(k) plan.

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  12. Both sides in Tussey vs. ABB case file requests to appeal court ruling

    truePlaintiffs and a defendant have filed dueling requests to appeal a recent court ruling in the complex ERISA fiduciary-breach case Tussey vs. ABB.

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  13. District court dismisses stock-drop lawsuit against State Street

    trueA federal district court judge has dismissed a stock-drop lawsuit against State Street Bank & Trust Co. in its role as an independent fiduciary for two 401(k) plans sponsored by General Motors Co.

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