Corporate DC plans
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DC East speakers tout importance of education, communication
trueSuccess in achieving defined contribution plan goals can rely as much on how plan executives and service providers communicate as to what investment options they offer, plan designs they prepare, and products and services they develop
Janney Montgomery Scott chooses Putnam as record keeper
trueJanney Montgomery Scott LLC hired Putnam Investments as record keeper of its defined contribution plan.
Southwest Airlines brings NEPC on board for DC plans
trueSouthwest Airlines Co. hired NEPC as investment consultant for its 401(k) and profit-sharing plans.
Massachusetts wants data on annual lump-sum matching DC contributions
trueThe Massachusetts Securities Division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings.
Chevron adding 3 options, dropping 2 in 401(k) plan
trueChevron Corp., San Ramon, Calif., is adding three investment options and dropping two others to its 401(k) plan.
Infinity Pharmaceuticals chooses Principal as record keeper
trueInfinity Pharmaceuticals Inc. hired Principal Financial Group as record keeper of its 401(k) plan.
Whayne Supply moves to Transamerica as bundled provider
trueWhayne Supply Co., Louisville, Ky., hired Transamerica Retirement Solutions as bundled provider for its three 401(k) plans.
Sunrise Senior Living goes with Principal as record keeper
trueSunrise Senior Living Inc., McLean, Va., hired Principal Financial Group as record keeper of its 401(k) plan.
Market return lets Macy's skip $150 million planned pension contribution
trueMacy's Inc. announced on Wednesday that it decided to forgo a $150 million contribution to its defined benefit pension plan in the fourth quarter of 2013.
Tenneco Inc. selects Fidelity Investments as record keeper
trueTenneco Inc. hired Fidelity Investments as record keeper for its 401(k) plan.
Pfizer chooses Boston Partners as large-cap equity investment option for DC plans
truePfizer Inc. hired Boston Partners as the active domestic large-cap value equities investment option for all of the firm's U.S. and Puerto Rico defined contribution plans.
Boeing union workers trade DB pension for employment promise
trueBoeing Co. gained a decade of labor peace after its largest union voted to accept contract concessions — including moving to a defined contribution plan — in exchange for a promise to base production of the new 777X jet and three other models at the company's Seattle hub.
Bemis cuts investment overlap, saves on DC plan expenses
trueBemis Corp., a company that specializes in flexible packaging, has packaged the restructuring of its defined contribution plans to reduce investment-option overlap, increase diversification, simplify choices and save participants more than $700,000 a year combined in expenses.
FirstEnergy Corp. picks Fidelity Investments as record keeper
trueFirstEnergy Corp. hired Fidelity Investments as record keeper of its 401(k) plan.
Pittsburgh Glass Works hires Prudential as record keeper
truePittsburgh Glass Works hired Prudential Financial as record keeper of its 401(k) plan.