Corporate DC plans
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Bergmann Associates hires Prudential for 401(k)
trueBergmann Associates Inc. hired Prudential Financial as bundled provider of its 401(k) plan.
Wal-Mart re-signs BofA Merrill Lynch as bundled provider
trueWal-Mart Stores Inc. rehired Bank of America Merrill Lynch as bundled provider for its 401(k) plan.
Kohler sinks 401(k) assets into 2 new options
trueKohler Co., Kohler, Wis., is adding the Fidelity Small Cap Discovery Fund and the Oakmark International Collective Fund as investment options in its 401(k) plan.
Huntington Bancshares adds Vanguard options to 401(k) plan
trueHuntington Bancshares Inc. restructured the investment options lineup of its 401(k) plan.
MassMutual employees file suit against employer over management of 401(k) plan
trueSeven Massachusetts Mutual Life Insurance Co. employees have filed a class-action lawsuit against their employer alleging self-dealing and excessive fees in managing the firm's $1 billion 401(k) plan.
Alliant Techsystems has no plans to replace CIO
trueAlliant Techsystems Inc. has no current plans to replace Judith Mares, former vice president and chief investment officer who left to become political deputy assistant secretary of labor for the Employee Benefits Security Administration.
UTC, Adventist among first to offer options
trueSince United Technologies Corp., Hartford, Conn., introduced a lifetime income option in June 2012, nearly 20,000 people — or about one-sixth of eligible participants — have enrolled.
Motorola Solutions senior benefits consultant departs
trueGina Zoetvelt left Motorola Solutions last month as senior benefits consultant.
DC savings rate rises to 6.8% in 2012, PSCA survey says
trueParticipants in 401(k) and profit-sharing plans raised their annual savings rate to 6.8% of pay last year, up from 6.4% in 2011 and 6.2% in 2010.
Comcast executive director takes on expanded role
trueJaime Erickson was promoted to executive director for retirement benefits at Comcast Corp., Philadelphia, assuming “an expanded role” for benefits management at the company, confirmed John Demming, a spokesman for Comcast.
Office Depot adds Goldman Sachs fund to 401(k) lineup, drops Perkins fund
trueOffice Depot Inc. added the Goldman Sachs Small Cap Value fund as an investment option in its 401(k) plan.
Pilgrim's goes with Great-West Retirement as bundled provider
truePilgrim's Corp., Greeley, Colo., hired Great-West Retirement Services as bundled provider for its 401(k) plan.
Intuit nets new global retirement leader from Symantec
trueJoshua Newmister was named global retirement leader for Intuit Inc., Mountain View, Calif.
Sandy Spring Bancorp chooses Principal Financial as record keeper
trueSandy Spring Bancorp Inc. hiired Principal Financial Group as record keeper of its 401(k) plan.
Timken expects to have fully funded pension plans at separation
trueTimken Co. expects to have fully funded pension plans to divvy up when it splits into two separate publicly traded companies.