Corporate DC plans

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  1. 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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  1. Dassault Systemes makes changes to DC plan lineup

    trueDassault Systemes Americas Corp. added three investment options to its 401(k) plan.

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  2. Nestle USA switches brokerage window provider

    trueNestle USA Inc. added a self-directed brokerage window provided by TD Ameritrade to its 401(k) savings plan lineup.

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  3. Trover Solutions chooses new 401(k) record keeper

    trueTrover Solutions Inc. hired Standard Insurance Co. as record keeper of its 401(k) plan.

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  4. Towers Watson: Retirement plan landscape stabilizing for Fortune 500 companies

    trueWhile the 15-year trend of Fortune 500 companies moving away from defined benefit plans is continuing, the rate of transition is slowing down and the retirement plan landscape is stabilizing, said a report from Towers Watson.

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  5. High court seen likely to take ERISA fidicuary-breach case

    trueChances have improved that the Supreme Court could rule on an ERISA fiduciary-breach case involving a dispute over how courts should interpret the law's statute of limitations on fiduciary-breach lawsuits, ERISA attorneys say.

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  6. 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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  7. SolarCity signs Fidelity as record keeper

    trueSolarCity Corp. hired Fidelity Investments as record keeper of its 401(k) plan.

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  8. 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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  9. 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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  10. 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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  11. 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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  12. 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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  13. 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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