Corporate DC plans
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Dillard's adds ClearBridge fund to DC plan lineup
trueDillard’s Inc. added ClearBridge Investments’ small-cap growth fund to the investment lineup of its 401(a) plan.
Randstad North America changes 3 investment options in DC lineup
trueRandstad North America made several changes to the lineup of its retirement savings plan.
Crain Communications hires consultant to assist in invitation-only record-keeper search
trueCrain Communications Inc. hired Institutional Investment Consulting as a special project consultant to conduct an invitation-only search for a record keeper for its $100 million defined contribution plan.
Precision, flexibility vital for DC plans, say speakers at P&I conference
trueDefined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions & Investments West Coast Defined Contribution Conference, held Oct. 26-28 in San Diego.
Exelis hires Voya in move to consolidate 401(k) plans
trueExelis Inc. hired Voya Retirement Services as sole record keeper of its 401(k) plan.
American Airlines picks Fidelity as sole provider for 401(k) plans
trueAmerican Airlines Fidelity Investments as sole provider for its 401(k) plans, starting in mid-2015.
5 winners named in P&I's Innovator Awards
trueFive winners of the third annual Innovator Awards were announced Monday by P&I and DCIIA.
White-label funds on rise for DC plans
trueDefined contribution plan executives increasingly are replacing brand-name mutual funds with no-name options, trying to simplify investment lineups, increase portfolio diversity and reduce fees.
Ford dropping PIMCO Total Return Fund from 401(k) plan
trueFord Motor Co. will drop the PIMCO Total Return Fund as an option in its $12.8 billion U.S. 401(k) plan on Nov. 14.
Supreme Court agrees to hear case on fiduciary breach time limits
trueThe Supreme Court agreed Thursday to decide whether 401(k) plan fiduciaries can be sued for more expensive investment choices made years earlier.
HSBC outsources its DC plan assets to Fidelity
trueHSBC, London, outsourced its £1.8 billion ($2.9 billion) in defined contribution assets to Fidelity Worldwide Investment, said Phillip Bretnall, chief operating officer at HSBC Bank Pension Trust (U.K.).
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.
Heidrick & Struggles taps manager of global benefits
trueIra Finn was named manager of global benefits for Heidrick & Struggles International Inc., an executive search firm.
Dassault Systemes makes changes to DC plan lineup
trueDassault Systemes Americas Corp. added three investment options to its 401(k) plan.
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.