Corporate DC plans
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Sonepar USA replaces Prudential with Schwab as 401(k) record keeper
trueSonepar USA hired Schwab Retirement Plan Services as record keeper for its 401(k) plan.
Salt River Materials Group adds 2 bond funds to 401(k) plan, removes PIMCO
trueSalt River Materials Group, Scottsdale, Ariz., is adding the Metropolitan West Total Return Bond Fund and the Vanguard Total Bond Market Index Fund to the investment options lineup in its 401(k) plan.
Royal Dutch Shell's deal for BG Group to add $2 billion in retirement assets
trueRoyal Dutch Shell PLC’s proposed deal for BG Group PLC will create an entity with retirement assets of nearly $100 billion.
WSP Parsons Brinckerhoff selects Mercer to provide actuarial services for 7 plans
trueWSP Parsons Brinckerhoff, London, hired Mercer to provide actuarial services to its seven U.K. retirement plans.
Ameriprise to launch record-keeper, consultant searches as part of 401(k) plan settlement
trueAmeriprise Financial Inc. will issue RFPs for a record keeper and investment consultant for its 401(k) plan as part of a settlement reached Thursday with participants in the plan.
Cequel III Management replaces 2 fund options in 401(k) plan
trueCequel III Management Co., St. Louis, is adding two new investment options to its 401(k) plan.
Supreme Court could take on case involving fiduciary burden of proof, damages
trueThe Supreme Court signaled its interest in taking a case questioning whether fiduciaries bear the burden of proof and whether they can be liable for monetary damages.
Chevron drops Artisan, Neuberger Berman funds from 401(k) plan lineup
trueChevron Corp. removed the Artisan Mid Cap Fund and Neuberger Berman Genesis Fund from the lineup for one of its 401(k) plans.
Marvin Windows and Doors retools DC plan lineup
trueMarvin Windows and Doors Inc. is adding eight investment options to its profit sharing and 401(k) plan.
trueLitigation, regulation, legislation and some consternation emerged as dominant themes at the annual Pensions & Investments' East Coast Defined Contribution Conference, held March 1-3 in Miami.
H.E. Butt Grocery investment officer leaves for Financial Solutions
trueDale Neibert has left as investment officer and research analyst at H.E. Butt Grocery Co.
Ruby Tuesday serves up 3 new options to 401(k) plan
trueRuby Tuesday Inc. is adding three new investment options to its 401(k) plan.
John Lewis Partnership moves to hybrid retirement plan
trueJohn Lewis Partnership will adopt a hybrid defined benefit/defined contribution retirement plan.
NAPF, Pensions Management Institute ends talks on potential merger
trueThe U.K.’s National Association of Pension Funds and the Pensions Management Institute have closed discussions over the potential merger of their organizations.
Huntington Ingalls goes with MetWest, drops PIMCO Total Return Fund
trueHuntington Ingalls Industries Inc. is adding the Metropolitan West Total Return Bond Fund as an investment option in one of its 401(k) plans.