Corporate DC plans
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Integra chooses Prudential as record keeper
trueIntegra Inc. hired Prudential Financial as record keeper of its $65 million 401(k) plan.
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.
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.
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.
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.
8th Circuit rejects appeals requests in Tussey vs. ABB fiduciary breach case
trueA federal appeals court has rejected requests from a defendant and plaintiffs to rehear Tussey vs. ABB, a fiduciary breach case.
Pharmaceutical Product Development adds stable value fund
truePharmaceutical Product Development LLC, Wilmington, N.C., is adding the Wells Fargo stable value fund as an investment option in its 401(k) plan.
Ohio Machinery goes with Transamerica for 2 DC plans
trueOhio Machinery Co., Broadview Heights, Ohio, hired Transamerica Retirement Solutions as record keeper of its two 401(k) plans.
Exelon-Pepco union could create $32 billion investment treasure chest
trueExelon Corp.'s proposed acquisition of Pepco Holdings Inc. could bring together a total of $32.4 billion in employee benefit and other investment management assets.
Alcatel-Lucent adds BlackRock index fund to 401(k) plan
trueAlcatel-Lucent, Murray Hill, N.J., added an international equity index fund managed by BlackRock as an investment option in its 401(k) plan.
Both sides in Tussey vs. ABB case file requests to appeal court ruling
truePlaintiffs and a defendant have filed dueling requests to appeal a recent court ruling in the complex ERISA fiduciary-breach case Tussey vs. ABB.
District court dismisses stock-drop lawsuit against State Street
trueA federal district court judge has dismissed a stock-drop lawsuit against State Street Bank & Trust Co. in its role as an independent fiduciary for two 401(k) plans sponsored by General Motors Co.
ABB replaces Fidelity with BofA Merrill Lynch as record keeper for 2 plans
trueABB Inc. hired Bank of America Merrill Lynch as the record keeper for two 401(k) plans.
U.K. High Court rules IBM breached pension duties
trueInternational Business Machines Corp., Armonk, N.Y., breached its duties to U.K. pension fund participants in the way it implemented a restructuring of its arrangements, the High Court of Justice, Chancery Division has ruled.
CarMax adds MFS, PIMCO funds and drops Harbor Capital fund
trueCarMax Inc. is adding the MFS International Equity Fund and PIMCO Total Return Fund as investment options in its 401(k) plan.