Defined contribution plans
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Alpharetta, Ga., looking for consultant for three retirement plans
trueAlpharetta, Ga., is searching for an investment consultant for its $50 million defined benefit plan, $16 million 457 plan and $10 million 401(a) plan.
More than half of Canadian pension funds eye further derisking measures
trueSeventy-one percent of Canadian defined benefit plans surveyed by benefits consultant Morneau Shepell said they've taken steps to derisk their plans since 2008.
How much does it take to match Fidelity?
trueAfter Great-West merged with Putnam's defined contribution record keeping business, it vaulted in the rankings by acquiring J.P. Morgan's large-plan DC business. See what other acquisitions could help CEO Robert Reynolds to surpass Fidelity.
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.
Arizona University System rehires Fidelity, TIAA-CREF as 403(b) record keepers
trueArizona University System rehired Fidelity Investments and TIAA-CREF as record keepers of its $617 million 403(b) plan.
MassMutual announces series of retirement services division changes
trueThe retirement services and worksite insurance division of Massachusetts Mutual Life Insurance Co. has made a series of promotions and changes among senior managers.
Padre Dam water district signs SageView as investment consultant
truePadre Dam Municipal Water District hired SageView Advisory Group as the first investment consultant for its $6 million 457 plan.
Wayne State University seeks investment consultant for 3 DC plans
trueWayne State University is searching for an investment consultant for its 401(a), 403(b) and 457 defined contribution plans that had aggregate assets of $1.5 billion as of Dec. 31.
Real estate searches led Q1 2014 activity
trueSearch activity for the first quarter of 2014 increased more than 40% from the prior quarter and first quarter of 2013. The number of equity searches jumped to 37 from 15 in the prior quarter; the number of fixed-income searches also increased significantly. More than $3 billion of non-U.S. ...
J.P. Morgan adds U.K. defined contribution sales exec
trueAndy Seed will join J.P. Morgan Asset Management's defined contribution team as part of its continued expansion of its U.K. business.
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.
Questions remain after decision in float income case
trueA recent federal appeals court decision favoring Fidelity Investments, Boston, has produced more uncertainty than finality about the use of float income in record keepers' administration of defined contribution plans.
Britain's budget benefits money managers
trueChanges to the way U.K. defined contribution plan participants access their retirement savings has given money managers a clean slate on which to design investment funds and strategies for retirement.
Consultants support bigger push into alts, PIMCO survey shows
trueDefined contribution plan consultants are supporting further diversification into alternatives such as real assets to protect against inflation as well as reduce volatility.