Defined contribution plans
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Voya picks senior vice president for DC business
trueMary Witherow was hired as senior vice president and head of relationship management for the large corporate market of Voya Financial’s retirement business.
Stillwater Medical Center picks SageView as first consultant
trueStillwater Medical Center hired SageView Advisory Group as the first investment consultant for its 457(b) and 401(a) plans with $46.7 million in total assets.
Washoe County keeps MassMutual for record keeping
trueWashoe County Deferred Compensation Plans rehired MassMutual Financial as record keeper.
CNB Financial goes with Fidelity for record keeping
trueCNB Financial Corp. hired Fidelity Investments as the record keeper of its savings and profit-sharing plan, the company said in its recent Form 5500 filing.
TJX picks Vanguard as new record keeper
trueThe TJX Cos. Inc. hired Vanguard Group as record keeper of its 401(k)/profit-sharing plan.
Texas school district issues call for third-party administrator
trueFort Bend Independent School District, Sugar Land, Texas, is searching for a third-party administrator for its three retirement plans.
Richmond Public Schools looking for sole provider for 3 DC plans
trueRichmond (Va.) Public Schools is searching for a sole provider for its three retirement plans.
Appeals court affirms dismissal of lawsuit against State Street on management of GM stock fund
trueA federal appeals court affirmed the dismissal of a lawsuit by participants in two General Motors 401(k) plans who had alleged that State Street Bank failed to prudently manage a GM stock fund offered as an investment option.
Howard County seeking administrator for 457 plans
trueHoward County, Columbia, Md., is searching for a single third-party administrator for the county's $145 million 457 plan and school system's $17 million 457 plan, said an RFP from the county.
Proposed rules for state secure choice plans released by DOL
trueThe Department of Labor on Monday released proposed rules that would allow states to set up mandated payroll deduction IRA programs for private-sector employees, along with interim guidance to encourage states to consider other defined contribution programs.
Fixing MyRA and a TSP fund
trueMyRA, the federal government's just-launched program to encourage workers without access to a workplace retirement plan to begin saving for retirement, gets off on the wrong foot and should be changed.
Design features paying off with young workers
trueDefined contribution plan-design features aimed at improving savings of all participants often are having their biggest impact on the youngest workers.
Senate approves final defense bill with retirement reforms
trueThe Senate on Tuesday passed a revised defense spending bill that includes reforms to the military retirement system.
North Dakota Public Employees scouting for actuary
trueNorth Dakota Public Employees Retirement System is searching for an actuary.
Novant Health settles with DC participants on fiduciary breach allegations
trueNovant Health Inc. and participants in seven Novant defined contribution plans reached a preliminary settlement to allegations of fiduciary breaches in which Novant will pay $32 million and enact multiple changes in plan operations.