Defined contribution plans
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Montana PERA replaces midcap value option for 457 plan
trueMontana Public Employees’ Retirement Board, Helena, has added the MFS Midcap Value fund.
Wells Fargo reopens stable value fund to new investors
trueThe Wells Fargo Stable Return Fund has reopened to new investors, confirmed David Ferry, senior director at Galliard Capital Management, adviser to the fund.
Atlanta Public Schools keeps Lincoln Financial Group as bundled provider
trueAtlanta Public Schools rehired Lincoln Financial Group as bundled provider of its $147 million 403(b) plan, according to an award letter posted on the schools' website.
DC East speakers tout importance of education, communication
trueSuccess in achieving defined contribution plan goals can rely as much on how plan executives and service providers communicate as to what investment options they offer, plan designs they prepare, and products and services they develop
BlackRock's Fink: U.K. should make pension saving mandatory
trueThe U.K. should make saving into an occupational pension fund mandatory, according to Laurence D. Fink, CEO and chairman of BlackRock.
NIRS: States doing better on retirement security, but there's room for improvement
trueSome states are doing better than others when it comes to providing financial security for future retirees, but all states have room for improvement, according to a new analysis by the National Institute on Retirement Security.
Fairfax County Public Schools on the lookout for 457 plan provider
trueFairfax County Public Schools, Falls Church, Va., is searching for a bundled provider for its $139 million 457 plan.
P&I announces Eddy Award winners for 2014
trueTwenty-six plan sponsors and 19 service providers won Eddy Awards, Pensions & Investments' annual awards identifying and rewarding the best practices in providing investment education to defined contribution plan participants.
China's 401(k) may see vast growth
trueChina's enterprise annuity program, the local version of a 401(k), could be poised to shake off a reputation for disappointing growth as the 10th anniversary of the program's launch rolls around this year.
P&I looking to recognize innovative DC executives
trueNominations are now being accepted for the third annual Innovator Awards, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Association.
Fiduciary managers also eye DC plans
trueAs retirement plan sponsors in the U.K. work to offload the burden of offering a generous defined benefit plan to employees, fiduciary managers are turning their attention to the possibility of applying their services to increasingly popular defined contribution pension fund arrangements.
DC execs work to cut revenue sharing, survey finds
trueDefined contribution industry executives are looking for ways to reduce or revise the role of revenue sharing, a new survey by Pensions & Investments and Rocaton Investment Advisors LLC shows.
Palm Beach chooses bundled provider finalists for 457 plan
truePalm Beach County Clerk and Comptroller's Office, West Palm Beach, Fla., named three finalists in its search for a bundled provider for its $13 million 457 plan, confirmed Kathy Burstein, spokeswoman for Sharon R. Bock, county clerk and comptroller.
Chicago Metropolitan Water Reclamation District casts net for bundled provider
trueChicago Metropolitan Water Reclamation District is searching for a bundled provider for its 457 deferred compensation plan, confirmed James Fisher, compensation and benefits manager.
TIAA-CREF: Participants with knowledge of investment options more likely to save
truePeople familiar with their retirement plan investment options are nearly twice as likely to save 10% or more of their annual income compared to people who say they aren’t familiar with investment options in their retirement plan, according to a survey published Wednesday by TIAA-CREF.