Defined contribution plans
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University of Oklahoma switches target-date fund providers
trueUniversity of Oklahoma, Norman, is adding the American Funds series of target-date funds to the investment lineup of its 401(a), 403(b) and 457(b) plans, effective Aug. 6.
Boise issues call for 457 plan provider
trueBoise (Idaho) Governmental 457 Deferred Compensation Plan is searching for a bundled provider.
Kentucky Deferred Comp shifts equity fund focus
trueKentucky Public Employees’ Deferred Compensation Authority, Frankfort, is making changes to the investment lineup of its 457(b) and 401(k) plans.
North Dakota employees adds DFA fund, drops Parnassus option for DC plans
trueNorth Dakota Public Employees Retirement System added the Dimensional Fund Advisors U.S. Small Cap fund as an investment option in its $31.6 million 401(a) plan and $61 million 457 companion plan.
Niagara County seeking provider for 457 plans
trueNiagara County, Lockport, N.Y., is searching for a bundled provider for two 457 plans.
Aurora, Colo., looking to rope 457 plan provider
trueAurora, Colo., is searching for a bundled provider for its $118 million 457 deferred compensation plan.
U.K. to allow private-sector DB plan participants to continue to switch to DC plans
trueThe U.K. government will allow private-sector defined benefit plan participants to transfer to newly flexible defined contribution plans, said Chancellor of the Exchequer George Osborne.
A few changes to P&I's Eddy Awards
trueNew rules, a revised menu of entry categories and a new venue mark the launch of the 2015 Eddy Awards.
Hong Kong fund is taking target-date approach to default option
trueHong Kong's Mandatory Provident Fund Scheme Authority is looking to push the envelope — gently — in devising the HK$519 billion (US$67 billion) defined contribution system's first standardized default investment option.
New Jersey Transit searching for administrator, custodian services
trueNew Jersey Transit Corp. is looking for an administrator, custodian and trustee for its five defined benefit pension funds.
ICI: 401(k) mutual fund fees continue to drop
trueAverage fees for equity mutual funds held in 401(k) accounts fell to 58 basis points last year, down five points from 2012, said a report by the Investment Company Institute published Monday.
Delaware seeks consultant for state's 2 DC plans
trueDelaware State Treasury is searching for a general consultant for the state's $526 million 457 plan and $270 million 403(b) plan.
Killeen school district keeps Kazdon as 403(b) administrator
trueKilleen (Texas) Independent School District rehired Kazdon as third-party administrator for its 403(b) plan.
Illinois deferred comp plan drops Lord Abbett for large-cap equity
trueIllinois State Employees' Deferred Compensation Plan, Springfield, terminated Lord Abbett & Co., which manages a $147 million active U.S. large-cap core equity portfolio, effective Sept. 1, said William R. Atwood, executive director of the Illinois State Board of Investment, fiduciary of the plan.
Nominations now open for Lillywhite Award
trueNominations are open for the 2014 Lillywhite Award, said Dallas Salisbury, president and CEO of the Employee Benefit Research Institute.