Defined contribution plans
Watch breaking news videos and read news updates about Defined Contribution Plans on pionline.com
North Dakota DC plans put T. Rowe Price fund on watch for performance
trueNorth Dakota Public Employees Retirement System put the T. Rowe Price Equity Income Fund on watch for performance.
Palm Beach County Sheriff's Office picks Lincoln Financial as record keeper
truePalm Beach County Sheriff’s Office hired Lincoln Financial Group as record keeper of its 401(a) and 457 plans.
Aegon: Retirement readiness improving globally, but still far off
trueWhile retirement readiness is improving, many respondents to an Aegon survey fail to plan for their retirement properly or have an appropriate backup plan in place.
Lane County, Ore., goes with TIAA-CREF as third-party administrator for DC plans
trueLane County, Ore., hired TIAA-CREF as third-party administrator for its 457(b) plan and new 401(a) plan.
Summit County, Colo., in hunt for firm to provide record keeping, administrative services
trueSummit County, Colo., is searching for a firm to provide record-keeping and administrative services for its $45 million 401(a) plan.
Memphis opens search for provider for 457 and 401(a) plans
trueMemphis, Tenn., is searching for a bundled provider for its $260 million 457 plan, as well as a new 401(a) plan.
Institutional investors urge G-7 to support emission reductions globally
trueRepresentatives from some of the world’s largest pension funds, endowment funds and money managers signed a letter to the finance ministers of G-7 countries urging them to support a move to a low-carbon investment environment.
Oklahoma Public Employees puts 2 DC options on watch
trueOklahoma Public Employees Retirement System put two investment options in its 401(a) and 457 plans on watch for performance and organizational issues.
Democratic senators urge Obama to clarify rules on state-sponsored private-sector plans
trueA group of Democratic senators are urging President Barack Obama to act “as soon as possible” to provide clarity to states interested in sponsoring private-sector retirement plans.
Washington latest state to encourage workplace retirement plans
trueA new law in the state of Washington to expand the number of workplace retirement plans adds momentum to state efforts to get more of their citizens to start saving.
Longmont, Colo., chooses Cook Street as first consultant for 3 DC plans
trueLongmont, Colo., hired Cook Street Consulting as investment consultant for three of its defined contributions plans.
Illinois State Universities looking for 401(a) providers
trueIllinois State Universities Retirement System is searching for bundled providers for its $1.6 billion 401(a) defined contribution plan.
Supreme Court rules against Edison in 401(k) fiduciary breach case
trueThe U.S. Supreme Court on Monday broadened the responsibility of defined contribution plans, saying they have a “continuing duty to monitor trust investments and remove imprudent ones” even though federal law sets a six-year time limit for lawsuits alleging breaches of fiduciary duty.
P&I extends registration deadlines for 2 programs
trueDeadlines for registering for Best Places to Work in Money Management and the Innovator Awards have been extended.
Experts dissecting fiduciary rule's carve-outs
trueDefined contribution industry participants are paying close attention to the carve-outs — exemptions distinguishing non-fiduciary behavior from fiduciary behavior — in the Labor Department's fiduciary rules proposed last month.