Defined contribution plans
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Orlando Aviation Authority charts DC provider search
trueGreater Orlando (Fla.) Aviation Authority is searching for a bundled provider for its 401(a) and 457(b) plans, said an RFP posted on Orlando International Airport’s purchasing website.
Monroe County names 457 plan consultant
trueMonroe County 457 Deferred Compensation Plan, Rochester, N.Y., rehired Generation Capital Management as investment consultant for a five-year period, said Brayton Connard, director of human resources for the county and chairman of the $213 million plan, in an e-mail.
Buck Consultants taps DC head for the U.K.
trueSue Curley joined Buck Consultants as head of defined contribution trust based services in the U.K., said a spokeswoman.
Multiemployer DC plan goes with Great-West as record keeper
trueDirected Account Plan, Bridgeton, Mo., hired Great-West Retirement Services as record keeper, said Michelle Silberberg, executive director.
Verisight and Newport Group merge DC businesses
trueVerisight Inc., Walnut Creek, Calif., will acquire Newport Group Inc., Orlando, Fla., in a combination of companies that provide defined contribution record keeping, investment consulting, executive benefits and defined contribution consulting.
Washington County Public Schools looking for record keepers
trueWashington County Public Schools, Hagerstown, Md., is searching for record keepers for its $22 million 403(b) plan and $4 million 457 plan.
U.K. Pensions Regulator prepares for smaller companies to start auto enrollment
trueThe U.K.’s pensions watchdog expects to be forced to increasingly exercise its statutory powers against employers that fail to comply with automatic enrollment requirements as small businesses prepare to enter the process.
CEO of Voya's DC business resigns
trueMaliz Beams is resigning as CEO of Voya Financial's retirement solutions business to pursue “other opportunities,” said a news release from Voya.
San Francisco Deferred Comp approves replacing PIMCO with Baird
trueSan Francisco Deferred Compensation Plan approved replacing the PIMCO Total Return Fund in light of the resignation of manager William H. Gross.
Judson school district wants 457 plan provider
trueJudson Independent School District, Live Oak, Texas, is searching for a provider for its 457(b) plan, said Michael L. Ashmore, director of purchasing.
North Carolina launches record-keeper search for 2 DC plans
trueNorth Carolina Department of State Treasurer, Raleigh, is searching for a firm to provide record keeping and/or communication services for its 457 and 401(k) plans with more than $8.6 billion in combined assets.
NAPF chairman wants more clarity on U.K. DC savings changes
trueThe U.K. government must communicate with the industry and clarify issues around its pledge to increase freedom and choice in defined contribution plans to help the money management and pensions industry in general to avoid causing "fear and confusion," says the National Association of Pension ...
Geldof makes case at NAPF conference for new areas of pension fund investment
trueThe case for investing in new markets and asset classes is stronger than ever, given "ridiculous" bond yields, said Sir Bob Geldof, musician, business entrepreneur and political activist.
Higher education DC plans turning to consultants, smaller lineups — survey
trueMore higher education retirement plans are using investment consultants while streamlining their investment options lineups, said a news release regarding a survey from Cammack Retirement Group.
Oklahoma State University taps TIAA-CREF as sole provider
trueOklahoma State University System, Stillwater, selected TIAA-CREF as sole provider for its defined contribution plans, said a letter to plan participants from the university system.