Defined contribution plans
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Cogent: Fee disclosure regs bringing change to 401(k) plans' investment lineups
trueFifty-one percent of 401(k) plans expect to change their investment lineups in the next 12 months, a “considerable” increase from the 44% that forecast changing lineups a year ago.
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Halliburton adds target-date funds to DC plantrueHalliburton Co., Houston, added custom target-date funds for the first time to its Retirement and Savings Plan.
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Bad data can derail plan sponsorstrueFor plan executives, accurate data has always been vital for effective day-to-day operations. Yet, many fail to make data management a priority. With the recent industry shift toward programs to derisk the balance sheet in defined benefit plans and to limit risks and lower costs in defined ...
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Former UBS Global DC chief opens own firm
trueDrew Carrington has left his job as managing director and head of defined contribution and retirement solutions at UBS Global Asset Management to run his own firm consulting to defined contribution service providers.
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Barclays Bank picks Putnam as service provider for 401(k) plan
trueBarclays Bank PLC hired Putnam Investments as service provider for its 401(k) plan.
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State pension reforms to result in more hybrid pension plans — report
trueMore states will create hybrid plans in the future because of the less-volatile contribution levels and the fact that the defined contribution components are portable for a workforce that is now increasingly more mobile, according to a new report from the TIAA-CREF Institute and the Rockefeller ...
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Bogle: U.S. faces 3 retirement 'train wrecks'trueThe U.S. is facing three retirement “train wrecks”: the growth of social security entitlements, “grotesquely underfunded” pension funds, and the structure of defined contribution plans, Jack Bogle, founder of the Vanguard Group, said Thursday at the 25th annual Morningstar Investor Conference in ...
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Deferral rates in U.S. defined contribution plans in 2012trueEarlier this week, Vanguard released its annual "How America Saves" report, which takes a look at retirement savings trends among plans for which it serves as the record keeper. The average deferral rate at the end of 2012 was 7%, up slightly from 6.9% a year earlier. The median deferral rate was ...
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ICI: Fees for mutual funds in 401(k) plans continue to fall
trueThe greater use of institutional-price shares, the growth of index mutual funds and competition among mutual fund companies contributed to the continuing trend of lower fees for mutual funds in 401(k) plans, according to the Investment Company Institute.
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Federal Retirement Thrift searches for I Fund manager
trueFederal Retirement Thrift Investment Board is seeking a fund manager for its $28.8 billion International Stock Index Investment Fund.
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Perry, N.Y., sends out call for bundled provider for 457 plan
truePerry, N.Y., is searching for a bundled provider for its 457 deferred compensation plan.
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Vanguard: Auto enrollment reaching plateautrueThe percentage of defined contribution plans offering auto enrollment climbed to 32% last year — up three percentage points from 2011 — according to the latest annual analysis by Vanguard Group of plans for which it is record keeper.
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Texas prepaid education board in hunt for 529 plan provider
trueTexas Prepaid Higher Education Tuition Board, Austin, is searching for at least one service provider for three 529 tuition plans, according to an RFP posted on the state's procurement website.
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Lillywhite Award nominations now open
trueNominations are open for the 2013 Lillywhite Award, the Employee Benefit Research Institute announced Tuesday.
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Denver City, County Deferred Comp Plan drops Janus Overseas
trueDenver City & County Deferred Compensation Plan is eliminating the Janus Overseas Fund from its investment option lineup.
