Defined contribution plans
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Plano, Texas, seeks provider for 457 plan
truePlano, Texas, is searching for a bundled provider for its $86 million 457 plan.
San Bernardino County consolidates DC plan lineup
trueSan Bernardino County, Calif., is consolidating the lineups of its defined contribution plans, said a letter to plan participants on the county's human resources website.
Dow Corning switches to Vanguard as record keeper of 401(k) plan
trueDow Corning Corp. hired Vanguard Group to replace T. Rowe Price as record keeper of its Employees' Capital Accumulation 401(k) plan.
Gresham, Ore., scouting for consultant for 457 plan
trueGresham, Ore., is searching for an investment consultant for its $36.2 million 457 plan.
Nearly a third of workers have less than $1,000 saved for retirement
trueTwenty-eight percent of workers said they had less than $1,000 in savings and investments (excluding the value of their primary residence or defined benefit plan assets), according to the Employee Benefit Research Institute’s 25th annual Retirement Confidence Survey, released earlier this week.
Rep. Crowley calls for universal retirement accounts
trueRep. Joseph Crowley, D-N.Y., laid out a sweeping proposal for increasing Americans' retirement savings and other long-term needs Tuesday.
Voya Financial taps former Great-West president as CEO of retirement
trueCharles P. Nelson was named CEO of retirement for Voya Financial, effective May 1.
DOL's proposed fiduciary rule on advice gets a thumbs-up
trueDefined contribution industry executives are optimistic that after nearly four years of work and intense debate, the Department of Labor's proposal for updating a 40-year fiduciary standard for anyone giving retirement investment advice will finally bring greater protection for their participants ...
DC plans playing catch-up on education for roll-ins
trueDefined contribution plans are allowing employees to roll in disparate retirement account balances from previous employers and individual retirement accounts, trying to help reduce the burden of managing multiple accounts and take advantage of lower fees.
John Lewis Partnership taps Legal & General to administer DC plan
trueJohn Lewis Partnership, London, hired Legal & General as administrator for the defined contribution section of its new hybrid retirement plan, a John Lewis spokesman said.
BofA survey: Health-care costs hindering retirement plan and other benefits
trueRising health-care costs are putting pressure on some 401(k) plan executives to reduce certain other benefits, including those related to retirement accounts and employee education, a survey by Bank of America Merrill Lynch said Thursday.
Sonepar USA replaces Prudential with Schwab as 401(k) record keeper
trueSonepar USA hired Schwab Retirement Plan Services as record keeper for its 401(k) plan.
Yale University picks TIAA-CREF as sole record keeper for DC plans
trueYale University hired TIAA-CREF as the sole record keeper of its four defined contribution plans, which total $4.4 billion in assets.
Livonia, Mich., seeks consultant for 2 DC plans
trueLivonia, Mich., is searching for a consultant for its $56 million 401(a) plan and $60 million 457 plan.
Salt River Materials Group adds 2 bond funds to 401(k) plan, removes PIMCO
trueSalt River Materials Group, Scottsdale, Ariz., is adding the Metropolitan West Total Return Bond Fund and the Vanguard Total Bond Market Index Fund to the investment options lineup in its 401(k) plan.