Defined contribution plans
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Denver City & County 457 plan replaces PIMCO fund with MetWest option
trueDenver City & County Deferred Compensation Plan added the Metropolitan West Total Return Fund to the lineup of its 457(b) plan, a letter to plan participants shows.
Marvin Windows and Doors retools DC plan lineup
trueMarvin Windows and Doors Inc. is adding eight investment options to its profit sharing and 401(k) plan.
trueLitigation, regulation, legislation and some consternation emerged as dominant themes at the annual Pensions & Investments' East Coast Defined Contribution Conference, held March 1-3 in Miami.
Ohio 529 plan adds Dimensional to fund lineup, drops PIMCO, GE Asset Management
trueOhio Tuition Trust Authority, Columbus, is making changes to the investment lineup of its $4.1 billion CollegeAdvantage 529 Direct College Savings Plan.
Average retirement ages up slightly from a decade ago
trueIn 2013, the average retirement age in the U.S. was about 64 for men and approximately 62 for women, according to a research note published by the Center for Retirement Research at Boston College. The authors define retirement age as “the age at which the labor force participation rate drops below ...
Minnesota State Retirement goes with Empower as 457 plan record keeper
trueinnesota State Retirement System hired Empower Retirement as record keeper for its $5.8 billion 457 plan, effective July 1.
Banks join technology chiefs to press Congress for cybersecurity bill
true.P. Morgan Chase, Lockheed Martin and Microsoft are among 32 technology, banking and retail companies urging lawmakers to pass legislation that provides legal protection for sharing hacking threats.
University of Colorado picks TIAA-CREF as sole record keeper, consolidates lineup
trueUniversity of Colorado System hired TIAA-CREF as sole record keeper for its 401(a) and 403(b) plans.
P&I announces 2015 Eddy Award winners
trueThirty-nine defined contribution plan education campaigns on Monday won Eddy Awards, the annual recognition by Pensions & Investments of best practices by defined contribution plans in providing investment education to participants.
Detailed list of Eddy Award winners
trueThe Eddy Awards were created to identify and reward the best practices in providing investment education to defined contribution plan participants.
DC execs expecting big changes from Obama push on fiduciary standard
trueWith President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.
Connecticut chooses Prudential Retirement to administer 3 state DC plans
trueConnecticut Office of the State Comptroller and members of the State Employees Retirement Commission hired Prudential Retirement as third-party administrator for the state’s three defined contribution plans.
NYC comptroller announces group to study retirement plan for private-sector employees
trueNew York City Comptroller Scott Stringer on Friday identified the members of a retirement security study group who will study ways to provide retirement security to New York City residents who lack retirement plans at work.
Vanguard increases international equity, bond allocations in target-date funds
trueVanguard Group is changing the allocation of its target-date and target-risk funds by raising its international equity and international bond components.
Federal Thrift Savings Plan chooses new CIO
trueRavindra Deo was named chief investment officer of the Federal Retirement Thrift Investment Board on Wednesday.