Defined contribution plans
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New York State Deferred Comp sticks with Callan
trueNew York State Deferred Compensation Plan rehired Callan Associates as its investment consultant.
Monroe County Water Authority looking for 457 plan administrator
trueMonroe County Water Authority is searching for an administrator for its $18 million 457 deferred compensation plan.
Study: Two-thirds want advice for their 401(k)
trueSixty-seven percent of respondents said they would like personalized investment advice for their 401(k) plan, according to Charles Schwab’s 2015 401(k) participant study. However, only 12% indicated they currently get this type of professional advice in managing their retirement assets.
Boeing 401(k) fiduciary breach lawsuit settled
trueAttorneys for The Boeing Co., Chicago, and participants in a Boeing 401(k) plan reached a provisional settlement in a case in which the participants had alleged breaches of fiduciary duty by plan administrators.
Prudential taps head of product development for total retirement solutions unit
trueSnezana Zlatar was named senior vice president and head of product development for the total retirement solutions business of Prudential Retirement, a unit of Prudential Financial.
Atlanta transit authority seeking consultant for 2 DC plans
trueMetropolitan Atlanta Rapid Transit Authority is searching for an investment consultant for its 401(a) plan and 457 plan.
Arlington County, Va., issues call for bundled provider for DC plans
trueArlington County, Va., is searching for a bundled provider for its 457 and 401(a) plans.
Important questions to ask current providers, in RFPs
trueDefined contribution plan executives must ask many questions of service providers about the scope of their cybersecurity policies and practices. The questions should be asked not only of current providers but also when issuing RFPs, according to 401khelpcenter.com.
Gaps remain in perception of cyber threats
trueEfforts by defined contribution and other employee benefit plans to improve cybersecurity appear to reflect a paraphrase from former Defense Secretary Donald Rumsfeld: They don't know what they don't know.
EBRI names Harry Conaway as successor to Dallas Salisbury
trueHarry Conaway will become the second CEO of the Employee Benefit Research Institute, effective Jan. 1.
ICI: Mutual fund fees continue downward trend for 401(k) participants
trueAverage equity mutual funds fees paid by 401(k) participants dropped to 54 basis points in 2014, down four basis points from 2013.
Montana adds Neuberger Berman high-yield fund to 401(a) plan lineup
trueMontana Public Employee Retirement Administration, Helena, added the Neuberger Berman High Income Bond Fund to the lineup of its roughly $140 million 401(a) plan.
Toshiba adds defined contribution plan to retirement benefits lineup
trueToshiba Corp. announced Monday it will add a DC plan to a company retirement benefits lineup that's been dominated by a defined benefit plan and a lump-sum payout provision.
Central Arkansas Water taps First Security Bank as consultant for 3 DC plans
trueCentral Arkansas Water hired First Security Bank as investment consultant for its 401(a) and 457 plans.
Four-day fiduciary rule hearings end with call for safe-harbor provisions
trueAn eclectic group of presenters brought the fourth and final day of hearings on the Department of Labor's proposed conflict-of-interest rule to a close.