Defined contribution plans

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  1. Oklahoma Municipal Retirement adds 3 managers for international equities

    trueklahoma Municipal Retirement Fund hired WCM Investment Management, Investec Asset Management and Harding Loevner to run about $28 million each in active international equities for its $474 million defined benefit and $280 million 401(a) plans.

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  2. Judges scrutinized 50 nominations to find winners

    trueApproximately 50 defined contribution plan executives were nominated for the third annual Innovator Awards, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Association.

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  3. Book pushes changes to forestall retirement crisis

    trueThe U.S. retirement system needs an upgrade, says a new book recommending changes in defined contribution plans, tax policy, legislation, and Social Security.

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  4. GOP Congress might revisit tax incentives for retirement plans

    trueAs Republicans prepare to take control of the 114th Congress in 2015, their agenda could change the tax incentives for retirement plan sponsors and participants. Money managers could also see changes if the new Congress revisits much-criticized financial regulation.

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  5. NYC Deferred's Gestely borrowed an idea to get more women into their plan

    trueFaced with evidence that few women participate in the New York City Deferred Compensation Plan, Georgette Gestely, the plan's top executive and Innovator Award winner, borrowed a page from book clubs to encourage greater interest and contributions.

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  6. P&I spotlights 5 who went extra mile for participants

    true2014's five Innovator Award winners all sought to engage specific groups of participants who haven't taken full advantage of retirement savings programs or who have been underserved by their defined contribution plan.

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  7. Grossman used the power of a giant to help small-business workers

    trueHaving served on non-profits' boards and run a family marketing firm, Steven Grossman understands the challenges of small organizations — including providing retirement plans.

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  8. Qsuper's Vilgan worked to manage outcomes, not accumulation

    trueThe one-size-fits-all balanced fund that was the default investment option at QSuper, the A$48 billion (US$41.8 billion) superannuation fund for Australia's state of Queensland, concerned CEO Rosemary Vilgan.

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  9. Buck's Lowe setup a tool to get employees involved in their retirement

    trueSavings InSight, the new feature in Buck Consultants' $150.7 million $401(k) plan, is “being insightful as well as providing insight to the future,” said Jeannie Lowe, San Francisco-based administrator of the 401(k) plan and Innovator Award winner.

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  10. International Paper's Sung launched a program for everyone to stay in the plan

    trueCarol Sung really wants participants — current employees, former employees and retirees — to keep their savings in International Paper Co.'s $5.1 billion 401(k) plan, and she continues to look for ways to encourage them to stay.

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  11. Target-date fund outcomes expose fiduciaries to risk

    trueTDFs are often black boxes, so many fiduciaries don't realize they do not have a rigorous conceptual basis — as demonstrated by the dramatic variation in the returns and asset allocations of funds with the same target date.

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  12. Oklahoma PERS issues call for actuaries, auditors

    trueOklahoma Public Employees Retirement System, Oklahoma City, is searching for firms to provide actuarial consulting and auditing services, said Joseph A. Fox, executive director.

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  13. Average 401(k) balance as of Sept. 30

    trueThe average 401(k) balance as of Sept. 30 was $89,100. That figure -- based on the 21,300 corporate defined contribution plans for which Fidelity is record keeper -- was down 2% from June 30 but up 5.7% from Sept. 30, 2013.

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  14. Dutch pension funds prepare for new regulatory changes

    trueThe legislation that governs pension funds in the Netherlands, the Financial Assessment Framework, is moving pension funds “from less certain to certainly less."

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