Defined contribution plans
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Ruby Tuesday serves up 3 new options to 401(k) plan
trueRuby Tuesday Inc. is adding three new investment options to its 401(k) plan.
Charts: Advice seekers in DC plans
trueA recent study revealed differences in who seeks advice from plan sponsors in defined contribution plans.
Recent fiduciary breach settlements
truenAbbott et al vs. Lockheed Martin Corp. et al. A class-action settlement was announced Feb. 20 in which the company agreed to pay $62 million to participants in two 401(k) plans. The settlement, subject to final approval by a U.S. district court judge in East St. Louis, Ill., was based on a ...
State private retirement programs get help from president
truePrivate-sector retirement solutions programs at the state level are getting a boost from the White House.
U.S. Chamber of Commerce warns of fiduciary rule overkill
trueA new fiduciary rule proposal expected shortly from the Department of Labor could have negative unintended consequences, said benefits policy experts at a U.S. Chamber of Commerce forum Friday.
Denver Water casts net for record keeper for 2 DC plans
trueDenver Water is searching for a record keeper for its 401(k) and 457 plans, spokesman Travis Thompson said.
Salem, Ore., seeks consultant to assist in record-keeper search
trueSalem, Ore., is searching for a consultant to assist in the search for a single record keeper for its $67 million 457 plan, said an RFP e-mailed from the city’s contracts and procurement division.
Longmont, Colo., casts net for investment consultant for 3 DC plans
trueLongmont, Colo., is searching for an investment consultant for its three defined contributions plans.
South Carolina issues call for providers for state DC plan
trueSouth Carolina Public Employee Benefit Authority, Columbia, issued an RFP for third-party record keeping, administration and investment management for the state’s $1.5 billion Optional Retirement Program defined contribution plan.
EBRI: Retirement savings gap stands at $4.13 trillion
trueThe Employee Benefit Research Institute published updated figures Tuesday examining the retirement savings gap. They note that the aggregate national retirement savings gap is currently $4.13 trillion for all U.S. households, whose head of household is between 24 and 64 years old.
Federal Thrift plan seeks manager for $140.7 billion C Fund
trueFederal Retirement Thrift Investment Board is searching for a money manager for its C Fund, a stock index fund that tracks the S&P 500 index.
TIPS still top list of non-traditional assets in target-date funds; REITs make biggest gains
trueTIPS and REITs remain the most popular non-traditional asset classes in target-date portfolios, according to Pensions & Investments most recent survey of the largest U.S. retirement plans.
Crain Communications taps Principal Financial as record keeper
trueCrain Communications Inc., Detroit, hired Principal Financial Group as record keeper of its three defined contribution plans, said William A. Morrow, senior executive vice president.
Illinois Deferred Comp plan gets Franklin Templeton for small-cap growth
truellinois State Board of Investment hired Franklin Templeton Investments to manage an active U.S. small-cap growth equity fund option for the $4.1 billion Illinois State Employees’ 457 Deferred Compensation Plan.
University of St. Thomas signs Transamerica as record keeper for consolidated plan
trueUniversity of St. Thomas hired Transamerica Retirement Solutions as the sole record keeper for its consolidated defined contribution plan.