Defined contribution plans

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  1. DC holdings of domestic equity mutual funds highest since 2007

     

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  2. Scottish higher education procurement consortium calls on Mercer to start new DC plan

    trueAdvanced Procurement for Universities and Colleges, Edinburgh, hired Mercer to establish a defined contribution plan on behalf of the U.K. higher and further education sector.

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  3. Phoenix Employees' Deferred Comp looking for stable value manager

    truePhoenix Employees' Deferred Compensation Board is searching for a stable value fund manager for the two defined contribution plans it oversees.

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  4. Northern Trust: DC participants dump fixed income in favor of target-date funds, U.S. equity

    trueDefined contribution plan participants continued to invest in target-date funds while reducing their holdings in fixed income and increasing allocations to U.S. small-cap and midcap equities in 2013, according to a report from Northern Trust.

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  5. SSgA names DC strategist for London office

    trueAlistair Byrne was appointed as senior defined contribution strategist in State Street Global Advisors' London office.

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  6. U.K. High Court rules IBM breached pension duties

    trueInternational Business Machines Corp., Armonk, N.Y., breached its duties to U.K. pension fund participants in the way it implemented a restructuring of its arrangements, the High Court of Justice, Chancery Division has ruled.

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  7. CalSTRS taps ING as record keeper, outlines responsibilities for new DB consultant structure

    trueCalSTRS hired ING U.S. Retirement Solutions as a third-party administrator and record keeper for the retirement system's 403(b) and 457(b) supplementary saving program.

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  8. Nevada Treasurer's Office searching for consultants for 529 plans

    trueNevada State Treasurer's Office is searching for at least one investment consultant for its $13 billion Nevada College Savings Trust Fund and $178 million Nevada Higher Education Prepaid Tuition Trust Fund.

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  9. AllianceBernstein hires senior client service officer for DC business

    trueRoberta Matheny was named vice president and senior client service officer at AllianceBernstein.

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  10. BNY Mellon reopens stable value fund to all investors

    trueBank of New York Mellon reopened its Mellon Stable Value Fund to all investors, removing restrictions that had been placed on the $1.05 billion fund in January 2012.

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  11. Tennessee in hunt for third-party administrator for 3 plans

    trueTennessee Department of the Treasury, Nashville, is searching for a third-party administrator for the state's 457 and 401(k) plans, and 529 college savings plan.

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  12. Treasury and IRS offer rollover relief

    trueThe Treasury Department and Internal Revenue Service issued guidance Thursday that removes a cumbersome step sponsors of retirement plans must take when accepting rollovers from other employers' plans. The change applies to any qualified plan, including defined benefit, defined contribution, ...

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  13. Washington Metro hires Lincoln Financial Group as 457 plan provider

    trueWashington Metropolitan Area Transit Authority hired Lincoln Financial Group as bundled provider for its 457 plan, which has $385 million in assets.

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  14. J.P. Morgan Asset Management large-plan DC business going to Great-West

    trueGreat-West Financial will acquire the large-plan defined contribution business of J.P. Morgan Asset Management, creating the second-largest U.S. record keeper by participants and tying for second based on assets under administration.

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