Defined contribution plans
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Illinois State Board rehires T. Rowe Price as record keeper of 457 plan
trueIllinois State Board of Investment, Chicago, at its meeting Friday rehired T. Rowe Price as record keeper for the $4.1 billion Illinois State Employees’ Deferred Compensation Plan, Springfield.
Clackamas Fire District issues call for record keeper
trueClackamas Fire District #1 Deferred Compensation and Matching Plans is searching for a single record keeper for its 401(a) and 457 plans.
Ohio deferred compensation plan drops PIMCO for TCW Group
trueOhio Public Employees Deferred Compensation Program is adding the Ohio DC Intermediate Bond fund, managed by TCW Group, to its investment options lineup.
Washington, D.C., taps ICMA-RC as record keeper for 2 DC plans
trueWashington, D.C., hired ICMA-RC as record keeper for the district’s 457 and 401(a) plans with combined assets of $1.3 billion.
U.K. chancellor's budget allows retirees to sell annuities to third parties
trueChancellor of the Exchequer George Osborne’s budget announcement Wednesday included further reforms to the U.K. retirement market, with changes to tax rules and the launch of a consultation into building a secondary annuities market.
Indicator: Half of households at risk for retirement readiness
trueMore than half of working-age households are at risk of falling more than 10% behind replacement rate targets, according to one retirement readiness measure presented in a report released Tuesday.
Alternatives make push for target date funds, DC plans
trueAlternative fund managers are getting a boost from a movement among retirement plan advisers to use more open architecture and custom target-date funds, according to interviews with managers and advisers who work in the space.
Texas school district looking for record keeper for 2 DC plans
trueAlief Independent School District, Houston, is searching for a record keeper for its 401(a) and 457 plans.
Fresno Economic commission wants consultant for DC plans
trueFresno (Calif.) Economic Opportunities Commission is searching for an investment consultant for its defined contributions plans.
L.A. County DC plans preparing proxy advisory RFP
trueLos Angeles County Deferred Compensation and Thrift Plans is preparing to launch an RFP for a proxy advisory firm later this month.
NAPF conference: U.K. DC plan design should look to U.S. model
trueThe U.K. defined contribution plan market should look to the U.S. for inspiration to keep participants safe when upcoming retirement freedom changes kick in, said senior people in the money management and pension industries.
Hedge fund managers to gear business toward pension funds — survey
trueAs the hedge fund industry changes, so will the way managers structure, manage and market their products, said a report from KPMG International, Alternative Investment Management Association and Managed Funds Association.
Prince William County Public Schools looking for provider for 2 DC plans
truePrince William County Public Schools is searching for a bundled provider for its $523 million 403(b) plan and $16 million 457 plan.
Denver transit revs up search for consultant
trueDenver Regional Transportation District is searching for an investment consultant for its $42 million 457 plan.
Broomfield, Colo., adds Principal fund to 401(a) plan
trueBroomfield, Colo., is adding the Principal High-Yield Fund to the investment lineup of its $48 million 401(a) general employees money purchase plan.