Defined contribution plans
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We need your help to make the P&I 1,000 issue better
truePensions & Investments' data reporting is nothing without our readers' cooperation. In recognition of that, we are providing, free of charge, full historical access to the P&I Research Center to retirement plan executives who complete the survey form for the P&I 1000.
Phoenix Employees swaps managers for DC plan options
truePhoenix Employees’ Deferred Compensation Board is adding the MFS Mid Cap Value Fund as an investment option in the two defined contribution plans it oversees.
Australian superannuation assets rise 9.6%
trueAustralian superannuation assets were up 9.6% for the year ended Sept. 30, according to the Australian Prudential Regulation Authority's quarterly performance report, released Thursday.
New London firefighters drop DC plan, join Connecticut Municipal Employees
trueNew London, Conn., firefighters are back to participating in a municipal defined benefit plan after being in a 401(a) defined contribution plan for 17 years.
Texas Prepaid stays with AKF as 529 plan consultant
trueTexas Prepaid Higher Education Tuition Board rehired AKF Consulting as a consultant, pending successful contract negotiations.
DC participants lack retirement readiness, despite plan improvements — report
trueMany U.S. employers believe their employees lack retirement readiness, a new report from Towers Watson shows. Of the 457 DC plan executives surveyed, 78% said retirement readiness is an important issue for their employees. However, only 12% believe their employees know how much they need to save.
Supreme Court declines stock-drop case
trueThe Supreme Court on Monday declined to hear an appeal by participants in a class-action lawsuit against Cleveland-based KeyCorp and fiduciaries of the firm’s $1.5 billion 401(k) plan, alleging company stock was an imprudent investment.
Federal retirement benefits likely target for GOP
trueFederal employees are bracing for more bad news about their retirement benefits as Republicans prepare to control both chambers of Congress.
Defense Department urged to shift to hybrid retirement plan
trueThe Department of Defense could save billions of dollars and expand benefits coverage if it adopted a hybrid retirement plan, according to a Rand Corp. study.
San Francisco City & County Employees terminates PIMCO from DC plan
trueSan Francisco City & County Employees' Retirement System on Wednesday ratified the termination of the PIMCO Total Return Fund from its $2.67 billion deferred compensation plan.
Boise lines up 3 as finalists in 457 plan search
trueBoise (Idaho) Governmental 457 Deferred Compensation Plan named three finalists in its search for a bundled provider.
Oregon utility fires up record-keeper search for 2 DC plans
trueCentral Lincoln People’s Utility District is searching for a record keeper for its $13 million 457 plan and $1 million 401(k) plan.
Roanoke County seeks investment consultant for schools' DC plan
trueRoanoke County, Va., is searching for an investment consultant for Roanoke County Public Schools’ $6.6 million 403(b) plan.
Jacksonville utility company seeks consultant for DB, DC plans
trueJEA, Jacksonville, Fla., is searching for an investment consultant for its $147 million St. Johns River Power Park Defined Benefit Employees' Retirement Plan, $119 million 457 plan and $14 million 401(a) plan.
Supreme Court won't review Tussey vs. ABB fiduciary breach case
trueThe U.S. Supreme Court on Monday declined a petition that it review Tussey et al. vs. ABB Inc. et al., a fiduciary breach case that has been closely watched by the definehttp://edit.pionline.com/apps/pbcsedit.dll/redd contribution plan community.