Defined contribution plans
Watch breaking news videos and read news updates about Defined Contribution Plans on pionline.com
Toshiba adds defined contribution plan to retirement benefits lineup
trueToshiba Corp. announced Monday it will add a DC plan to a company retirement benefits lineup that's been dominated by a defined benefit plan and a lump-sum payout provision.
Central Arkansas Water taps First Security Bank as consultant for 3 DC plans
trueCentral Arkansas Water hired First Security Bank as investment consultant for its 401(a) and 457 plans.
Four-day fiduciary rule hearings end with call for safe-harbor provisions
trueAn eclectic group of presenters brought the fourth and final day of hearings on the Department of Labor's proposed conflict-of-interest rule to a close.
Speakers encourage fiduciary role for advice on DC lump sums, IRA rollovers
truePeople giving advice to defined contribution plan participants about lump-sum distributions and rollovers to individual retirement accounts should be covered by a new fiduciary standard, several speakers said Wednesday.
Rhode Island Airport Corp. seeking investment consultant
trueRhode Island Airport Corp., Warwick, is looking for an investment consultant for the company's $26.2 million in retirement funds.
DOL panel presenters debate more disclosure vs. stricter fiduciary rule
trueA customer bill of rights would go “a long way toward informing participants” in retirement savings accounts about what they are paying in fees and transaction costs, and would be better than a new fiduciary standard, Voya's Charles Nelson told a Department of Labor panel.
Study: 401(k) record keepers less likely to replace affiliated mutual funds
trueMutual fund companies acting as retirement plan record keepers “often act in ways that appear to advance their interests at the expense of plan participants,” according to a new issue brief released Tuesday by the Center for Retirement Research at Boston College.
Deloitte: Most DC plans are confident in providers' cybersecurity policies
trueMore than half of defined contribution plan executives say they are very confident in their providers' cybersecurity policy, and almost all said their data hadn't been compromised, a new survey states.
Dallas/Fort Worth Airport sticks with Bogdahn Group as consultant
trueDallas/Fort Worth International Airport Board rehired The Bogdahn Group as investment consultant for its six retirement plans.
System is 'structurally flawed,' Borzi says as fiduciary rule hearings start
truePublic hearings on an updated fiduciary standard proposed by the Department of Labor got underway Monday with witnesses presenting a range of positions.
Defined contribution money managers: 2015
trueIncreasing popularity of target-date funds boosts total DC assets 7% for year, exceeding $5.5 trillion.
Some changes in store for Eddys
truePensions & Investments is launching the 2016 Eddy Awards with a revised menu of seven entry categories — one new and six returning — and an online entry system designed to make the process smoother.
Defined contribution money managers by the numbers
trueInteractive data and statistics on asset growth.
TUCS funds dip in quarter
trueTrusts in the Wilshire Trust Universe Comparison Service returned a median -0.04% in the second of 2015, down from 2.13% the previous quarter, but outperforming the classic 60/40 portfolio of stocks and bonds for the second consecutive quarter, which returned -0.64%.
Nevada System of Higher Education sticks with Aon Hewitt as consultant
trueNevada System of Higher Education rehired Aon Hewitt Investment Consulting as investment consultant for its four defined contribution plans.