Defined contribution plans
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American Benefits Council calls for simplified retirement approach from Washington
trueEmployers need more flexibility and simplicity in providing retirement and other benefits, officials with the American Benefits Council said Tuesday as they unveiled a strategic plan for where employee benefits should be in 2020.
DC plans can expect little from Washington, conference attendees told
trueDefined contribution plan executives have many opportunities to encourage participants to save more for retirement without needing extra legislation or regulation. And even if they wanted more rules and laws, there’s little chance significant legislation or regulation affecting the retirement plans ...
Sonepar USA names new retirement program manager
trueAnnette Grabow was hired as retirement program manager for Sonepar USA, a subsidiary of France's Sonepar Group, a distributor of electrical products.
Cherokee Nation Businesses seeks DC consultant
trueCherokee Nation Businesses is searching for an investment consultant for its four 401(k) plans.
Heidrick & Struggles taps manager of global benefits
trueIra Finn was named manager of global benefits for Heidrick & Struggles International Inc., an executive search firm.
401(k)/IRA balances for those near retirement decline in 2013 from 2010
trueHouseholds approaching retirement had lower 401(k)/IRA balances in 2013 than 2010, a brief from the Center for Retirement Research at Boston College said.
Minnesota College Savings Plan boosts investment options
trueMinnesota College Savings Plan added seven investment options, all managed by TIAA-CREF.
U.S. worker pension coverage over the last 30 years
trueSince 1983, the number of U.S. workers covered only by a defined benefit pension plan has fallen to 17% from 62% in 2013, according to an issue brief released by the Center for Retirement Research released Monday.
Retirement tax incentives called 'out of whack'
trueSenate Finance Committee Chairman Ron Wyden, D-Ore., said at a hearing Tuesday that “something is out of whack” between the $140 billion in annual tax subsidies for retirement savings and the number of people who don’t have enough saved for retirement.
Think tank proposes new, minimum pension plan
trueEmployers should be required to offer a minimum pension and contribute a minimum of 50 cents per hour worked for every employee into a retirement plan, said a report released Tuesday from Third Way, a public-policy think tank and advocacy organization based in Washington.
Treasury's Iwry urges more use of behavioral research in DC plans
trueDefined contribution plan executives should pursue a “more robust” use of consumer finance behavior research lessons to help participants raise their retirement savings rates, the Treasury Department’s J. Mark Iwry said Tuesday.
Oregon task force recommends DC plan for private-sector employees
trueAn Oregon task force recommended the state Legislature create a defined contribution plan for all Oregonians who lack access to a retirement plan at their workplaces.
Outcomes the key metric for target-date funds
trueIn regard to the Aug. 18 Pensions & Investments' page 4 story, Some target-date funds are boosting equities:
Deadline nearing for 2015 Eddy Awards
trueThe deadline for the annual Eddy Awards, sponsored by Pensions & Investments, is only one month away.
Westchester County 457 plan selects Centurion Group as consultant
trueWestchester County Deferred Compensation Board, White Plains, N.Y., hired The Centurion Group as its first ongoing investment consultant.