Defined contribution plans
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Palm Beach chooses bundled provider finalists for 457 plan
truePalm Beach County Clerk and Comptroller's Office, West Palm Beach, Fla., named three finalists in its search for a bundled provider for its $13 million 457 plan, confirmed Kathy Burstein, spokeswoman for Sharon R. Bock, county clerk and comptroller.
Chicago Metropolitan Water Reclamation District casts net for bundled provider
trueChicago Metropolitan Water Reclamation District is searching for a bundled provider for its 457 deferred compensation plan, confirmed James Fisher, compensation and benefits manager.
TIAA-CREF: Participants with knowledge of investment options more likely to save
truePeople familiar with their retirement plan investment options are nearly twice as likely to save 10% or more of their annual income compared to people who say they aren’t familiar with investment options in their retirement plan, according to a survey published Wednesday by TIAA-CREF.
Clarke County School District wants investment consultant for DC plans
trueClarke County School District, Athens, Ga., is searching for its first investment consultant for its 403(b) and 457 plans.
Brookings Institution offers middle ground in public plan reform debate
trueExperts at the Brookings Institution are offering a middle ground in the debate over public pension plans: the collective defined contribution plan.
Janney Montgomery Scott chooses Putnam as record keeper
trueJanney Montgomery Scott LLC hired Putnam Investments as record keeper of its defined contribution plan.
Kansas bill to start DC plan for state workers, teachers stalls
trueA bill that would place Kansas government employees and teachers hired after Jan. 1, 2016, into a defined contribution plan died in the Kansas House Pensions and Benefits Committee when it did not receive enough votes to move on to the full House.
Fairbanks issues call for 457 plan bundled provider
trueFairbanks, Alaska, is searching for a bundled provider for its 457(b) deferred compensation plan.
Southwest Airlines brings NEPC on board for DC plans
trueSouthwest Airlines Co. hired NEPC as investment consultant for its 401(k) and profit-sharing plans.
Mississippi seeks investment consultant for 529 plan
trueMississippi Office of the State Treasurer, Jackson, is searching for an investment consultant for the state's $295 million 529 plan.
Natixis: U.S. ranks 19th in worldwide retirement security index
trueThe U.S. ranks 19th worldwide in retirement security, according to the 2014 Global Retirement Index, released Tuesday by Natixis Global Asset Management. That rank is unchanged from the year-earlier survey.
Massachusetts wants data on annual lump-sum matching DC contributions
trueThe Massachusetts Securities Division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings.
Americans' savings habits slipping, survey finds
trueSlightly more than half of Americans set specific savings goals, and when it comes to retirement, less than half save through an employer-sponsored plan, according to a survey released Monday as part of America Saves Week, a campaign led by the Consumer Federation of America and the Employee ...
Chevron adding 3 options, dropping 2 in 401(k) plan
trueChevron Corp., San Ramon, Calif., is adding three investment options and dropping two others to its 401(k) plan.
LGIMA acquires U.S. DC provider
trueLegal & General Group made its first U.S. money management acquisition, buying Global Index Advisors, confirmed Emma Douglas, head of defined contribution solutions at subsidiary Legal & General Investment Management.