Defined contribution plans
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New York county looking for administrator, investment options for new 457 plan
trueTompkins County, Ithaca, N.Y., is searching for firms to provide administration, trust services and investment options for a new 457 deferred compensation plan.
Lawsuit against Financial Engines a red flag for plan executives
trueGRQ Investment Management filed a lawsuit Aug. 8 against Financial Engines and Financial Engines Advisors in U.S. District Court claiming Financial Engines infringed on a pair of patents belonging to GRQ.
Wood Buffalo in Alberta looking for record keeper
trueWood Buffalo, Fort McMurray, Alberta, issued an RFP for a record keeper for its two defined contribution plans
Sacramento utility seeks consultant for two DC plans
trueSacramento (Calif.) Municipal Utility District is searching for an investment consultant for its $208 million 401(k) and $99 million 457 plans
Oregon 457 plan adds real return option
trueOregon Investment Council, Tigard, added a real return investment option and switched some equity managers for the state's $1.6 billion 457 plan
Supreme Court appeal filed in DC plan fiduciary breach case
truePlaintiffs in a defined contribution plan fiduciary breach case, Tussey et al. vs. ABB Inc. et al., have filed an appeal with the U.S. Supreme Court.
AMN Healthcare goes with Prudential for 401(k) record keeper
trueAMN Healthcare Inc. hired Prudential Retirement as the record keeper of its 401(k) plan.
SolarCity signs Fidelity as record keeper
trueSolarCity Corp. hired Fidelity Investments as record keeper of its 401(k) plan.
Clackamas Fire District recommends Hyas Group as investment consultant
trueClackamas Fire District #1 Deferred Compensation and Matching Plans, Milwaukie, Ore., recommended hiring Hyas Group as its first investment consultant.
Our Lady of the Lake University taps Transamerica
trueOur Lady of the Lake University hired Transamerica Retirement Solutions as record keeper of is 403(b) plan.
Texas Prepaid changes provider for 3 plans
trueTexas Prepaid Higher Education Tuition Board hired NorthStar Financial Services Group as service provider for its $413 million Texas Tuition Promise Fund, $252 million Texas College Savings Plan and $154 million LoneStar 529 Plan.
New York State Deferred Comp issues call for custodian
trueNew York State Deferred Compensation Plan is searching for a custodian/trustee.
Longmont, Colo., switches bundled provider for 401(a) plan
trueLongmont, Colo., hired Great-West Retirement Services as bundled provider for the city's $65 million 401(a) plan.
Broomfield, Colo., goes with Great-West as record keeper
trueBroomfield, Colo., hired Great-West Retirement Services as the record keeper for its approximately $85 million 401(a) money purchase plans.
Lockheed Martin 401(k) class-action lawsuit approved for trial
trueA class-action lawsuit brought by employees of Lockheed Martin Corp., Bethesda, Md., has been approved for trial by a U.S. district court judge.