Public DC plans
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Federal Thrift Savings Plan to explore implementing brokerage window
trueThe governing board of the Federal Thrift Savings Plan has given plan executives the go-ahead to explore adding a self-directed brokerage account for mutual funds to the plan’s investment menu.
Summit County, Colo., sticks with Milliman as record keeper
trueSummit County, Colo., rehired Milliman to provide record-keeping and administrative services for its $45 million 401(a) plan.
NEST assets up 300% for year, posts solid returns
trueNational Employment Savings Trust's assets increased more than 300% to £420 million in the year ended March 31.
Colorado pension benefits cost efficient, actuary finds
trueRetirement benefits provided by the Colorado Public Employees' Retirement Association are cost efficient, a new report states.
North Carolina rehires Prudential as record keeper for 2 DC plans
trueNorth Carolina Retirement Systems rehired Prudential Retirement as record keeper for $9.1 billion in 457 and 401(k) plan assets.
Denver Water sticks with Empower Retirement as record keeper
trueDenver Water rehired Empower Retirement as record keeper for its 401(k) and 457 plans.
Pennsylvania governor vetoes pension reform bill to put new employees in DC plan
truePennsylvania Gov. Tom Wolf vetoed a pension reform bill Thursday that aimed to improve the funding, sustainability and fiscal responsibility of the state's two largest pension funds.
Hanover County, Va., on lookout for consultant for 3 DC plans
trueHanover County, Va., is searching for an investment consultant for its three defined contribution pl said an RFP on the county's purchasing website.
Massachusetts 457 plan seeks managers for active large-cap and passive strategies
trueOffice of the Massachusetts Treasurer and Receiver General is searching for managers for an active large-cap growth equity strategy and five passive strategies for the state's approximately $6 billion 457 plan.
Illinois State Board puts 2 Wellington strategies on watch for performance
trueIllinois State Board of Investment placed Wellington Management on watch for underperformance for fixed-income and equity portfolios totaling $531 million in assets.
ICI: U.S. retirement assets increase 1.3% in quarter on DC, IRA gains
trueTotal U.S. retirement assets rose 1.3% in the quarter ended March 31 to $24.9 trillion, said the Investment Company Institute's recently released quarterly report.
Virginia Beach 457 plan sticks with Segal Rogerscasey
trueVirginia Beach (Va.) Deferred Compensation Board rehired Segal Rogerscasey as investment consultant.
Shelby County moves to Prudential for 457 plan
trueShelby County Deferred Compensation Plan hired Prudential Financial as bundled provider.
Marble Falls, Texas, taps ICMA-RC as provider for new 457 plan
trueMarble Falls, Texas, hired ICMA-RC as a bundled provider for the city’s new 457 plan.
Colorado County switches managers in 2 DC plans
trueColorado County Officials & Employees Retirement Association added the Litman Gregory Masters Alternative Strategies Fund, a multimanager hedge fund-style mutual fund, to the investment lineup of its 401(a) and 457 plans.