Public DC plans

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  1. Plano, Texas, seeks provider for 457 plan

    truePlano, Texas, is searching for a bundled provider for its $86 million 457 plan.

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  1. Gresham, Ore., scouting for consultant for 457 plan

    trueGresham, Ore., is searching for an investment consultant for its $36.2 million 457 plan.

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  2. Livonia, Mich., seeks consultant for 2 DC plans

    trueLivonia, Mich., is searching for a consultant for its $56 million 401(a) plan and $60 million 457 plan.

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  3. San Francisco Deferred Comp chooses Vanguard small-cap fund

    trueSan Francisco Deferred Compensation Plan added the Vanguard Small-Cap Value Index Fund to its investment options lineup.

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  4. University of Massachusetts casts net for record keeper

    trueUniversity of Massachusetts System is searching for a record keeper for its defined contribution plans.

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  5. L.A. County Deferred Comp selects 2 small-cap growth equity managers

    trueLos Angeles County Deferred Compensation and Thrift Plans hired Elk Creek Partners and Rice Hall James & Associates to manage $80 million each in small-cap growth equity separate accounts.

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  6. U.K.'s NEST taps Legal & General for short-term gilt allocation

    trueNational Employment Savings Trust hired Legal & General Investment Management to run single-year maturity gilt allocations.

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  7. NAGDCA: Public DC participant assets up, target-date funds gain more default option traction

    trueThe average account balance for participants in public defined contribution plans rose to $59,000 last year, up 11% from 2013, according to the latest annual survey by the National Association of Government Defined Contribution Administrators.

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  8. University of California adds 3 DC fund options, drops 48 for simplification

    trueThe University of California system, Oakland, is adding three core fund options and dropping 48 investments from its lineup for three defined contribution plans as part of a continuing effort to simplify choices for participants.

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  9. Virginia Beach digs for 457 plan investment consultant

    trueVirginia Beach (Va.) Deferred Compensation Board is searching for an investment consultant for its $256 million 457 plan.

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  10. Southern California water district taps TIAA-CREF as record keeper

    trueMetropolitan Water District of Southern California hired TIAA-CREF as record keeper for its $343 million 401(k) plan and $110 million 457(b) plan.

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  11. Kansas Public Employees swaps midcap growth funds in 457 plan

    trueKansas Public Employees Retirement System is adding the Vanguard Mid-Cap Growth Fund to the lineup of its $943 million 457 plan.

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  12. North East Independent School District taps TIAA-CREF for DC plans

    trueNorth East Independent School District, San Antonio, hired TIAA-CREF as third-party administrator for its 401(a) and 457 plans.

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  13. New Hampshire 457 plan scouting for provider

    trueNew Hampshire Public Employees Deferred Compensation Plan is searching for a bundled provider for the $277 million 457 plan.

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