Public DC plans
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Census Bureau: Public pension fund assets inch up in fourth quarter
trueThe 100 largest U.S. public employee retirement systems had $3.337 trillion in assets as of Dec. 31, 0.2% more than the $3.3 trillion reported the previous quarter, said the U.S. Census Bureau’s Quarterly Survey of Public Pensions.
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.
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.
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.
Clackamas Fire District issues call for record keeper
trueClackamas Fire District #1 Deferred Compensation and Matching Plans is searching for a single record keeper for its 401(a) and 457 plans.
Ohio deferred compensation plan drops PIMCO for TCW Group
trueOhio Public Employees Deferred Compensation Program is adding the Ohio DC Intermediate Bond fund, managed by TCW Group, to its investment options lineup.
Washington, D.C., taps ICMA-RC as record keeper for 2 DC plans
trueWashington, D.C., hired ICMA-RC as record keeper for the district’s 457 and 401(a) plans with combined assets of $1.3 billion.
Texas school district looking for record keeper for 2 DC plans
trueAlief Independent School District, Houston, is searching for a record keeper for its 401(a) and 457 plans.
Fresno Economic commission wants consultant for DC plans
trueFresno (Calif.) Economic Opportunities Commission is searching for an investment consultant for its defined contributions plans.
L.A. County DC plans preparing proxy advisory RFP
trueLos Angeles County Deferred Compensation and Thrift Plans is preparing to launch an RFP for a proxy advisory firm later this month.
Prince William County Public Schools looking for provider for 2 DC plans
truePrince William County Public Schools is searching for a bundled provider for its $523 million 403(b) plan and $16 million 457 plan.
Denver transit revs up search for consultant
trueDenver Regional Transportation District is searching for an investment consultant for its $42 million 457 plan.
Broomfield, Colo., adds Principal fund to 401(a) plan
trueBroomfield, Colo., is adding the Principal High-Yield Fund to the investment lineup of its $48 million 401(a) general employees money purchase plan.
Michigan State University makes changes to DC plans' investment options
trueMichigan State University added two investment options and removed an existing option from the lineups of its defined contribution plans.
Connecticut enlists helps for study to create private-sector retirement program
trueConnecticut Retirement Security Board hired Mercer and Oliver Wyman to design a retirement program, conduct a financial feasibility study and provide general consulting services, and selected Boston College’s Center for Retirement Research to conduct a market analysis.