Public DC plans
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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.
Gresham, Ore., sticks with SST Benefits Consulting for 457 plan
trueGresham, Ore., rehired SST Benefits Consulting as investment consultant for its $36.2 million 457 plan.
DeKalb County issues call for consultant for 2 DC plans
trueDeKalb County, Decatur, Ga., is searching for an investment consultant for its $144 million 457 plan and its new 401(a) plan.
Gwinnett County Public Schools launches record-keeper search
trueGwinnett County Public Schools is searching for record keepers for its $496 million 403(b) plan and $70 million 457 plan.
Sacramento wants provider for DC plans
trueSacramento, Calif., is searching for a bundled provider for its 401(a), 457, Roth IRA and Retirement Health Savings plans.
Central Arkansas Water plumbs for investment consultant
trueCentral Arkansas Water is searching for an investment consultant for its 401(a) and 457 plans.
GFOR: NEST uses behavioral economics to enroll members into retirement plan
trueNational Employment Savings Trust Corp. uses behavioral economics to enroll members in its defined contribution plan — and keep them enrolled.
Lakeland, Fla., adds Vanguard REIT funds to 2 DC plan lineups
trueLakeland, Fla., added a real estate investment trust fund managed by Vanguard Group to the investment lineup of its 401(a) and 457 plans.
Mission, Texas, school district calls for third-party administrator
trueMission Consolidated Independent School District, Mission, Texas, is searching for a third-party administrator for its 403(b) and 457 plans.