Target date funds
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American Century cuts Livestrong name from target-date funds
American Century Investments will change the name of its Livestrong Portfolios target-date funds suite.
Plexus Corp. adds new asset classes to 401(k) lineup
Plexus Corp., Neenah, Wis., revamped the investment lineup for its $202 million 401(k) plan.
SEC advisory group pushes for enhanced target-date fund rules
The SEC should revisit its proposed rule on target-date funds, the agency's investor advisory committee recommended at its meeting Thursday.
Chevron adds Vanguard target-date trusts, new options to lineup
Chevron Corp., San Ramon, Calif., added a series of 11 Vanguard target-date trusts to the investment lineup of its $16.1 billion Employee Savings Investment Plan.
Hewitt EnnisKnupp readies target-risk funds
Hewitt EnnisKnupp plans to launch a very small family of new target-risk funds in the “imminent” future.
Callan: Target-date funds to gain lion's share of DC plan allocations
Target-date funds could claim the largest share of defined contribution plan asset allocations within the next five years based on the funds' current growth rate, said Lori Lucas, executive vice president and defined contribution practice leader at Callan Associates.
Atlanta issues RFP for record keeper
Atlanta is searching for a record keeper for its two defined contribution plans, according to an RFP posted on the city's website.
Sodexo chooses SSgA target-date family as default option in 401(k) plan
Sodexo Inc., Gaithersburg, Md., added a State Street Global Advisors target-date fund family as investment options in its 401(k) plan.
Russell develops individually tailored target-date strategy
Russell Investments on Tuesday unveiled Russell Adaptive Retirement Accounts, individually tailored target-date investment options for institutional defined contribution plans.
Target-date fund assets rise 29% in 2012 to record $485 billion
Target-date fund assets totaled $485 billion as of Dec. 31, an all-time high, according to the latest quarterly report by Ibbotson Associates, a unit of Morningstar.
Target-date fund growth likely to continue
Defined contribution assets invested in target-date strategies climbed nearly 29% to $96.5 billion in the 12 months ended Sept. 30, according to the Pensions & Investments' annual survey of the largest retirement plans.
Office Depot adds T. Rowe Price's target-date series as QDIA
Office Depot Inc. is adding the T. Rowe Price Retirement Target-Date series as its new qualified default investment alternative in its 401(k) plan.
TASC 401(k) changes target-date fund provider
TASC Inc. Savings Plan is switching its target-date fund lineup for its 401(k) plan to ING Solution Portfolios, managed by ING U.S Retirement Solutions, from BlackRock LifePath funds.
Ohio Public Employees commits to long/short equity fund
Ohio Public Employees Retirement System committed $100 million to Tiger Consumer Partners, a long/short equity fund.
Indiana Deferred Compensation Committee taps 5 for target-date funds
Indiana Deferred Compensation Committee, Indianapolis, hired Vanguard Group, Putnam Investments, Neuberger Berman Group, Osterweis Capital Management and Wellington Management to help manage target-date funds in its combined $874 million Indiana Public Employees Deferred Compensation 457/401(a) ...