Union DC plans
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IAM National Pension Fund hires New York Life, revamps 401(k) plan
trueIAM National Pension Fund, Washington, hired New York Life Retirement Plan Services as the record keeper of its $301 million 401(k) plan.
Boeing union workers trade DB pension for employment promise
trueBoeing Co. gained a decade of labor peace after its largest union voted to accept contract concessions — including moving to a defined contribution plan — in exchange for a promise to base production of the new 777X jet and three other models at the company's Seattle hub.
Plan execs, managers stick with stable value
trueDefined contribution plan executives — and their managers — are holding firm on stable value investment options, despite the concern of higher interest rates based on recently rising Treasury yields.
Western States Insulators & Allied Workers goes with MassMutual - Pensions & Investments
trueWestern States Insulators & Allied Workers Individual Account Plan hired Massachusetts Mutual Life Insurance to provide record keeping and educational services.
Pro boxers' plan rings bell on investment provider search
trueCalifornia Professional Boxers' Pension Plan is searching for an investment services provider for its $5.2 million defined contribution plan.
NBA to create annuity plan for players
trueNational Basketball Association players, who were paid an average of about $5 million last season, will be required for the first time to save money for retirement.
Corporate retirement assets rise in Q1, but DB equity holdings drop
trueU.S. corporate defined benefit and defined contribution plans had combined assets of $6.54 trillion as of March 31, up 7.7% from the previous quarter.
Colorado County Officials & Employees swaps 2 options for DC plans
trueColorado County Officials & Employees Retirement Association, Littleton, chose the American Funds EuroPacific Growth Fund and MainStay Floating Rate Fund as investment options for its 401(a) money purchase plan and 457 deferred compensation plan.
Union 401(k) hires MassMutual as bundled service provider
trueLabor Unions 401(k) Plan, San Diego, hired MassMutual as bundled service provider for the $23 million plan.