Connecticut seeks stable value, target-date managers
By Douglas Appell November 16, 2009The state of Connecticut issued RFPs for an investment manager to run a $1.1 billion stable value fund for the state’s 457 and 403(b) plans and its Alternate Retirement Program, and an...
MassMutual forges deal with Ironworkers district
By Timothy Inklebarger November 16, 2009Ironworkers District Council of Southern Ohio & Vicinity Annuity Trust, Vandalia, Ohio, hired MassMutual Retirement Services as bundled service provider of its $243 million Taft-Hartley...
Record keepers hit by revenue decline
By Doug Halonen November 16, 2009Record-keeping revenue for defined contribution plans took a major hit during 2008, plummeting about 30%, according to a survey by NEPC.
Defined contribution plans going under the microscope
By Randy Diamond November 16, 2009Defined contribution plans will be the subject of intense scrutiny and proposed federal regulations over the coming months.
Wal-Mart a smart shopper for target-date funds
By Nancy K. Webman November 16, 2009Wal-Mart Stores introduced custom target-date funds to its more than 1 million 401(k) participants, following an unusual selection process.
Report: Target-date to explode by 2018
By Barry B. Burr November 16, 2009Total assets in target-date retirement funds will grow to $2.6 trillion by 2018, attracting 80% of new and reallocated flows into defined contribution plans for the next decade, according to Casey, Quirk & Associates.
Pitney Bowes to freeze 2 DB plans in 2014
By Douglas Appell November 12, 2009Pitney Bowes Inc., Stamford, Conn., will freeze two defined benefit plans at the end of 2014, according to an SEC filing today.The Pitney Bowes Pension Restoration Plan and the Pitney Bowes Inc....
Putnam's Reynolds lays out plans for a 21st Century retirement system
November 12, 2009Robert L. Reynolds, president and CEO of Putnam Investments, tells attendees to P&I's West Coast Defined Contribution conference his plans to remake the nation's retirement savings structure.
Wal-Mart searched far and wide for its target-date funds
By Nancy K. Webman November 10, 2009Wal-Mart Stores Inc. introduced custom target-date funds to its more than 1 million 401(k) participants, following an unusual selection process.
Smaller players foundering in target-date market
By Jessica Toonkel Marquez November 9, 2009There have been more than double the number of target-date fund liquidations this year than there were in all of 2008, indicating how difficult it is for money managers unaffiliated with 401(k) record keepers to build assets in such funds.
Prudential makes grade with Evonik Degussa plans
By Timothy Inklebarger November 9, 2009Evonik Degussa Corp., Newark, N.J., hired Prudential Retirement as manager and administrator of its defined benefit, defined contribution and non-qualified retirement plans, confirmed Evonik...
Jacksonville picks provider for 2 DC plans
By Rob Kozlowski November 4, 2009City of Jacksonville (Fla.) hired Great-West Retirement Services as bundled provider for its $141 million 457 plan and new 401(a) plan, according to a news release from Great-West.Calls to ...
Delaplane: It'll be regulation, not legislation
November 3, 2009The main message for plan sponsors from James M. Delaplane Jr.'s keynote address that kicked off Pensions & Investments' 12th annual West Coast Defined Contribution Conference was simple: it's going to be about regulation, not legislation.
CIT to keep its cash balance, 401(k) plans
By Doug Halonen November 3, 2009CIT Group Inc., Livingston, N.J., plans to maintain its cash balance and 401(k) plans as it reorganizes under Chapter 11 bankruptcy protection, according to documents filed with the U.S. Bankruptcy...
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