Corporate DC plans

Ocean Shore Holding switches to Newport Group for 401(k) plan

Ocean Shore Holding Co., Ocean City, N.J., hired The Newport Group as record keeper of its 401(k) plan.

June 30, 2014 | 01:49 pm

U.S. corporate DB, DC assets pass $8 trillion mark

U.S. corporate defined benefit and defined contribution plans had combined assets of $8.064 trillion as of March 31, up 1.1% from three months earlier and an 8.6% increase from a year earlier,...

June 05, 2014 | 03:25 pm

8th Circuit rejects appeals requests in Tussey vs. ABB fiduciary breach case

A federal appeals court has rejected requests from a defendant and plaintiffs to rehear Tussey vs. ABB, a fiduciary breach case.

May 22, 2014 | 04:11 pm

Pharmaceutical Product Development adds stable value fund

Pharmaceutical Product Development LLC, Wilmington, N.C., is adding the Wells Fargo stable value fund as an investment option in its 401(k) plan.

May 14, 2014 | 03:16 pm

Ohio Machinery goes with Transamerica for 2 DC plans

Ohio Machinery Co., Broadview Heights, Ohio, hired Transamerica Retirement Solutions as record keeper of its two 401(k) plans.

May 14, 2014 | 11:37 am
Exelon-Pepco union could create $32 billion investment treasure chest

Exelon-Pepco union could create $32 billion investment treasure chest

Exelon Corp.'s proposed acquisition of Pepco Holdings Inc. could bring together a total of $32.4 billion in employee benefit and other investment management assets.

April 30, 2014 | 03:42 pm

Alcatel-Lucent adds BlackRock index fund to 401(k) plan

Alcatel-Lucent, Murray Hill, N.J., added an international equity index fund managed by BlackRock as an investment option in its 401(k) plan.

April 24, 2014 | 01:58 pm
Both sides in Tussey vs. ABB case file requests to appeal court ruling

Both sides in Tussey vs. ABB case file requests to appeal court ruling

Plaintiffs and a defendant have filed dueling requests to appeal a recent court ruling in the complex ERISA fiduciary-breach case Tussey vs. ABB.

April 17, 2014 | 03:30 pm
District court dismisses stock-drop lawsuit against State Street

District court dismisses stock-drop lawsuit against State Street

A federal district court judge has dismissed a stock-drop lawsuit against State Street Bank & Trust Co. in its role as an independent fiduciary for two 401(k) plans sponsored by General Motors Co.

April 16, 2014 | 03:45 pm

ABB replaces Fidelity with BofA Merrill Lynch as record keeper for 2 plans

ABB Inc. hired Bank of America Merrill Lynch as the record keeper for two 401(k) plans.

April 14, 2014 | 03:00 pm
U.K. High Court rules IBM breached pension duties

U.K. High Court rules IBM breached pension duties

International Business Machines Corp., Armonk, N.Y., breached its duties to U.K. pension fund participants in the way it implemented a restructuring of its arrangements, the High Court of Justice,...

April 08, 2014 | 12:49 pm

CarMax adds MFS, PIMCO funds and drops Harbor Capital fund

CarMax Inc. is adding the MFS International Equity Fund and PIMCO Total Return Fund as investment options in its 401(k) plan.

March 25, 2014 | 02:31 pm

Triple Canopy hires Transamerica for record keeping, administration

Triple Canopy Inc., Reston, Va., hired Transamerica Retirement Solutions for record-keeping services for the company's defined benefit plan and three 401(k) plans.

March 20, 2014 | 11:03 am
U.S. Court of Appeals splits rulings on ABB <nobr>401(k)</nobr> mismanagement, clears Fidelity

U.S. Court of Appeals splits rulings on ABB 401(k) mismanagement, clears Fidelity

A federal appeals court on Wednesday issued a split decision in a prominent 401(k) case involving claims by participants that a sponsor, ABB Ltd., Cary, N.C., and its record keeper,...

March 19, 2014 | 04:37 pm

Callan: Target-date funds' steady growth in assets continues

Target-date funds continue their steady growth, moving closer to becoming the top investment asset allocation within defined contribution plans, according to the latest quarterly analysis by Callan...

March 14, 2014 | 04:54 pm