Corporate DC plans

Delta Air Lines sued over alleged high fees in 401(k) plan

Delta Air Lines sued over alleged high fees in 401(k) plan

Participants in a Delta Air Lines Inc. 401(k) plan have sued plan and corporate executives alleging violation of fiduciary duties by offering a plan lineup with unnecessarily high fees for investments.

December 22, 2016 | 03:52 pm

Irvine, Calif., looking for consultant for 2 deferred compensation plans

Irvine, Calif., is searching for an investment consultant for its two deferred compensation plans, said an RFP on procurement website PlanetBids.

December 21, 2016 | 04:25 pm
Starwood Hotels targeted in 401(k) fee lawsuit alleging $29 million in damages

Starwood Hotels targeted in 401(k) fee lawsuit alleging $29 million in damages

The Starwood hotel chain is the most recent target in litigation alleging excessive 401(k) fees, with former employees claiming that high investment management and record-keeping costs caused...

December 21, 2016 | 03:51 pm
Appeals court sends Tibble vs. Edison back to District Court to be reheard

Appeals court sends Tibble vs. Edison back to District Court to be reheard

The 9th U.S. Circuit Court of Appeals in San Francisco on Friday ordered a U.S. District Court to rehear the Tibble vs. Edison International excessive 401(k) fee case, which centered on the choice of ...

December 16, 2016 | 05:44 pm
Corporate fund consolidation on rise in Europe

Corporate fund consolidation on rise in Europe

Global, multinational corporations are looking closely at their European retirement plans, and increasingly are taking advantage of opportunities to consolidate them.

December 12, 2016

Citigroup 401(k) stock-drop case won't be heard by high court

The U.S. Supreme Court has declined to hear an appeal by participants in two Citigroup Inc. 401(k) plans that plan executives breached their fiduciary duties by failing to place limits on investments ...

December 06, 2016 | 03:43 pm

BBC surfing for defined contribution provider

The British Broadcasting Corp., London, is searching for a defined contribution provider.

December 01, 2016 | 01:48 pm

Becton, Dickinson & Co. taps Fidelity as record keeper for merged 401(k) plan

Becton, Dickinson and Co., Franklin Lakes, N.J., hired Fidelity Investments as record keeper of its new 401(k) plan.

November 30, 2016 | 12:24 pm
Exxon Mobil sued in alleged stock-drop case

Exxon Mobil sued in alleged stock-drop case

A former Exxon Mobil Corp. employee filed a lawsuit against the energy company alleging it breached its fiduciary duties by continuing to offer its company stock fund as an investment option in the...

November 29, 2016 | 03:25 pm
Trump company 401(k)s follow namesake's maverick ways

Trump company 401(k)s follow namesake's maverick ways

The defined contribution plans sponsored by companies bearing the name of President-elect Donald J. Trump are outliers from the norm when it comes to their largest allocations.

November 28, 2016
FMC Corp. sued over DC plan investment in Sequoia Fund

FMC Corp. sued over DC plan investment in Sequoia Fund

Participants in a FMC Corp. defined contribution plan have filed a lawsuit against plan executives and corporate executives alleging a breach of fiduciary duty in the plan offering the Sequoia Fund,...

November 23, 2016 | 02:53 pm

Regions Financial taps MassMutual as new 401(k) plan record keeper

Regions Financial Corp. 401(k) Plan, Birmingham, Ala., hired MassMutual Financial Group as record keeper.

November 23, 2016 | 11:55 am
Nokia to merge its 401(k) plan into Alcatel-Lucent's offering

Nokia to merge its 401(k) plan into Alcatel-Lucent's offering

The Nokia Solutions and Networks Savings plan will merge into the Alcatel-Lucent Savings/401(k) plan, effective Jan 1.

November 18, 2016 | 04:03 pm

JetBlue Airways taps Empower Retirement as new record keeper

JetBlue Airways Corp., New York, signed a letter of intent to hire Empower Retirement as the record keeper of its 401(k) plan.

November 18, 2016 | 01:11 pm