Corporate DC plans

Schroders: DC plans in U.K. boosting alternatives, analysis shows

The average defined contribution plan for a U.K. FTSE 350 company has significantly increased its exposure to alternative asset classes at the expense of developed market equities.

June 01, 2015 | 01:44 pm
Aon Hewitt: DC participants misusing target-date, target-risk funds

Aon Hewitt: DC participants misusing target-date, target-risk funds

Target-date and target-risk funds are being misused by defined contribution plan participants “who may be unaware of the funds' intended purpose” or who might be “uncomfortable with ...

May 28, 2015 | 03:56 pm
Supreme Court rules against Edison in 401(k) fiduciary breach case

Supreme Court rules against Edison in 401(k) fiduciary breach case

The U.S. Supreme Court on Monday broadened the responsibility of defined contribution plans, saying they have a “continuing duty to monitor trust investments and remove imprudent ones”...

May 18, 2015 | 01:08 pm

BofA: More participants contributing to 401(k) plans; auto enrollment, escalation on the rise

More than 1.5 million participants contributed to 401(k) accounts last year, an increase of 18% over the contributions by participants in 2013, said a report by Bank of America Merrill Lynch based on ...

May 13, 2015 | 03:20 pm
Verizon deal for AOL would add more than $600 million in DC plan assets

Verizon deal for AOL would add more than $600 million in DC plan assets

Verizon Communications Inc., New York, announced Tuesday it plans to purchase AOL Inc., New York, for about $4.4 billion in a deal that would add more than $600 million in assets to the...

May 12, 2015 | 12:27 pm

Northern Trust: DC participants favor higher auto-escalation rates

Defined contribution plan participants are more willing to accept aggressive auto-escalation policies than sponsors are willing to provide, according to a report from Northern Trust, published Monday.

May 11, 2015 | 04:28 pm

Gannett goes with Vanguard as new 401(k) record keeper

Gannett Co., McLean, Va., hired Vanguard Group as record keeper of its 401(k) plan.

May 11, 2015 | 01:48 pm
DC plans with company stock slow to adopt changes following high court ruling

DC plans with company stock slow to adopt changes following high court ruling

Eleven percent of employers offering company stock in their defined contribution plans have hired independent fiduciaries to monitor the investment option since a Supreme Court ruling in June on...

May 05, 2015 | 03:36 pm

Dow Corning switches to Vanguard as record keeper of 401(k) plan

Dow Corning Corp. hired Vanguard Group to replace T. Rowe Price as record keeper of its Employees' Capital Accumulation 401(k) plan.

April 23, 2015 | 01:43 pm

Sonepar USA replaces Prudential with Schwab as 401(k) record keeper

Sonepar USA hired Schwab Retirement Plan Services as record keeper for its 401(k) plan.

April 15, 2015 | 04:04 pm

Salt River Materials Group adds 2 bond funds to 401(k) plan, removes PIMCO

Salt River Materials Group, Scottsdale, Ariz., is adding the Metropolitan West Total Return Bond Fund and the Vanguard Total Bond Market Index Fund to the investment options lineup in its 401(k) plan.

April 14, 2015 | 04:16 pm
Royal Dutch Shell’s deal for BG Group to add $2 billion in retirement assets

Royal Dutch Shell’s deal for BG Group to add $2 billion in retirement assets

Royal Dutch Shell PLC’s proposed deal for BG Group PLC will create an entity with retirement assets of nearly $100 billion.

April 08, 2015 | 03:40 pm

WSP Parsons Brinckerhoff selects Mercer to provide actuarial services for 7 plans

WSP Parsons Brinckerhoff, London, hired Mercer to provide actuarial services to its seven U.K. retirement plans.

April 01, 2015 | 04:03 pm

Ameriprise to launch record-keeper, consultant searches as part of 401(k) plan settlement

Ameriprise Financial Inc. will issue RFPs for a record keeper and investment consultant for its 401(k) plan as part of a settlement reached Thursday with participants in the plan.

March 26, 2015 | 03:54 pm

Cequel III Management replaces 2 fund options in 401(k) plan

Cequel III Management Co., St. Louis, is adding two new investment options to its 401(k) plan.

March 23, 2015 | 02:07 pm