Corporate DC plans
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 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 Co., Broadview Heights, Ohio, hired Transamerica Retirement Solutions as record keeper of its two 401(k) plans.
May 14, 2014 | 11:37 am
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, 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
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
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 Inc. hired Bank of America Merrill Lynch as the record keeper for two 401(k) plans.
April 14, 2014 | 03:00 pm
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 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 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
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
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
Participants in two Novant Health Inc. 401(k) plans filed a class-action lawsuit Wednesday against company fiduciaries, alleging excessive fees paid to third-party service providers, imprudent...
March 12, 2014 | 03:55 pm
Success in achieving defined contribution plan goals can rely as much on how plan executives and service providers communicate as to what investment options they offer, plan designs they prepare, and ...