Corporate DC plans

Judges throw out Target, Arch Coal stock-drop lawsuits

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Federal district judges in St. Louis and Minneapolis have dismissed stock-drop lawsuits against Arch Coal Inc. and Target Corp.
DC plans registering hikes in use of auto features, contributions, report finds

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Use of auto-escalation and auto-enrollment increased over 2015, a Bank of America Merrill Lynch report finds.

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Benesch, Friedlander, Coplan & Aronoff LLP hired Fidelity as record keeper of its 401(k) plan.
Executives urged not to delay use of best practices

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A new DCIIA report urges plan sponsors to step up efforts to enhance employees' retirement security.
Independent News & Media to contribute additional €50 million to DC plan

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Independent News & Media will contribute additional €50 million to its defined contribution plan by 2023.
Lawsuit charges fiduciary breach over Sears stock option in DC plan

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A lawsuit filed against Sears claims the company breached its fiduciary duties by continuing to offer company stock in a DC plan.
Aon eliminates company stock fund from 401(k) plan

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Aon PLC dropped its company stock fund from the investment lineup of the 401(k) plan for its U.S. employees.
American Express starts auto enrollment in 401(k) for new employees

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American Express Co. has initiated automatic enrollment for new employees in its 401(k) plan.
American Airlines 401(k) participants reach tentative $22 million settlement

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Participants in the American Airlines Inc. 401(k) Plan have reached a tentative $22 million settlement in a fiduciary breach lawsuit.
Goldman Sachs drops 7 proprietary options from 401(k) investment lineup

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Goldman Sachs has removed seven proprietary investments from the Goldman Sachs 401 (k) Plan.
DC contributions inch higher in 2016

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Plan sponsors and participants contributed $61 billion to defined contribution plans in 2016, according to data collected by Pensions & Investments' Research Center.
BMW workers accept deal to freeze 2 pension funds, move to DC plan

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BMW's union workers accepted an offer that will see the company's two U.K. pension plans closed and participants moved into a defined contribution plan.
Keeping it simple is key lesson for encouraging retirement savings, experts say

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Making retirement readiness and financial literacy information simple is hard.
Retirement becoming a whole new game

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American workers, employers and the government are going to have to get used to a new definition of retirement and retirement plans.

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South State Bank, Columbia, S.C., hired Fidelity Investments as service provider for its 401(k) plan.