Corporate DC plans

U.K. government to study DC contribution rates, expanding auto enrollment

U.K. government to study DC contribution rates, expanding auto enrollment

The U.K. government will look at the contribution rates in corporate defined contribution plans and at how to include self-employed people in the retirement market as part of the its upcoming...

February 01, 2017 | 03:10 pm
Aon Hewitt sued over fee-sharing practices in Caterpillar 401(k) plan

Aon Hewitt sued over fee-sharing practices in Caterpillar 401(k) plan

Aon Hewitt has been sued by a participant in a Caterpillar Inc. 401(k) plan for its role as the plan’s service provider and record keeper, alleging Aon Hewitt breached its fiduciary duties...

January 31, 2017 | 04:05 pm
J.P. Morgan sued for self-dealing in its 401(k) plan

J.P. Morgan sued for self-dealing in its 401(k) plan

J.P. Morgan Chase has been sued by a participant in its 401(k) plan for allegedly causing employees to pay millions of dollars in excessive fees through a scheme motivated by “self-interest....

January 27, 2017 | 10:24 am

Italian DC plan seeks managers to run about $4 billion

Fondo Pensione a Contribuzione Definita del Gruppo Intesa Sanpaolo, Milan, Italy, is searching for money managers to run about €3.7 billion ($4 billion) in assets across a number of allocations.

January 23, 2017 | 04:27 pm
More multinationals have global retirement policy

More multinationals have global retirement policy

Benefits executives at multinational corporations are seeking more centralized coordination of defined contribution plans due to DC's growing role in corporate retirement policies. a survey says.

January 23, 2017
When judging retirement plans, outcomes matter most

When judging retirement plans, outcomes matter most

An effective retirement plan should provide options that allow workers to build savings, adjust the mix of risk and safety as they age and turn accumulated savings into lifelong income in retirement.

January 18, 2017 | 06:00 am
DOL releases 2nd guidance on fiduciary rule

DOL releases 2nd guidance on fiduciary rule

The Department of Labor issued guidance on how its fiduciary rule will apply to investment advice provided to participants in 401(k) plans and people who have IRAs, and other retirement savings...

January 18, 2017 | 02:49 pm

Engility chooses PGIM for stable value fund option in 401(k) plan

Engility Corp., Chantilly, Va., has added the Prudential Guaranteed Income Fund as an investment option in its 401(k) plan.

January 18, 2017 | 02:05 pm
Pew survey: Small employers open to retirement savings ideas

Pew survey: Small employers open to retirement savings ideas

Smaller-business employers support offering retirement benefits themselves and policy initiatives to increase private-sector workers’ savings, according to a national survey released Wednesday...

January 12, 2017 | 03:46 pm

Turner Industries taps Vanguard as record keeper for 401(k) plan

Turner Industries Group hired Vanguard Group as record keeper of its 401(k) plan.

January 10, 2017 | 03:42 pm
J.C. Penney agrees to pay $4.5 million to settle stock-drop suit

J.C. Penney agrees to pay $4.5 million to settle stock-drop suit

J.C. Penney is poised to pay $4.5 million to settle allegations over company stock in the firm's 401(k) plan, following a District Court's preliminary OK of the settlement.

January 06, 2017 | 03:06 pm

Airbus DS Communications selects consultant for 401(k) plan

Airbus DS Communications hires The Palancar Group as investment consultant for its $40 million 401(k) plan.

January 05, 2017 | 11:28 am
DC participants sue Essentia Health over alleged excessive record-keeping fees

DC participants sue Essentia Health over alleged excessive record-keeping fees

Essentia Health has been sued by participants in its $1.1 billion 401(k) and $98.3 million 403(b) plans of charging excessive record-keeping fees.

January 04, 2017 | 04:13 pm
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