Corporate DC plans

Aer Lingus freezes Irish Airlines pension fund, starts new DC plan

Aer Lingus freezes Irish Airlines pension fund, starts new DC plan

Aer Lingus Group PLC’s plans to restructure its Irish Airlines (General Employees) Superannuation Scheme, which includes freezing the fund, have been approved by the Irish Pensions Authority,...

December 23, 2014 | 12:13 pm

GoDaddy.com adds Dodge & Cox to replace PIMCO fund

GoDaddy.com LLC is adding the Dodge & Cox Income Fund as an investment option in its 401(k) plan.

December 22, 2014 | 01:39 pm
401(k) loan balances remain stagnant for fifth straight year

401(k) loan balances remain stagnant for fifth straight year

The percentage of 401(k) participants with loan balances has remained steady in recent years, staying at 21% in 2013, the same level as in each year since 2009, according to a report issued Thursday...

December 18, 2014 | 04:14 pm

Kohler Co. adds Vanguard, American Beacon options to 401(k) plan

Kohler Co., Kohler, Wis., is adding three passive investment options managed by Vanguard Group and an active domestic large-cap value equity collective trust managed by...

December 17, 2014 | 01:47 pm
Lockheed reaches agreement to settle 401(k) fee case

Lockheed reaches agreement to settle 401(k) fee case

A class-action lawsuit brought by employees of Lockheed Martin Corp. alleging excessive 401(k) plan fees is in the process of being settled.

December 16, 2014 | 05:40 pm
Lockheed 401(k) lawsuit on hold to see if trial can be avoided

Lockheed 401(k) lawsuit on hold to see if trial can be avoided

Lockheed Martin Corp. and its workers and retirees agreed to delay a trial over its retirement plans by a day to see whether the dispute can be settled out of court.

December 15, 2014 | 03:37 pm

Associated British Foods DC plan drops PIMCO multiasset fund for Invesco Perpetual

ssociated British Foods DC Pension Scheme, London, is adding Invesco Perpetual’s Global Targeted Returns Fund to the lineup of its defined contribution plan. The Invesco fund...

December 10, 2014 | 01:59 pm

Brief filed in Supreme Court fiduciary-breach case; date set for Lockheed 401(k) trial

The Supreme Court should not prevent 401(k) plan fiduciaries from being sued for more expensive investment choices made years earlier, petitioners argued in a brief filed Tuesday in Tibble et al. vs. ...

December 03, 2014 | 04:00 pm

Stillwater Mining taps Prudential as 401(k) record keeper

Stillwater Mining Co. hired Prudential Retirement as record keeper of its 401(k) plans.

November 26, 2014 | 02:03 pm

AutoNation adds 3 investment options, target-date funds

AutoNation Inc., Fort Lauderdale, Fla., is adding three investment options and a new target-date fund lineup, and removing four investment options and its company stock fund in its 401(k) plan...

November 25, 2014 | 03:39 pm

BMO Harris 401(k) goes with MetWest, drops PIMCO

BMO Harris Bank is adding the MetWest Total Return Fund to its 401(k) plan.

November 24, 2014 | 03:30 pm
Supreme Court declines stock-drop case

Supreme Court declines stock-drop case

The Supreme Court on Monday declined to hear an appeal by participants in a class-action lawsuit against Cleveland-based KeyCorp and fiduciaries of the firm’s $1.5 billion 401(k) plan, alleging ...

November 18, 2014 | 03:43 pm
Supreme Court won’t review Tussey vs. ABB fiduciary breach case

Supreme Court won’t review Tussey vs. ABB fiduciary breach case

The U.S. Supreme Court on Monday declined a petition that it review Tussey et al. vs. ABB Inc. et al., a fiduciary breach case that has been closely watched by the definehttp://edit.pionline....

November 10, 2014 | 04:16 pm
Average 401(k) balance as of Sept. 30

Average 401(k) balance as of Sept. 30

The average 401(k) balance as of Sept. 30 was $89,100. That figure -- based on the 21,300 corporate defined contribution plans for which Fidelity is record keeper -- was down 2% from June 30 but up 5....

November 06, 2014 | 10:10 am

Labor Department files lawsuit against fiduciaries of Severstal Wheeling Inc.

The Labor Department filed a lawsuit against the fiduciaries of two Severstal Wheeling Inc. defined contribution plans, alleging the fiduciaries “imprudently invested” plan assets,...

November 04, 2014 | 04:14 pm