Corporate DC plans

T-Mobile-Sprint merger would combine more than $6 billion in retirement assets

Retirement Plans

Retirement Plans

Sprint and T-Mobile announced plans to merge, which would create a company with more than $6 billion in retirement plan assets.
DC participants sue Principal Financial Group units over target-date funds

Courts

Courts

Participants in two defined contribution plans sued several Principal Financial Group units, alleging fiduciary violations.
Kroger to increase company match for DC plan

Defined Contribution

Defined Contribution

The Kroger Co. said it would raise its defined contribution corporate match to 5% of annual pay from 4%.
DC participants sue Home Depot, 2 advice providers over alleged fiduciary breaches

Courts

Courts

Two participants sued Home Depot's 401(k) plan executives alleging excessive fees and poor-performing investments represented a fiduciary breach.

Searches and Hires

Searches and Hires

Panhandle Oil and Gas Inc. hired Principal Financial Group as record keeper for its employee stock ownership and 401(k) plan.
Anglian Water freezes pension plan, introduces new DC offering

Defined Contribution

Defined Contribution

Anglian Water froze its defined benefit plan and launched a new, improved defined contribution plan.
Gannett 401(k) participant sues over stock holdings in former parent company

Courts

Courts

A participant in Gannett's 401(k) plan sued the company for allegedly violating fiduciary duties for holding too much stock in the former parent company.
Judge dismisses lawsuit against Aon Hewitt alleging kickbacks to Financial Engines

Courts

Courts

A judge dismissed a claim by a Caterpillar 401(k) participant that Aon Hewitt violated its fiduciary duties in subcontracting a service to Financial Engines.
Fidelity maintains volume; Vanguard is top banana
Fidelity Investments remains the second-largest target-date fund provider, despite experiencing a total of $20 billion in outflows between the start of 2012 and the end of February.
Lawsuit dismissed against Morningstar, Prudential over alleged RICO violations in 401(k) plan

COURTS

COURTS

A suit alleging Morningstar and Prudential Financial units violated RICO with an investment service for plan members has been dismissed.
P&I announces 2018 Eddy Award winners

ONLINE

ONLINE

Forty-two defined contribution communications campaigns are honored for their efforts to educate and motivate participants.