Corporate DC plans

Judge grants summary judgment for Intel in lawsuit over DC plan alternatives

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A federal judge in San Jose, Calif., has ruled for Intel Corp., granting summary judgment against claims by a former employee that retirement plan executives violated fiduciary duties by...
Employee sues Jackson National Life over 'high-cost' 401(k) options

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A participant in the Jackson National Life Insurance Co.'s 401(k) plan has sued the company, alleging plan executives violated ERISA by emphasizing proprietary Jackson investment products over...
Eddy winners double, triple their fun

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Eddy Awards for retirement education show humor and more use of social media to encourage participants to plan better and save more.

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Kimberly-Clark Corp. hires Fidelity Investments to administer its 401(k) & Profit Sharing Plan and its Supplemental Retirement 401(k) & Profit Sharing Plan.
DC East speakers share strategies to foster participant trust, loyalty

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Building and maintaining participants' trust and loyalty were prominent themes at the P&I's East Coast Defined Contribution Conference, with speakers offering strategies and examples of their...
Passive investment train overtakes active in corporate DC plans

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Passive investments pull ahead of active management for the first time since P&I began tracking data from the 100 biggest corporate defined contribution plans.
Allergan sued over 'artificially inflated' stock in 401(k) plans

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A participant in two 401(k) plans of Allergan PLC sued corporate and plan executives, alleging they breached their fiduciary duties because the plans continued offering “artificially...
Lufthansa to freeze pension plan for pilots, introduce new DC plan

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Lufthansa AG is introducing a new defined contribution plan for its German pilots in the middle of this year, following an agreement the airline reached Wednesday with the pilots' union.
Company stock in DC plans

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In its annual defined contribution plan survey, Callan found that 38.5% of those surveyed offer their own stock to plan participants.
Appellate court sends ABB 401(k) case back to District Court, again

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A federal appeals court in St. Louis has again remanded to a District Court an ERISA breach lawsuit filed by participants in two 401(k) plans administered by ABB Inc., Cary, N.C.
J.P. Morgan faces second suit alleging self-dealing in 401(k) plan

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A second participant in the JPMorgan Chase 401(k) Savings Plan has sued plan executives and corporate executives of J.P. Morgan Chase & Co. alleging that the plan favored parent-company investments...

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Colas Inc. is adding an active domestic midcap value equity fund managed by J.P. Morgan Asset Management to its 401(k) plan.

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Applied Industrial Technologies says in a regulatory filing it has hired Principal Financial Group as record keeper of its 401(k) plan.
Plan sponsors should beware the managed account default option

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Companies hoping to avoid being next in the headlines for the wrong reason are having to undertake a comprehensive audit of every fee charged to participants in defined contribution plans.
DC plans dominate U.K. retirement offerings as more companies freeze DB — report

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Almost 100% of new employees joining FTSE 350 companies are enrolled into a defined contribution plan, said Willis Towers Watson.