Corporate DC plans

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

Granite Services International adds BlackRock option to replace PIMCO Total Return

Granite Services International Inc. is adding the BlackRock Core Bond Fund as an investment option in its 401(k) plan.

November 04, 2014 | 03:44 pm

Parsons Corp. picks Dodge & Cox to replace PIMCO fund in 401(k) plan

Parsons Corp. is adding the Dodge & Cox Income Fund to the investment lineup of its 401(k) plan.

November 04, 2014 | 02:04 pm

Dillard’s adds ClearBridge fund to DC plan lineup

Dillard’s Inc. added ClearBridge Investments’ small-cap growth fund to the investment lineup of its 401(a) plan.

October 31, 2014 | 02:07 pm

Randstad North America changes 3 investment options in DC lineup

Randstad North America made several changes to the lineup of its retirement savings plan.

October 31, 2014 | 01:53 pm

Crain Communications hires consultant to assist in invitation-only record-keeper search

Crain Communications Inc. hired Institutional Investment Consulting as a special project consultant to conduct an invitation-only search for a record keeper for its $100 million...

October 30, 2014 | 04:06 pm
Precision, flexibility vital for DC plans, say speakers at P&I conference

Precision, flexibility vital for DC plans, say speakers at P&I conference

Defined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions &...

October 29, 2014 | 01:24 pm

Exelis hires Voya in move to consolidate 401(k) plans

Exelis Inc. hired Voya Retirement Services as sole record keeper of its 401(k) plan.

October 29, 2014 | 10:54 am
White-label funds on rise for DC plans

White-label funds on rise for DC plans

Defined contribution plan executives increasingly are replacing brand-name mutual funds with no-name options, trying to simplify investment lineups, increase portfolio diversity and reduce fees.

October 27, 2014
 American Airlines picks Fidelity as sole provider for 401(k) plans

American Airlines picks Fidelity as sole provider for 401(k) plans

American Airlines Fidelity Investments as sole provider for its 401(k) plans, starting in mid-2015.

October 27, 2014 | 01:12 pm