Corporate DC plans

PLSA conference panelists discuss challenges with U.K.'s auto-enroll program

Defined Contribution -

Defined Contribution -

A panel of speakers that advised the U.K. Government during its current automatic-enrollment review warned the process will face more obstacles.

Searches and Hires -

Searches and Hires -

The Ontario superintendent of financial services hired Morneau Shepell to assume administration of the Sears Canada pension plan.
Phillips 66 401(k) plan officials sued over keeping ConocoPhillips stock

Courts -

Courts -

Phillips 66 401(k) plan participants sued saying plan officials breached their fiduciary duty by keeping $1 billion in ConocoPhillips stock.
7 honored for defined contribution excellence, innovation

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DEFINED CONTRIBUTION -

The 2017 Excellence & Innovation Awards demonstrate diversity of style and substance but with common goals.
Program puts health care on same level as financial goals

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DEFINED CONTRIBUTION -

Cliff York has assembled a financial wellness program at BP that links financial and health-care wellness.
Being direct with staff to increase participation

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

Kathleen Long made sure she was at every employee session to explain design changes to the plan.
Movement Mortgage takes steps to help employees shed debt

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

Movement Mortgage's Aimee Dodson says helping employees get out of debt can lead to better outcomes in retirement savings.
Bloomberg becomes first U.S. corporate plan sponsor to sign Principles for Responsible Investment

ESG -

ESG -

Bloomberg announced Thursday it had joined the Principles for Responsible Investment in its capacity as a retirement plan sponsor.
Prudential wins appeal of 401(k) fee lawsuit

COURTS -

COURTS -

Prudential Financial Inc. has again won a lawsuit alleging it breached its fiduciary duties by receiving revenue-sharing payments.

Searches and Hires -

Searches and Hires -

Chevron Corp. hired Fidelity Investments as record keeper of its 401(k) plan.

SEARCHES AND HIRES -

SEARCHES AND HIRES -

RCN Telecom Services LLC hired Lincoln Financial Group as record keeper of its 401(k) plan.
7 honored with Excellence and Innovation Awards from P&I

Defined Contribution -

Defined Contribution -

Seven winners were announced Monday for Excellence and Innovation Awards at P&I West Coast Defined Contribution conference.
Corporate DC matching 'penalizes the poor,' keynote speaker says

Defined Contribution -

Defined Contribution -

Meir Statman told conference attendees that DC plan sponsors should make corporate contributions "unconditional on employee contributions."

Searched and Hires -

Searched and Hires -

Torchmark Corp. hired Empower Retirement as record keeper of its 401(k) plan.

SEARCHES AND HIRES -

SEARCHES AND HIRES -

Bettcher Industries Inc. hired Principal Financial Group as record keeper of its 401(k) plan.