Corporate DC plans

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

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