Corporate DC plans
Participants in a Delta Air Lines Inc. 401(k) plan have sued plan and corporate executives alleging violation of fiduciary duties by offering a plan lineup with unnecessarily high fees for investments.
December 22, 2016 | 03:52 pm
Irvine, Calif., is searching for an investment consultant for its two deferred compensation plans, said an RFP on procurement website PlanetBids.
December 21, 2016 | 04:25 pm
The Starwood hotel chain is the most recent target in litigation alleging excessive 401(k) fees, with former employees claiming that high investment management and record-keeping costs caused...
December 21, 2016 | 03:51 pm
The 9th U.S. Circuit Court of Appeals in San Francisco on Friday ordered a U.S. District Court to rehear the Tibble vs. Edison International excessive 401(k) fee case, which centered on the choice of ...
December 16, 2016 | 05:44 pm
Global, multinational corporations are looking closely at their European retirement plans, and increasingly are taking advantage of opportunities to consolidate them.
December 12, 2016
The U.S. Supreme Court has declined to hear an appeal by participants in two Citigroup Inc. 401(k) plans that plan executives breached their fiduciary duties by failing to place limits on investments ...
December 06, 2016 | 03:43 pm
The British Broadcasting Corp., London, is searching for a defined contribution provider.
December 01, 2016 | 01:48 pm
Becton, Dickinson and Co., Franklin Lakes, N.J., hired Fidelity Investments as record keeper of its new 401(k) plan.
November 30, 2016 | 12:24 pm
A former Exxon Mobil Corp. employee filed a lawsuit against the energy company alleging it breached its fiduciary duties by continuing to offer its company stock fund as an investment option in the...
November 29, 2016 | 03:25 pm
The defined contribution plans sponsored by companies bearing the name of President-elect Donald J. Trump are outliers from the norm when it comes to their largest allocations.
November 28, 2016
Participants in a FMC Corp. defined contribution plan have filed a lawsuit against plan executives and corporate executives alleging a breach of fiduciary duty in the plan offering the Sequoia Fund,...
November 23, 2016 | 02:53 pm
Regions Financial Corp. 401(k) Plan, Birmingham, Ala., hired MassMutual Financial Group as record keeper.
November 23, 2016 | 11:55 am
The Nokia Solutions and Networks Savings plan will merge into the Alcatel-Lucent Savings/401(k) plan, effective Jan 1.
November 18, 2016 | 04:03 pm
JetBlue Airways Corp., New York, signed a letter of intent to hire Empower Retirement as the record keeper of its 401(k) plan.