Corporate DC plans

AT&T's acquisition of Time Warner would combine $94 billion in retirement assets

Retirement Plans

Retirement Plans

AT&T's acquisition of Time Warner would potentially create a combined company with about $94 billion in retirement plan assets.
Corporate and public DB assets increase, while DC falls in first quarter

Retirement Funds

Retirement Funds

Corporate defined benefit plan assets rose by $9 billion in the quarter ended March 31, to $3.212 trillion, a 0.28% increase.
Individual retirement plans not enough, experts say

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

Individual savings programs are not enough to ensure a strong workplace DC system in Europe, experts say.
Vanguard cutting 12 investment options from 401(k) lineup for its own employees

Defined Contribution

Defined Contribution

Vanguard Group is dropping 12 investment choices from its 401(k) plan for employees, nearly halving the number of investment options.
Younger workers less likely to use employer DC plans
New data from Vanguard Group show that younger employees are less likely to use their employer-sponsored defined contribution plan than their predecessors or their older co-workers.
DC participants continue to take hands-off approach
Only about 9.3% of the 30 million defined contribution participants in the Investment Company Institute's Plan Participants' Activities study changed their allocations in 2017.
DC participant sues Invesco for stuffing 401(k) lineup with proprietary funds

Courts

Courts

A participant in the Invesco 401(k) Plan sued the company, alleging ERISA violations for offering an overwhelming majority of Invesco's products.
Most Irish companies replaced frozen or closed DB plans with DC plans, IAPF survey finds

Retirement Plans

Retirement Plans

Most Ireland-based plan sponsors opted to replace frozen or closed defined benefit funds with defined contribution plans.
Mondelez ceases contributions to multiemployer plan, shifts union workers to DC

Defined Contribution

Defined Contribution

Mondelez International has ceased contributing to its union employees' multiemployer plan and implemented a new enhanced version of its DC plan.
Wells Fargo struggles to attract 401(k) business in wake of banking scandals

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

Wells Fargo's retirement plan business has suffered following a string of negative stories related to operations within some units of the broader company.
Philips North America agrees to pay $17 million, make 401(k) reforms to settle fiduciary breach case

Courts

Courts

Philips North America agreed to a preliminary settlement of a class-action lawsuit alleging fiduciary breaches and agreed to pay $17 million.
Managers re-examining U.K. master trust market

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

New regulations are changing the DC landscape in the U.K., prompting money managers and others to take a new look at opportunities.

Defined Contribution

Defined Contribution

Rolls-Royce introduced a new defined contribution plan after the company reached an agreement with U.K. trade unions on a benefits package.
Lowe's, Aon Hewitt sued for fiduciary breach over 401(k) losses in Hewitt Growth Fund

Courts

Courts

A lawsuit was filed against Lowe's Cos. and its investment consultant Aon Hewitt Investment Consulting alleging fiduciary breaches in its 401(k) plan.
T-Mobile-Sprint merger would combine more than $6 billion in retirement assets

Retirement Plans

Retirement Plans

Sprint and T-Mobile announced plans to merge, which would create a company with more than $6 billion in retirement plan assets.