Thirty-nine defined contribution plan education campaigns on Monday won Eddy Awards, the annual recognition by Pensions & Investments of best practices by defined contribution plans in providing investment education to participants. The awards were presented at P&I's East Coast Defined Contribution Conference in Miami.
First-place awards for special projects — corporate, public, union and not-for-profit — were presented to Averitt Express Inc. and Wells Fargo Institutional Retirement and Trust, the service provider; Four Seasons Hotels Ltd. and Wells Fargo; Federated Mutual Insurance Co. and Wells Fargo; County of San Diego Deferred Compensation Program and Nationwide Retirement Solutions; the NFL Players Association and Financial Finesse; and BJC HealthCare and Vanguard Group.
First-place winners for ongoing education for the same four plan types were Edward D. Jones & Co. and AllianceBernstein LP; Mississippi College Deferred Compensation Plan and service provider TIAA-CREF; Federal Retirement Thrift Investment Board's Thrift Savings Plan; and California Teachers Association.
In the conversions category, first-place recipients for the four plan types are Hanesbrands Inc. and service provider Fidelity Investments; E.I. du Pont de Nemours & Co. and Bank of America Merrill Lynch; Wirtz Corp. and MassMutual Retirement Services; Washington Metropolitan Area Transit Authority and Lincoln Financial Group; City and County of San Francisco Deferred Compensation Plan and Prudential Retirement; and Electrical Workers Local 369 Benefit & Retirement Fund and MassMutual Retirement Services.
The department store company Boscov's and service provider Wells Fargo won first place in the automatic re-enrollment category. The United Airlines Pilot Retirement Plan (union) and Schwab Retirement Plan Services along with Fujifilm (corporate) and Prudential Retirement won first-place awards for plan transitions' education. Snap-on Inc. and T. Rowe Price Retirement Plan Services took first place in the retirement readiness category.
Among service providers entering generic campaigns not associated with a plan sponsor, MassMutual Retirement Services won first place for education for special projects; Securian Financial Group took the top award for retirement-readiness education; and Mercer placed first in the ongoing investment education category.
A full list of winners is available on P&I's website.