U.S. Bancorp has entered into an agreement to acquire MUFG Union Bank, bringing together a potential $23.1 billion in retirement plan assets.
United Technologies and Raytheon's merger presented challenges for CIO Robin Diamonte and her staff in merging the firms' retirement plans.
Global retirement plan assets across 22 countries jumped in 2019 thanks primarily to strong equity markets, up 15% to $46.73 trillion.
Alaska Retirement Management Board terminated 19 external money managers with portfolios totaling just less than $2.4 billion.
United Technologies Corp. and Raytheon Co.'s retirement plan data reveal some potential challenges if those plans are combined.
United Technologies and Raytheon's upcoming merger presents challenges for the plan sponsors on whether to merge their retirement plans.
Bristol-Myers Squibb's deal to acquire Celgene would create a company with about $10.3 billion in retirement plan assets.
In the past decade, defined contribution plans have seen returns creep closer to those of their defined benefit brethren.