BBVA Compass loses second try to get ERISA case dismissed
March 02, 2021 12:05:44 PMA federal judge rejected for the second time a petition by BBVA Compass Bancshares to throw out an ERISA complaint.
Women outperform men in managing DC plans – Morningstar
March 02, 2021 07:00:00 AMFemale plan administrators run better defined contribution plans than their male counterparts, research suggests.
New York Deferred Comp plan preps international equity search
March 01, 2021 01:46:19 PMSuit targets Principal Life Insurance over fees, performance
March 01, 2021 12:00:55 PMA former participant in a 401(k) plan run by Principal Life Insurance says the company failed to provide better investment choices.
New York Deferred Comp plan re-ups with Goldman as stable value manager
February 26, 2021 03:14:55 PMNew York State Common expands board diversity mandate
February 25, 2021 03:16:59 PMNew York State Common Retirement Fund will expand its insistence on corporate board diversity for all S&P 500 companies in which it invests.
Natixis 401(k) participant charges self-dealing in ERISA suit
February 25, 2021 01:43:49 PMA participant in a Natixis Investment Managers 401(k) plan sued the company, alleging ERISA violations, including "unlawful self-dealing."
Settlement reached in stock-drop suit against IBM
February 25, 2021 01:03:28 PMAfter five years and two trips to the U.S. Supreme Court, a lawsuit against fiduciaries of an IBM 401(k) plan has been tentatively settled.
New York City pension funds log double-digit return
February 23, 2021 03:44:01 PMThe New York City Retirement Systems posted an estimated 18% return on investments for the seven months ended Jan. 31.
N.J. governor proposes to fully fund pension system in upcoming fiscal year
February 23, 2021 03:21:05 PMNew Jersey Gov. Phil Murphy called for a $6.4 billion contribution to the state pension system for the budget year starting July 1.
Cerner to pay $4.1 million to former 401(k) participants
February 23, 2021 01:36:09 PMCerner Corp. agreed to pay $4.1 million to settle ERISA allegations by former participants in the company's 401(k) plan.
Prudential Financial preps $185 million contribution to pension plans
February 22, 2021 03:56:07 PMPrudential Financial Inc. plans to contribute about $185 million to its defined benefit plans this year.
ConEd earmarks $480 million for pension plan contributions
February 22, 2021 11:16:13 AMConsolidated Edison Inc. expects to contribute $480 million to its pension plans in 2021, with the bulk going to a single plan.
McDonald’s to revamp diversity efforts after fund challenge
February 19, 2021 01:51:59 PMNew York State Common withrew a shareholder proposal challenging diversity efforts at McDonald's after the fast-food chain proposed changes.
Raytheon settles ERISA mortality table suit for $59.2 million
February 18, 2021 05:47:04 PMRaytheon Co. agreed to pay $59.2 million to settle an ERISA complaint filed by a retiree who said officials improperly calculated benefits.
CAPTRUST snaps up Cammack Retirement Group
February 16, 2021 03:25:25 PMCAPTRUST Financial Advisors acquired Cammack Retirement Group, marking CAPTRUST's 47th acquisition since 2006.
Judge grants go-ahead for T. Rowe Price ERISA suit
February 12, 2021 12:47:04 PMA court cleared the way for a trial to assess whether fiduciaries of a T. Rowe Price Group 401(k) plan violated terms of ERISA.
Participant’s ERISA claim against Abbott Labs dismissed again
February 11, 2021 03:55:48 PMA court again dismissed a complaint by a participant in Abbott Laboratories 401(k) plan over losses she incurred due to identity theft.
Appeals court ruling revives Georgetown ERISA suit
February 11, 2021 02:58:50 PMA federal appeals court in Washington allowed an ERISA complaint by participants in two Georgetown University 403(b) plans to continue.
Court turns out lights on ERISA claims against General Electric
February 08, 2021 03:39:00 PMA federal appeals court upheld a dismissal of claims that GE officials violated ERISA in managing a GE stock fund within its 401(k) plan.
New York State Common chalks up 10% return in fiscal third quarter
February 08, 2021 03:08:03 PMNew York State Common Retirement Fund posted a 10% estimated net return in its fiscal third quarter, which ended Dec. 31.
Virtual participation helping everyone remain on track
February 08, 2021 12:00:00 AMRecord keepers expand virtual communications to help participants maintain and build their retirement accounts during the pandemic.
Equity gains propel 457 plans, but future growth is hampered
February 08, 2021 12:00:00 AMDeferred compensation plan assets rose, but state laws that effectively block auto enrollment in these plans hamper growth potential.
Participants uncork ERISA suit against Coca-Cola bottlers
February 05, 2021 09:13:57 AMAn association of independent Coca-Cola bottlers has been accused of ERISA violations in the management of its 401(k) plan.
Voya joins with BlackRock on emergency savings program
February 04, 2021 03:06:12 PMVoya Financial joined BlackRock's Emergency Savings Initiative, an effort to provide tools to individuals for building financial stability.