Defined contribution record keepers continued to focus on financial wellness, cybersecurity and digital engagement in 2018 — a year in which assets under administration rose nearly 8%.
ESG integration is on the rise in the U.S., with climate change, gender diversity and weapons capturing significant investor attention.
Financial wellness programs are on the rise, but concerns over participation and measurement of value persist.
The nation's largest pension fund, CalPERS, is expanding its research on ESG issues.
Pace Suburban Bus Service, Arlington Heights rehired Mercer as investment consultant for its $216 million 401(k) plan.
University of Houston System committed or invested $57.5 million total with six managers on behalf of its $572 million endowment.
DC plan executives and record keepers view "gamification" as way to drive employee engagement and financial literacy.
The Chicago teachers pension fund prohibited investments in private prison companies and businesses that operate immigration child detention centers.
Illinois Gov. Bruce Rauner issued an amendatory veto making it optional for employers to participate in the state's Secure Choice program.
A lawsuit filed over Kentucky's 2018 pension reform law will be heard by the state's Supreme Court on Sept. 20.
DC plan executives' top concerns are helping employees prepare for retirement, retaining top workers and reducing plan-related costs.
Molex Inc. hired Alight Solutions as service provider of its 401(k) plan, replacing Fidelity.
Houston Firefighters' Relief and Retirement Fund allocated up to $212 million total to four managers.
Leveraging participant data to create meaningful insights comes with its share of challenges, record keepers said.
Non-profit groups As You Sow and CODEPINK are offering a tool to help investors track weapons exposure in mutual funds.
DC providers are adding and refining data tools to help plan executives and consultants access and analyze participant data.
A shareholder proposal has been withdrawn at Cardinal Health after the company agreed to disclose measures it is taking related to the opioid crisis.
Elizabeth Burton was named chief investment officer of the $16.5 billion Hawaii Employees' Retirement System, Honolulu, effective Oct. 1.
DC managers see another year of double-digit gains in target-date assets under management.
The American Council for Capital Formation is questioning the ratings process used for ESG investments.
University of Kentucky is searching for one or more record keeper for its
John Hoeppner was named head of U.S. stewardship and sustainable investments at Legal & General Investment Management America.
Angela Achatz was named director of defined contribution investment-only strategic relationships at Putnam Investments.
New York City Comptroller Scott M. Stringer has engaged with more than half of the U.S. companies targeted in a boardroom diversity campaign.
Limited plan committee time and resources as well as litigation concerns are increasing appetites for OCIO services from DC plan sponsors.