Lockheed Martin has changed its DC lineup to simplify choices, add equity exposure and encourage retired employees to keep assets in-plan.
New York State Teachers reported a 9.6% return on investments for the quarter ending Dec. 31 and announced several one-year renewals.
Two participants in a Kimberly-Clark Corp. 401(k) plan sued the company and plan fiduciaries, alleging breaches of fiduciary duty.
In a year when the pandemic changed so much, Eddy Award winners rose to the challenge with excellence in communications.
Cerner Corp. agreed to pay $4.1 million to settle ERISA allegations by former participants in the company's 401(k) plan.
Prudential Financial Inc. plans to contribute about $185 million to its defined benefit plans this year.
Consolidated Edison Inc. expects to contribute $480 million to its pension plans in 2021, with the bulk going to a single plan.
New York State Common withrew a shareholder proposal challenging diversity efforts at McDonald's after the fast-food chain proposed changes.
New York State Common Retirement Fund posted a 10% estimated net return in its fiscal third quarter, which ended Dec. 31.
New Jersey Pension Fund added three new positions, including recently hired heads of real assets and fixed income.
New Jersey Division of Investment reduced the amount of bonuses paid to external alternatives managers by about 3.5% for the fiscal year.
New York State Teachers' Retirement System renewed two consultant contracts and 10 manager contracts. Each was renewed for one year.
A court dismissed claims by two participants in Intel retirement plans, finding their allegations of ERISA breaches were insufficient.
Blackstone plans to merge Alight Solutions with a special purpose acquisition company to create a new publicly traded company, Alight Inc.
Current and former participants of a 401(k) plan offered by Associated Banc-Corp sued the Wisconsin company for violating ERISA.
A federal judge dismissed a complaint against Vail Corp. by a former participant in the company's 401(k) plan who alleged ERISA violations.
Edward Ramos has joined the New Jersey Division of Investment as its first diversity portfolio manager.
A participant in Allstate's 401(k) plan sued over "poorly performing" funds from Northern Trust, adding to litigation begun in October.
Mark Luckinbill was named executive director of the National Tax-Deferred Savings Association, succeeding Brent Neese.
New York State Common Retirement Fund wants to reduce investments in energy firms, leading to a net zero carbon emissions target by 2040.
Former participants in a 401(k) plan run by Cognizant Technology Solutions U.S. Corp. have sued the company and fiduciaries.