Progressive Corp. added auto enrollment to its 401(k) plan, which will automatically enroll new employees at a 6% pretax contribution rate.
Lockheed Martin has changed its DC lineup to simplify choices, add equity exposure and encourage retired employees to keep assets in-plan.
Jennifer Perkins was named managing director, defined contribution portfolio manager, at LaSalle Investment Management, a new position.
Record keepers are racing to roll out adviser managed accounts to satisfy RIAs clamoring for the new product.
Malaysia's EPF said record investment gains helped its portfolio end 2020 at 1 trillion ringgit, despite COVID-19-related early withdrawals.
A task force created by Wisconsin's governor has recommended the formation of a state-run retirement savings plan called WisconsinSaves.
Blackstone plans to merge Alight Solutions with a special purpose acquisition company to create a new publicly traded company, Alight Inc.
Ascensus and Empower Retirement announced the purchase of Truist Financial Corp.'s institutional 401(k) record-keeping businesses.
Mark Luckinbill was named executive director of the National Tax-Deferred Savings Association, succeeding Brent Neese.
Alerus Financial Corp. has agreed to acquire retirement plan administrator Retirement Planning Services.
Participants remain focused on nuts and bolts of their retirement plans despite U.S. political volatility.
Citgo Petroleum Corp. suspended the company basic and matching contributions in its 401(k) plans effective Nov. 1.
Executives of seven DC plan sponsors were honored for excellence and innovation at Pensions & Investments' DCW Virtual Series.
Record-keeper consolidation continues as profit margins are squeezed, technology requirements grow and sponsors' demands increase.
San Jose Deferred Compensation Advisory Committee approved the removal of the Vanguard Federal Money Market Fund from its 457 plan lineup.
Empower's acquisition of MassMutual's retirement business will allow the record keeper to sell its services to a bigger audience.
REITs represent a small amount of assets in DC plans, but they can play multiple roles in portfolio management.
Sponsors have taken many steps to reduce the impact on DC participants' holding of company stock, especially during market volatility.
Many sponsors and participants have reduced high company-stock concentrations in DC plans, but big percentages persist in some plans.
Financial counselors have been in overdrive working with retirement plan participants as the pandemic continues to spread financial woe.
Corporate 401(k) plans emphasized cost savings in changing investment options in their lineups in 2019, a summary of 11-K filings shows.
RIA firms are adopting adviser managed account platforms to expand participant advice services and gain competitive edge.
ArcBest Corp. removed the Invesco Oppenheimer International Growth Fund from the investment options lineup of its 401(k) plan.
Cincinnati Financial Corp., removed the PGIM Jennison Mid-Cap Growth Fund from the investment options lineup of its 401(k) plan.
Dunkin' Brands removed several investment options from its 401(k) plan, after revamping its fund lineup.