Robert Steyer Reporter (defined contribution) [email protected] 212-210-0180 See All Staff Page Recent Stories New York State Common moves nearly $1.5 billion to managers Teva 401(k) participants prescribe fees, oversight in ERISA lawsuit Participants in a 401(k) plan run by Teva Pharmaceuticals USA have sued, alleging violations of ERISA over fees and monitoring investments. New data questions conventional wisdom Recent research challenges the conventional wisdom of DC plan management but may reflect evolving changes, not repudiation of past practices. Analysis on stretching the match shows it doesn't work as intended A Vanguard researcher tackled the conventional wisdom that could improve participation since there wasn't data to support it. U.S. government sides with plaintiff in Putnam ERISA case The federal government has filed a friend-of-the-court brief in a case before the Supreme Court involving a dispute with a 401(k) sponsor. New York pension funds reach $41 million settlement with Wynn Resorts New York state and city pension funds said they reached a settlement with Wynn Resorts for $41 million and promises of improved governance. New York State Common looks to fill deputy CIO, 529 director posts The New York State Common Retirement Fund posted hiring notices for a deputy CIO and for a director of the 529 College Savings Program. Supreme Court declines to hear ERISA suit against Great-West The Supreme Court declined to hear a lawsuit alleging that Great-West violated ERISA in the management of a stable value fund. Sponsors take steps to reduce company-stock litigation risk Some DC plans are hiring fiduciaries or keeping company insiders off committees that govern company stock shares in retirement accounts. New Jersey slates $124 million for private equity NYC funds target 3 utilities in push for independent chairmen New York City Retirement Systems filed proposals with three big utilities advocating the selection of an independent director as chairman. New York State Common posts meager 1.2% return in fiscal Q2 The New York State Common Retirement Fund posted an estimated net return on investment of 1.16% for the three months ended Sept. 30. Morningstar: Expanding DC investment options can improve returns Increasing a 401(k) plan's investment menu to 30 core choices from 10 core choices can produce an increase in the risk-adjusted return. A few simple calculations showed workers how to save more Missouri digests complex data to deliver a simplified approach to retirement savings planning for state employees. Creativity abounds in helping participants thrive Employers who help workers pay down student debt and save for retirement are among those honored at the Excellence & Innovation Awards. Load More
