Recent Stories
ICMA-RC names next president, CEO

Lynne Ford was named president and CEO of ICMA-RC effective Nov. 4. She replaces Robert Schultze, who is retiring.
New Hampshire system logs 5.7% investment return

New Hampshire Retirement System achieved a 5.7% return on investment, net of fees, for the fiscal year ended June 30.

Allina Health to pay $2.4 million to DC participants under proposed settlement

Allina Health will pay $2.4 million to DC plan participants under a proposed settlement in an ERISA lawsuit.
Participant sues Estee Lauder over 401(k) security breach

A participant in an Estee Lauder 401(k) plan sued after losing $99,000, saying plan fiduciaries failed to keep her account safe.
FINRA honors Wharton's Olivia Mitchell with Ketchum Prize

Wharton School's Olivia Mitchell receives the FINRA Investor Education Foundation's highest honor for her retirement research.
Princeton returns 6.2% for fiscal year

Princeton University's endowment returned a net 6.2% on its investments for the fiscal year ended June 30.

NYC pension system asks companies to adopt ‘Rooney Rule’

New York City's pension system is asking companies to adopt policies to consider women and minorities when hiring board members and CEOs.
Court tosses Morgan Stanley fiduciary breach claim

A federal judge has dismissed a lawsuit by participants in a Morgan Stanley 401(k) plan, who alleged fiduciary violations.

AT&T called out in ERISA suit over early retirement benefits

Participants in AT&T Inc.'s defined benefit plan have sued, saying AT&T's calculations for early retirement benefits violated ERISA.
Court dismisses case against New York deferred comp plan over hiring decision

A judge dismissed a suit by an Empower Retirement unit challenging the New York City Deferred Compensation Plan's hiring of Voya Financial.

DCIIA papers target ‘retirement tier’ in DC investment lineups

DCIIA announced the publication of six papers covering the concept of a "retirement tier" within defined contribution investment lineups.
SunTrust 401(k) plan fiduciary breach lawsuit to move forward

A federal district court ordered a trial to resolve ERISA fiduciary breach claims by participants in a SunTrust Banks Inc. 401(k) plan.
Cornell endowment returns 5.3% for fiscal year

Cornell University's endowment posted a 5.3% net return for the fiscal year, matching the university's benchmark.

CareerBuilder sued by former 401(k) participant

A former participant in a 401(k) plan offered by CareerBuilder sued the company and plan fiduciaries, alleging ERISA violations.
Appeals court reverses lower court's dismissal of Cammack ERISA case

A federal appeals court in New York has resurrected an ERISA lawsuit against Cammack LaRhette Advisors.