Robert Steyer Reporter (defined contribution) [email protected] 212-210-0180 See All Staff Page Recent Stories National Rural Electric Cooperative to settle ERISA case for $10 million National Rural Electric Cooperative Association agreed to pay $10 million to settle an ERISA complaint by participants in a 401(k) plan. NYC sees 4.4% pension system return for fiscal year The New York City Retirement Systems posted a preliminary return of 4.4% for the fiscal year. New York State Teachers reports -12.9% return in fiscal Q3 The New York State Teachers' Retirement System recorded a -12.9% return for the three months ended March 31. New York State Common down 2.68% for fiscal year New York State Common Retirement Fund posted a -2.68% return for the fiscal year. Princeton settles ERISA case for $5.8 million Princeton University agreed to pay $5.8 million to settle an ERISA complaint filed by a participant in two university 403(b) plans. New York State Teachers approves up to $1.3 billion for private markets Appeals court upholds dismissal of stock-drop suit against Wells Fargo A federal appeals court upheld a U.S. District Court's dismissal of a stock-drop lawsuit against Wells Fargo & Co. Drop in lottery proceeds means less money for N.J. pension fund New Jersey State Lottery receipts fell to $937 million for the year, reducing the anticipated contribution to the state's pension system. Sutter Health sued over ERISA breaches in 403(b) plan Former employees of Sutter Health have sued the operator of hospitals and clinics for ERISA violations in the management of its 403(b) plan. Wawa settles stock-option ERISA claim for $22 million Wawa Inc. has agreed to pay $21.6 million to settle an ERISA complaint by participants in the Wawa Inc. Employee Stock Option Plan. No end in sight for business of ERISA litigation Participants keep filing ERISA lawsuits against DC plans, fueled by veteran attorneys as well as newcomers and smaller targets. Pandemic has DC sponsors holding off on plan upgrades The coronavirus has forced many defined contribution sponsors to postpone or delay new initiatives. T. Rowe Price's Jerome Clark recognized by Morningstar T. Rowe Price's Jerome T. Clark is Morningstar's outstanding portfolio manager for 2020 based on his pioneering work in target-date funds. Alight: 401(k) participants lean on conservative investments in June Participants in 401(k) plans favored conservative investments in their June trading activity. NYS Common allocates $600 million to real estate Load More
