Robert Steyer Reporter (defined contribution) [email protected] 212-210-0180 See All Staff Page Recent Stories Court issues split decision on dismissal of Genentech 401(k) plan suit A federal judge granted a dismissal on some but not all allegations of ERISA violations against Genentech and its Roche subsidiary. Fitch raises New York state outlook to stable Fitch Ratings raised its credit outlook on New York state to stable from negative, while keeping its AA+ rating on general obligation bonds. Court rejects bid for larger award in Banner Health ERISA suit A federal appeals court rejected a petition by participants in a Banner Health 401(k) plan to expand an award issued in an ERISA lawsuit. Generac Power sued over ERISA violations in 401(k) plan A participant in a 401(k) plan run by Generac Power Systems Inc. sued the company and plan fiduciaries alleging ERISA violations. S&P Global Ratings raises New York state outlook S&P Global Ratings raised to stable from negative its outlook for New York state's general obligation bonds. Tough choice: outsource tech or upgrade The move by Vanguard and T. Rowe Price to outsource record-keeping technology management is seen as a harbinger of things to come. Principal says integrating Wells Fargo brings enhancements Principal Financial Group wraps up its integration of Wells Fargo & Co.'s record-keeping business and other benefits services. Plan sponsors have room to improve to boost retirement outcomes – report Participants are benefiting from plan sponsors' adoption of recommendations for boosting outcomes, but there remains room for improvement. Wake Forest medical center sued over ERISA violations in 403(b) plan Former participants in a 403(b) plan run by the Wake Forest University Baptist Medical Center sued alleging a series of ERISA violations. Russell sued over investments in Royal Caribbean 401(k) plan A participant in a 401(k) plan run by Royal Caribbean sued Russell for breach of fiduciary duties regarding investments in the plan. Northern Trust sued again for use of proprietary target-date funds Participants in a 401(k) plan run by Northern Trust sued, claiming ERISA violations in the plan's use of a proprietary target-date series. District Court upholds duty of prudence argument in Braun Medical ERISA case A District Court judge issued a split opinion on an ERISA lawsuit filed by former employees of B. Braun Medical Inc. Managers focus on specialties to compete with big fish Amid big gains by big defined contribution managers, other players find ways to grow in influence and in AUM. New Jersey Pension Fund discloses up to $1 billion in commitments New York State Common rides rebound to post 33.55% return for fiscal year New York State Common Retirement Fund posted an estimated return of 33.55%, net of fees, for the fiscal year ended March 31. Load More
