Robert Steyer Reporter (defined contribution) [email protected] 212-210-0180 See All Staff Page Recent Stories ERISA complaint lodged against Fidelity dismissed U.S. District Court in Boston has dismissed an ERISA complaint by multiple plaintiffs against the parent company of Fidelity Investments. Verus brings on former Intel exec Stuart Odell Stuart Odell Jr., a former top retirement executive at Intel, was hired as a managing director and senior consultant at Verus Advisory. T. Rowe Price to boost equity percentages in 2 target-date funds T. Rowe Price Group will raise the equity components of its two target-date mutual fund series to help participants meet savings goals. NYS Common allocates $800 million to climate-themed investments New York State Common made $800 million in investments and commitments to climate-focused fixed income and opportunistic alternative funds. New York State Common directs $615 million to private equity New York City Retirement seeks climate-focused investment manager New York State Common posts 5.3% quarterly return New York State Common Retirement Fund posted a 5.28% return in the quarter ending Dec. 31, bolstered by a surge in markets at the of 2019. Plan participants weigh in on paper, electronic or both Participants can't come to a definitive conclusion about how they want retirement plan information delivered — paper, electronic or both. Passive bonds displaying vibrance despite era of go-go stock market DC plan participants haven't ignored fixed income even as the bull market charges ahead. Target-date funds remain voracious As overall DC plan assets grow, allocations to target-date funds grow even faster. Fiduciary violations, underpayments at center of UPS suit Former UPS employees have sued the company alleging that its use of outdated mortality tables for calculating benefits underpaid retirees. Appeals court reinstates fiduciary suit against Principal Life Insurance A federal appeals court has revived a fiduciary lawsuit against Principal Life Insurance, filed by a former 401(k) plan participant. N.J. Pension Fund pares fees paid to alts managers, investments The New Jersey Pension Fund reduced the amount of management fees and expenses paid for alternative investments in the 2019 fiscal year. DiMeo Schneider to acquire Fiduciary Investment Advisors DiMeo Schneider & Associates agreed to acquire Fiduciary Investment Advisors, a deal crafted by the top executives of each company. Serco 401(k) participant claims fiduciary breaches in lawsuit A former participant in a 401(k) plan offered by Serco Inc. sued the company, alleging managers breached their fiduciary duties. Load More
