Administration

Administration | March 22nd, 2011

CFOs Cite Time Management as Biggest Work Challenge

March 22, 2011 (PLANSPONSOR.com) - According to a new Robert Half Management Resources survey, more than one-third (38%) of chief financial officers interviewed cited time management due to...

Administration | March 21st, 2011

Sun Trust Served with 401(k) Suit

March 21, 2011 (PLANSPONSOR,com) – A retiree has sued Sun Trust Banks, alleging that it favored investment plans operated by SunTrust or its subsidiaries that...

Administration | March 18th, 2011

Lawsuit Filed over Wrongdoing in CalPERS Pharmacy Contract

March 18, 2011 (PLANSPONSOR.com) - A new lawsuit claims California state workers and others were forced to pay higher charges for prescription medicines as a result of alleged...

Administration | March 17th, 2011

CalPERS Board Approves 7.75% Discount Rate

March 17, 2011 (PLANSPONSOR.com) - The board of the California Public Employees’ Retirement System on Wednesday voted to maintain its 7.75% discount rate.

Administration | March 17th, 2011

San Diego Fund Beats its Benchmark

March 17, 2011 (PLANSPONSOR.com) – The portfolio of the San Diego County Employees Retirement Association (SDCERA) for the 2010 Calendar year outpaced its benchmark by 1.17%, generating a...

Administration | March 15th, 2011

CalPERS Keeps Discount Rate Steady

March 15, 2011 (PLANSPONSOR.com) – The Benefits and Program Administration Committee of the California Public Employees’ Retirement System (CalPERS) Board of Administration has recommended the fund keep its...

Administration | March 15th, 2011

CalPERS Announces New Asset Allocation for OPEB Funding

March 15, 2011 (PLANSPONSOR.com) - The Investment Committee of the California Public Employees’ Retirement System (CalPERS) has approved a new asset allocation model for the California Employers’ Retiree...

Administration | March 15th, 2011

“Special Review” Outlines Private Placement Problems at CalPERS

March 15, 2011 (PLANSPONSOR.com) – The nation’s largest public pension plan has published the results of an investigation of practices at the fund, both by...

Administration | March 15th, 2011

Retirement Income a Higher Priority for Financial Services Firms

March 15, 2011 (PLANSPONSOR.com) - New research from Hearts & Wallets, LLC finds three quarters of resources of financial services firms, including budget and management attention, is devoted...

Administration | March 14th, 2011

How Much Does It Take for a Millionaire to Feel Wealthy?

March 14, 2011 (PLANSPONSOR.com) – Fidelity Investments fourth Millionaire Outlook survey reveals 42% of millionaires still do not feel wealthy, compared to 46% who said they didn’t feel...

Administration | March 14th, 2011

CA Controller Urges Pre-Funding of OPEB Obligations

March 14, 2011 (PLANSPONSOR.com) – California State Controller John Chiang unveiled a new actuarial report that shows California faces a $59.9 billion bill to pay for health and...

Administration | March 14th, 2011

Illinois TRS Receives Full Contribution from State

March 14, 2011 (PLANSPONSOR.com) – The Illinois Teachers’ Retirement System has received its full statutory contribution from state government for fiscal year 2011.

Administration | March 14th, 2011

401(k) Sales Show Decrease in Number of Plans, Increase in Assets

March 14, 2011 (PLANSPONSOR.com) – LIMRA’s 401(k) Scorecard for Q4 2010 shows sales had both positive and negative results.

Administration | March 9th, 2011

DB Returns Beat DC Returns through 2008

March 9, 2011 (PLANSPONSOR.com) - In 2008, defined benefit plans outperformed defined contribution plans by roughly 2.7 percentage points, with aggregate returns negative for both plan types, according...

Administration | March 8th, 2011

Millionaires Hung Up on Quick Callbacks

March 8, 2011 (PLANSPONSOR.com) - When you have a lot of money, you expect a quick response from your financial adviser, according...

Administration | March 7th, 2011

Consultants Expect ‘New Normal’ Economy

March 7, 2011 (PLANSPONSOR.com) – Investment consultants, expecting lower capital market returns and more volatility, support broader asset diversification and custom target-date strategies for defined contribution plans.

Administration | March 7th, 2011

Pension Funding Slowly Recovering

March 7, 2011 (PLANSPONSOR.com) – Wilshire Consulting’s 2011 Report on State Retirement Systems shows a slight uptick in funded status of state pension systems.

Administration | March 7th, 2011

SEC Proposes Ban on Incentives that Encourage Risk

March 7, 2011 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) has proposed a rule mandating that certain financial institutions keep away from compensation arrangements encouraging inappropriate risk...

Administration | March 4th, 2011

Pension Funding Continued Upward in February

March 4, 2011 (PLANSPONSOR.com) – U.S. corporate pension plans in February continued to benefit from the global stock market rally, as the funded status of the typical corporate...

Administration | March 3rd, 2011

CT Fund Reaps 12.5% for 2010

March 3, 2011 (PLANSPONSOR.com) – Connecticut State Treasurer Denise L. Nappier said the Connecticut Retirement Plans and Trust Funds (CRPTF) returned 12.55% for the 2010 calendar year.