MetLife Focusing RK on Small, Mid-Sized Clients

November 2, 2001 ( - Fresh from having recently announced their pullout from the large-plan recordkeeping market, MetLife officials say they're turning their attention to small and mid-size plans, leaving at least one frustrated large plan sponsor in its wake.

Executive Compensation Trends Remain Steady

October 2, 2001 ( - The number of financial services firms that make use of nonqualified deferred compensation (NQDC) and supplemental executive retirement plans (SERPs) is on the rise, a new survey finds.

Auto Enrollment Choices Impact Cost, Participation

August 2, 2001 ( - A new Vanguard survey of plan sponsor experience with automatic, or negative, enrollment indicates that while the practice can increase participation rates, it can increase plan costs with little corresponding benefit in the absence of the proactive involvement of plan sponsors.

Eaton Vance on Buying Binge

August 2, 2001 ( - Eaton Vance has signed a definitive agreement to acquire 70% of Atlanta Capital Management Company for $75 million - a move that comes on the heels of recently announced plans to acquire Fox Asset Management.

401(k)s Losing Momentum

May 2, 2001 ( - Volatile equity markets took a toll on 401(k) plan assets last year, with balances shrinking by $72 billion, losing ground for the first time since the inception of the popular retirement plan.

Massachusetts Participants Get Social Choice

April 2, 2001 ( - The Commonwealth of Massachusetts has added a social investing option for the 111,000 participants of its deferred compensation plan, joining a growing list of large plan sponsors to extend the option to participants.

Options Lift Average Outside Director Comp Over $100K

February 2, 2001 ( - Stock option grants lifted the average annual compensation for outside board directors over $100,000 for the first time ever, but only a small minority offers board members retirement benefits, according to a new study.

Unilever CIO Failed To Keep Eye On "Wild Card" Fund Manager

November 1, 2001( - Unilever Superannuation Fund (USF)'s CIO, Wendy Mayall, failed to reign in the rogue portfolio manager at the center of its £130 negligence case against Merrill Lynch Investment Managers (MLIM) when he strayed from performance objectives, a UK court was told.

General Motors Offers Employees Online Trading

November 1, 2001( - Ameritrade Holding Corporation and GMAC Bank have teamed up to provide a suite of online brokerage and financial capabilities to employees, retirees, shareholders and customers of General Motors/GMAC.

Chrysler to Drop 401(k) Match

November 1, 2001 ( - Chrysler will suspend its already trimmed 401(k) matching contributions in a cost-cutting measure and also plans to increase the number of jobs targeted for elimination this year.

CalPERS Backs Off Hedge Plans

November 13, 2000 ( - The nation's largest public pension system has officially - and dramatically - cut back on previously announced plans to invest as much as $12 billion to hedge funds.

AMEX Offers Exchange-Traded Fund Options

October 13, 2000 ( - Plan sponsors now have an additional investment "option" as the American Stock Exchange (AMEX) begins trading options on selected exchange-traded funds (ETFs).