Administration

Massachusetts Participants Get Social Choice

April 2, 2001 (PLANSPONSOR.com) - 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 (PLANSPONSOR.com) - 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(PLANSPONSOR.com) - 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(PLANSPONSOR.com) - 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 (PLANSPONSOR.com) - 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 (PLANSPONSOR.com) - 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 (PLANSPONSOR.com) - Plan sponsors now have an additional investment "option" as the American Stock Exchange (AMEX) begins trading options on selected exchange-traded funds (ETFs).

Basel Committee Backs Off Capital Standard Proposal

October 1, 2001 (PLANSPONSOr.com) - The Basel Committee on Banking Supervision has backed off proposals to increase capital set aside requirements for banks as well as the amount of public disclosures regarding their activities. However, even the reduced proposals could have an impact on the investment management subsidiaries of banks.

AFP-NIRI Alliance to Benefit Members

August 1, 2001 (PLANSPONSOR.com) - The Association for Financial Professionals (AFP) and the National Investor Relations Institute (NIRI) have teamed up to provide educational tools and research to each other's members.

Mortgage-Backed Securities Popularity Grows: Report

August 1, 2001 (PLANSPONSOR.com) - Commercial mortgage-backed securities (CMBS) are becoming more popular with institutional investors as their increased exposure to the capital markets' translates in structural changes that benefit investors, a new report finds.

Trade Execution More Transparent

August 1, 2001 (PLANSPONSOR.com) - Order execution has become a little more transparent thanks to the implementation of the Securities and Exchange Commission's (SEC) "new" order execution quality disclosure rule.

Federal-Mogul Co. Stock Decision Unique, But Wise: Observers

August 1, 2001 (PLANSPONSOR.com) - Auto parts maker Federal-Mogul raised a few eyebrows last week when it announced that it was discontinuing its company stock program due to its concerns over its falling stock price and asbestos litigation that could further impact the stock.

Getty Gets Green Light from Shareholders

August 1, 2001 (PLANSPONSOR.com) - Shareholders of Getty Realty Corp have given the real estate company the green light for converting to real estate investment trust (REIT) status by approving a charter amendment containing ownership limitations, at a special meeting.

Web Site Offers "Alternative" View

June 1, 2001 (PLANSPONSOR.com) Chances are if you've exercised stock options, you've been bitten -- and bitten hard -- by the alternative minimum tax (AMT). But now there's a new resource for AMT "victims."