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Products | October 22nd, 2010

Russell Offers New Benchmark for Global Mandates

October 22, 2010 (PLANSPONSOR.com) - Russell Investments has launched a new global benchmark to offer investors increased flexibility in their global mandate.

Compliance | October 22nd, 2010

NY Court Allows Facebook and MySpace Data as Evidence

October 22, 2010 (PLANSPONSOR.com) – The New York Supreme Court in Suffolk County has granted an office chair maker’s motion to use a worker’s Facebook and MySpace account...

Compliance | October 22nd, 2010

PBGC Takes Tire Company Pension

October 22, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering more than 600 former workers and retirees of...

Benefits | October 22nd, 2010

Interview Attire: Pajamas with Slippers?

October 22, 2010 (PLANSPONSOR.com) – Hiring managers often see crazy things, but some of the job applicant outfits reported in a recent poll lend new urgency to the...

Compliance | October 22nd, 2010

Cash Balance Plaintiff to get Attorney’s Fees

October 22, 2010 (PLANSPONSOR.com) – A federal judge in Illinois has ruled that a participant in the Verizon Communications cash balance plan is entitled to attorney’s fees for...

Administration | October 22nd, 2010

CalPERS and CIM Group Renew Relationship

October 22, 2010 (PLANSPONSOR.com) – The California Public Employees’ Retirement System (CalPERS) has entered into a letter agreement with CIM Group designating CIM as a strategic investment manager...

Products | October 22nd, 2010

Firm Helps Public DB Sponsors Manage Market Volatility Effects

October 22, 2010 (PLANSPONSOR.com) - Cavanaugh Macdonald Consulting has announced a patented method for determining counter-cyclical employer contributions to public sector defined benefit plans.

Benefits | October 21st, 2010

Brown Pushing Twin CA Pension Probes.

October 21, 2010 (PLANSPONSOR.com) – California Attorney General Edmund G. Brown Jr. has asked a court to appoint a monitor to oversee finances and management in the city...

Benefits | October 21st, 2010

CalPERS to Post Travel Expense Documents

October 21, 2010 (PLANSPONSOR.com) – The California Public Employees Retirement System (CalPERS) has approved a plan under which all Board members and key staff members will see their...

Compliance | October 21st, 2010

Former EBSA Secretary Raises Questions on Fiduciary Definition Change

October 21, 2010 (PLANSPONSOR.com) – The former Assistant Secretary of the Department of Labor’s Employee Benefit Security Administration (EBSA) said the new fiduciary definition proposal by the DoL...

Products | October 21st, 2010

Pharmacy Cooperative in new Deal with CVS Caremark

October 21, 2010 (PLANSPONSOR.com) – National CooperativeRx, a pharmacy benefit purchasing collaborative owned by employers and labor organizations, has worked out a new agreement with CVS Caremark.

Compliance | October 21st, 2010

EBSA Answers Questions on Proposed Fiduciary Definition Change

October 21, 2010 (PLANSPONSOR.com) – In a press call on the Department of Labor’s newly proposed revised definition of fiduciary under the Employment Retirement Income Security Act (ERISA),...

Compliance | October 21st, 2010

BREAKING NEWS: DoL Broadens Fiduciary Net

October 21, 2010 (PLANSPONSOR.com) – For the first time in a generation, the Labor Department has taken another crack at the definition of a fiduciary...

Products | October 21st, 2010

Web Site Helps Employers Choose Best Retirement Plan

October 21, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) and the American Institute of Certified Public Accountants (AICPA) have launched a Web site to help small...

Deals and People | October 21st, 2010

Sauber Named as Advantus Client Strategies Chief

October 21, 2010 (PLANSPONSOR.com) – Advantus Capital Management, an institutional fixed income and real-estate securities asset manager, has created the Client Strategies Group in its insurance asset management...

Products | October 21st, 2010

Firm Unveils Precious Metals ETF

October 21, 2010 (PLANSPONSOR.com) – ETF Securities announced that ETFS Precious Metals Basket shares will list on the NYSE Arca on October 22, 2010, trading under the ticker...

Benefits | October 21st, 2010

DC Plan Loan and Withdrawal Activity Edged Higher in 2010

October 21, 2010 (PLANSPONSOR.com) - A report from the Investment Company Institute with data on almost 24 million defined contribution retirement accounts shows that in the first half...

Benefits | October 21st, 2010

Retirement Assets Down in Q2 2010

October 21, 2010 (PLANSPONSOR.com) - A new report from the Investment Company Institute shows that between March 2010 and June 2010, retirement assets fell 5.1%, from $16.5 trillion...

Administration | October 21st, 2010

DoL Sues Money Managers over Plans’ Madoff Losses

October 21, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has accused four money management firms of violating their fiduciary duties by causing hundreds of millions of...

Compliance | October 21st, 2010

PBGC Takes MI Auto Supplier Plan under Its Wing

October 20, 2010 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering 570 former workers and retirees of FormTech Industries,...