DOL Hosts Fiduciary Responsibilities Seminar in Dallas
May 2, 2012 (PLANSPONSOR.com) – The Department of Labor (DOL) is hosting a “Getting It Right – Know Your Fiduciary Responsibilities” seminar in Dallas on May 22.
Latest News
Baltimore Fund Consolidates Pension Suit
May 2, 2012 (PLANSPONSOR.com) – The City of Baltimore and New Britain Firefighters’ Benefit Fund filed a consolidated and amended complaint against Citigroup Inc. Credit Suisse AG, Bank...
PBGC Reaches Settlement of Pension Debt with Bendix
May 2, 2012 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) reached a settlement with Bendix Commercial Vehicle Systems LLC.
Pension Plan Funded Status Falls in April
May 2, 2012 (PLANSPONSOR.com) - The aggregate deficit in pension plans sponsored by S&P 1500 companies grew $39 billion in April to $375 billion, according to new figures...
Employer Cannot Use ERISA to Stop Deferred Compensation Benefits
May 2, 2012 (PLANSPONSOR.com) – An employer cannot use the Employee Retirement Income Security Act’s provisions to terminate benefit payments under a deferred compensation agreement.
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Russell and Barclays Launch LDI Index Series
May 2, 2012 (PLANSPONSOR.com) - Russell Investments and Barclays launched a set of investable liability-driven investment (LDI) fixed income benchmarks for U.S. corporate pension funds.
La. Pension Sues Sprint Over Sales Tax Issue
May 2, 2012 (PLANSPONSOR.com) - Sprint Nextel Corp. was sued by a Louisiana pension fund after New York’s attorney general accused the company of deliberately failing to pay...
Groups Seek Grace Period for Fee Disclosure Regulations
May 1, 2012 (PLANSPONSOR.com) - A coalition of organizations asked the Department of Labor (DOL) to institute a one-year transition period to comply with new fee disclosure regulations.
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BCG Partners With IPA Northeast
May 1, 2012 (PLANSPONSOR.com) - Benefit Consultants Group (BCG) will be assuming the daily valuation retirement plan clients from IPA...
ABG Wants Clarity for Advisers about Participant Fee Disclosure
May 1, 2012 (PLANSPONSOR.com) - Alliance Benefit Group (ABG) asked the Department of Labor to clarify certain aspects of the participant fee disclosure regulations that go into effect...
Benefits |
Employers and Consumers Due $1.3B in Rebates under Health Reform
May 1, 2012 (PLANSPONSOR.com) - Consumers and businesses are expected to receive $1.3 billion in rebates from health insurers who spent more on administrative expenses and profits than...
Benefits |
Blacks and Hispanics More Likely to Borrow from 401(k)
May 1, 2012 (PLANSPONSOR.com) – Blacks and Hispanics are more likely than whites and Asians to take loans and...
Towers Watson Details Fairer Hedge Fund Fees
May 1, 2012 (PLANSPONSOR.com) - Approximately one-third of outperformance from skill should go to hedge fund managers in the form of fees, with the rest going to the...
Benefits |
Fidelity Reports 8% Jump in Average 401(k) Balance
May 1, 2012 (PLANSPONSOR.com) - Fidelity Investments reported the average 401(k) balance in 401(k) plans it administers rose to $74,600 at the end of the first quarter, an...
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Good Health Leads to Retirement Savings Adequacy
May 1, 2012 (PLANSPONSOR.com) - An increasing number of employees view the solution to having adequate retirement savings as working longer.
Public Pension Assets Increase More Than $257 Billion
May 1, 2012 (PLANSPONSOR.com) - U.S. state and local public-employee retirement systems had $2.7 trillion in total cash and investment holdings in 2010.
Mass. Pension Sues Google Over Proposed Stock Split
May 1, 2012 (PLANSPONSOR.com) – Google, Inc. was sued by a Brockton, Massachusetts, pension fund that claims the company’s planned stock split would unfairly create nonvoting shares.
Benefits |
CFOs Share Companies' Most Frequent Missteps
May 1, 2012 (PLANSPONSOR.com) – Forty-one percent of chief financial officers (CFOs) say lack of communication between staff and...
NYC Pensions to Challenge Wal-Mart Board
May 1, 2012 (PLANSPONSOR.com) – New York City’s pension funds announced plans to vote their 4.7 million Wal-Mart company shares against five directors standing for re-election to the...
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University of Washington Consolidates 403(b) Providers
May 1, 2012 (PLANSPONSOR.com) - In an effort to streamline administration of its 403(b) plans, the University of Washington is reducing the number of providers and selected Fidelity...