Benefits |
BofA to Freeze Pension Fund
February 24, 2012 (PLANSPONSOR.com) – Bank of America will freeze its’ pension plans for eligible employees, effective July 1,...
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Benefits |
Calif. Legislature Proposes Required Pensions for Employees
February 24, 2012 (PLANSPONSOR.com) – The California Legislature submitted Senate Bill 1234 to require businesses with five or more...
Tribune Workers Have Retirement Savings Restored
February 24, 2012 (PLANSPONSOR.com) – The Tribune Co., GreatBanc Trust Co. and various insurance carriers completed funding a global settlement of $32 million for the Tribune Employee Stock...
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Wellesley College Partners with TIAA-CREF to Expand Investment Menu
February 24, 2012 (PLANSPONSOR.com) - Wellesley College and TIAA-CREF are working together to re-launch the school's retirement program by offering employees an expanded menu of investment options.
Payroll Tax Cut Extended, IRS Issues Revised Form
February 23, 2012 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut.
Defunct Company Ordered to Restore Retirement Plan Assets
February 23, 2012 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) obtained a summary judgment ordering Compass Capital Partners...
Benefits |
Mass. Retirement Board Suspends Pension for Lobbyist
February 23, 2012 (PLANSPONSOR.com) - The Massachusetts state retirement board voted to stop pension payments to lobbyist Richard W. McDonough.
Appellate Court Reopens Case Against State Street by GM Participants
February 23, 2012 (PLANSPONSOR.com) – The 6th U.S. Circuit Court of Appeals revived a stock drop lawsuit brought by General Motors retirement plan participants against State Street.
Benefits |
Canadian Baby Boomers Regret not Saving Earlier
February 23, 2012 (PLANSPONSOR.com) – Forty percent of Canadian Baby Boomers report they wish they had started saving for...
Benefits |
Majority of Young Adults Do not Invest in Retirement Accounts
February 23, 2012 (PLANSPONSOR.com) – Seventy-three percent of Americans ages 18-34 do not currently invest in retirement accounts such as a 401(k) or IRA.
Benefits |
Hiring Managers Reveal Unusual Behaviors During Job Interview Process
February 23, 2012 (PLANSPONSOR.com) – Hiring managers shared the biggest mistakes candidates make during the interview process.
Plan Sponsors to Face New Responsibilities Under 408(b)(2)
February 22, 2012 (PLANSPONSOR.com) – The Department of Labor's (DoL) final 408(b)(2) regulation will bring a slew of new responsibilities for plan sponsors.
Products |
Invesco Launches Two High-Beta ETFs
February 22, 2012 (PLANSPONSOR.com) - Invesco PowerShares Capital Management LLC announced the listing of two new ETFs that will provide investors with access to high-beta strategies covering emerging...
Lincoln Financial Names Stable Value Business Leader
February 22, 2012 (PLANSPONSOR.com) – Bill McLaren joined Lincoln Financial Group as Stable Value business leader for the company's Retirement Plan Services Product and Solutions Management team.
Benefits |
More Than Half of Small-Business Owners May Not Have Optimal Retirement Plans
February 22, 2012 (PLANSPONSOR.com) – Fifty-three percent of U.S. small-business owners many not have the retirement plan that best fits their needs.
Ford Announces Strategy to Reduce DB Plan Risk
February 22, 2012 (PLANSPONSOR.com) – Ford Motor Co. announced a long-term strategy to reduce the risk of its funded defined benefit (DB) plans.
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J.P. Morgan Enhances Stable Asset Income Fund
February 22, 2012 (PLANSPONSOR.com) – J.P. Morgan Asset Management has enhanced its pooled Stable Asset Income Fund (SAIF).
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The Standard Adds Fiduciary Services
February 21, 2012 (PLANSPONSOR.com) - Standard Retirement Services, Inc. has enhanced its core retirement plan services with new fiduciary protection services.
Calif. Local Pension Systems in Debt More than $130B
February 21, 2012 (PLANSPONSOR.com) – A report found California’s local independent pension systems are more in debt than other state systems.
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State Street Offers Guidance on Managing Pension Plan Risk
February 21, 2012 (PLANSPONSOR.com) - State Street Global Advisors (SSgA) says managing for a total outcome rather than focusing on the returns of individual strategies or asset classes...