HELP Committee Hearing to Address Retirement Crisis
July 8, 2011 (PLANSPONSOR.com) - Senator Tom Harkin (D-Iowa), Chairman of the Senate Health, Education, Labor and Pensions Committee, will convene a hearing on July 12 at 2:30...
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Benefits |
PSNC 2011: Setting the Right Benchmarks
July 8, 2011 (PLANSPONSOR.com) - At the PLANSPONSOR National Conference in Chicago last month, panelists discussed what benchmarking means to them and what plan sponsors should consider when analyzing...
Pension Liabilities To Be Highlighted Under Proposed GASB Rules
July 8, 2011 (PLANSPONSOR.com) – The Governmental Accounting Standards Board has released proposed new accounting rules for public pension plans.
Symetra Hires Three Regional Sales Leaders
July 8, 2011 (PLANSPONSOR.com) - Symetra Life Insurance Company has hired three regional sales leaders: Christopher Koettker, Andrew McMillan, and Steve Mezei.
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Wells Fargo Acquires EDIFY
July 8, 2011 (PLANSPONSOR.com) - Wells Fargo Insurance Services has announced the acquisition of EDIFY, LLC, an employee benefits consulting firm based in Fort Lauderdale, Florida.
Fixed Income Funds Draw In Investors in May
July 8, 2011 (PLANSPONSOR.com) - Stock and bond funds experienced net inflows of $12.4 billion in May, according to Financial Research Corporation (FRC).
Pension Funded Status Declined 2% in Q2
July 8, 2011 (PLANSPONSOR.com) - The UBS Global Asset Management US Pension Fund Fitness Tracker found that the typical pension plan’s funding ratio decreased by slightly less than...
Wells Fargo Settles Pension Suit
July 8, 2011 (PLANSPONSOR.com) - Wells Fargo & Co. has agreed to pay $125 million to settle a class action suit led by a group...
Benefits |
PSNC 2011: Picking the Best Provider
July 8, 2011 (PLANSPONSOR.com) – Panelists at the recent PLANSPONSOR National Conference all agreed that before doing a search for a new retirement plan provider sponsors need to...
Benefits |
403(b) Plans Most Use TPAs for Recordkeeping
July 8, 2011 (PLANSPONSOR.com) - An analysis by The Principal Financial Group of respondents to PSCA’s 2011 403(b) Plan Design Survey who are serviced by a third party...
Benefits |
Cut to Tax Benefits Could Drive Workers to Exchanges
July 7, 2011 (PLANSPONSOR.com) – A new analysis from the nonpartisan Employee Benefit Research Institute (EBRI) finds that workers may prefer to enter insurance exchanges over keeping employment-based...
PSNC 2011: The “To” Versus “Through” Debate
July 7, 2011 (PLANSPONSOR.com) – Since the market downturn of 2008 there has been increasing debate on whether target-date funds should take retirement plan participants “to” retirement or...
Benefits |
Retaliation Most Frequent EEOC Complaint by Public Sector
July 7, 2011 (PLANSPONSOR.com) - Federal employees and applicants filed 17,583 complaints of employment discrimination during fiscal year 2010, a 3.75% increase over the previous year, according to...
Benefits |
Verizon Settles Suit over Inflexible Absence Policy for $20M
July 7, 2011 (PLANSPONSOR.com) - Telecommunications giant Verizon Communications will pay $20 million and provide significant equitable relief to resolve a nationwide class disability discrimination lawsuit filed by...
Products |
Principal to Acquire Majority Hold in Origin Asset Management
July 7, 2011 (PLANSPONSOR.com) - Principal Global Investors, LLC has announced a definitive agreement to acquire...
Products |
Japanese REIT Announces Asset Manager Merger
July 7, 2011 (PLANSPONSOR.com) – A Japanese office building real estate investment trust (J-REIT) has announced the merger of its asset management provider with other firms.
Fund Managers Making Changes to TDF Management
July 7, 2011 (PLANSPONSOR.com) - Callan’s 2011 Target Date Fund Survey: The Evolving Target Date Fund shows target date funds (TDFs) continue to evolve as managers evaluate their...
Groups Express Concern over New Pension Accounting Rules
July 7, 2011 (PLANSPONSOR.com) - In anticipation of the Governmental Accounting Standards Board (GASB) issuing its Exposure Drafts outlining new rules for how state and local governments account...
REITs See 10% Returns in First Half of 2011
July 7, 2011 (PLANSPONSOR.com) - U.S. REITs continued to outperform the broader equity market in the second quarter and the first half of 2011, according to NAREIT, the...
Howard Hassen Joins Echo Point
July 7, 2011 (PLANSPONSOR.com) - Echo Point Investment Management has announced the appointment of Howard Hassen as Consultant Relations Specialist.