Tag: 401(k)

Products | August 17th, 2010

BB&T Offers FDIC-Insured Deposit Program to 401(k)s

August 17, 2010 (PLANSPONSOR.com) - BB&T has introduced a new FDIC-insured deposit program (IDP) to its 401(k) retirement plan sponsors...

Investing | August 16th, 2010

Participant Transfers in July Remain Fixed Income Oriented

August 16, 2010 (PLANSPONSOR.com) - Despite the market rally, the direction of the total transfers in July remained fixed income-oriented,...

Administration | August 13th, 2010

Law Firm Probes Drugmaker for 401(k) Missteps

August 13, 2010 (PLANSPONSOR.com) – A New York law firm is investigating whether fiduciaries of the GlaxoSmithKline 401(k) plan violated...

Compliance | August 6th, 2010

Parties Settle General Dynamics 401(k) Fee Case

August 6, 2010 (PLANSPONSOR.com) – General Dynamics Corporation and Fiduciary Asset Management (FAMCO) have agreed to a $15.1-million settlement of...

Benefits | August 3rd, 2010

PSNC 2010: Roth Accounts, not Just for the Highly Compensated

August 3, 2010 (PLANSPONSOR.com) – There has been a lot of talk since Roth 401(k)s and 403(b)s have been introduced...

Benefits | August 2nd, 2010

Mets Management Beaned by 401(k) Suit

August 2, 2010 (PLANSPONSOR.com) – The owner of the New York Mets has been sued for the role...

Benefits | July 26th, 2010

FedEx Ships Back Rest of 401(k) Match

July 26, 2010 (PLANSPONSOR.com) – With earnings per share for its fiscal first quarter expected to be up between...

Benefits | July 26th, 2010

Will Minnie and Mickey Mouse Move to a 401(k)?

July 26, 2010 (PLANSPONSOR.com) – With the company staring at a hike in pension and post-retirement medical costs of $270...

Compliance | July 19th, 2010

Blackout Notice Suit Allowed to Move Forward

July 19, 2010 (PLANSPONSOR.com) – A federal judge in Ohio ruled that a 401(k) profit-sharing plan and two participants can...

Benefits | July 19th, 2010

BofA Merrill Lynch Finds Participants Continue to Make Positive Savings Steps

July 19, 2010 (PLANSPONSOR.com) – Bank of America Merrill Lynch’s Quarterly Scorecard on activity within its proprietary 401(k) business finds...

Investing | July 6th, 2010

Participants’ Move to Fixed Income Slows

July 6, 2010 (PLANSPONSOR.com) - 401(k) participants transferred monies from equities into fixed income investments for the second consecutive month...

Benefits | June 30th, 2010

Majority of Large Employers Use Automatic Enrollment

June 30, 2010 (PLANSPONSOR.com) - A majority of large employers now automatically enroll workers into their 401(k) plans, according to...

Compliance | June 23rd, 2010

360 Sponsors at least Partly Done on IRS 401(k) Survey

June 23, 2010 (PLANSPONSOR.com) – Some 360 of the 1,200 plan sponsor receiving the 401(k) Compliance Check Questionnaire had at...

Products | June 10th, 2010

MassMutual Selected to Serve MI Health Organization’s Plans

June 10, 2010 (PLANSPONSOR.com) - MassMutual's Retirement Services Division has been selected by McLaren Health Care Corporation as the new...

Products | June 8th, 2010

Putnam Adds Asset Allocation Tool to Retirement Platform

June 8, 2010 (PLANSPONSOR.com) – Putnam Investments has added an asset allocation application to its Lifetime Income Analysis Tool, its...

Products | June 4th, 2010

SunTrust Adds Guaranteed Income Option to 401(k) Offering

June 4, 2010 (PLANSPONSOR.com) –SunTrust Banks has added a guaranteed lifetime income investment option, ClearCourse, to its institutional 401(k) investment...

Benefits | June 3rd, 2010

Data Indicates 401(k) Plan Sponsors on the Move for New Providers

June 3, 2010 (PLANSPONSOR.com) – New data from LIMRA finds that, continuing the trend since the third quarter of 2008,...

Benefits | June 3rd, 2010

Insurance Broker Decries 401(k) Disability Policy Uncertainty

June 3, 2010 (PLANSPONSOR.com) – A Danbury, Connecticut, insurance broker says the U.S. Treasury Department has “effectively” done away with...

Compliance | June 3rd, 2010

Employer not Obligated to Make Discretionary 401(k) Match

June 3, 2010 (PLANSPONSOR.com) – A federal judge in Washington, D.C. has thrown out a lawsuit by a 401(k) participant...

Benefits | June 2nd, 2010

AARP Finds Most Employers not Embracing Auto Enrollment

June 2, 2010 (PLANSPONSOR.com) – A new survey from AARP finds that the vast majority (94%) of employers report that...