The Andersons MAUMEE, Ohio - The Andersons Inc. hired Sky Trust as global custodian for its $24 million pension plan, said Linda Lager, benefits administrator. Sky Trust replaces Key Bank, the plan's longtime custodian, because Sky Trust already h The Andersons ...
Atlas Material CHICAGO - Atlas Material Testing Technology added the Dodge & Cox Stock Fund as an option in its $13.5 million profit-sharing plan with 401k feature, said Bob Till, general manager, human resources. The plan dropped the Scudde Atlas Material ...
STAMFORD, Conn. -- Thomson Corp. has almost doubled the investment options in its $1.2 billion 401k plans, trying to steer participants away from an inadvertent growth bias. Each of the company's 12 401k plans has the same `investment options STAMFORD, Conn. --...
Byline: tom fredrickson After careful deliberation, Information Builders recently took action in response to the mutual fund trading scandals: It blocked its employees from investing in a tainted fund. The Manhattan-based software developer stop Byline: tom fredrickson After...
DOVER, Del. - The Delaware State Deferred Compensation Program is adding three equity mutual funds, said Susan McNamara, financial programs manager. The new funds will replace the Babson Growth, Franklin Mutual Shares and Janus Worldwide funds, al DOVER, Del. - The Delaware State...
CalSTRS considers creating 457 plan SACRAMENTO, Calif. - CalSTRS is looking into forming a 457 plan, said Sherry Reser, public information officer. Officials at the $100 billion California State Teachers' Retirement System are considering alternat CalSTRS considers creating 457 plan ...
They're big. They're bad. Really, really bad. The Standard & Poor's 500-stock index has lagged behind the average money market fund in the past decade, but these five funds have fared far worse than other comparable funds for the past 10 years. Amazingly, they still have billions in...
BOSTON -- A study of advisors whose business is largely focused on the retirement marketplace reveals that auto-enrollment - allowing employers to automatically enroll workers in the retirement plan and requiring participants to specifically opt out if they prefer not to participate, and auto-escalation - allowing employees to automatically increase...
Byline: Jenna Gottlieb BOSTON - As more 401k plan executives adopt automatic enrollment, following its endorsement by the Pension Protection Act, Putnam Investments wants to help plan sponsors understand the different fiduciary risks associated with adding asset allocation funds as the default option....
WASHINGTON -- The Federal Retirement Thrift Investment Board today announced that Gregory T. Long has joined the Agency which administers the Thrift Savings Plan TSP for Federal employees. He serves as the Director of Product Development. Before joining the TSP, Long spent seven years with CitiStreet where he...
Byline: Joel Chernoff NEW YORK - The money management industry is undergoing its biggest restructuring since the introduction of 401k plans 25 years ago, according to a new study from Putnam Lovell NBF Securities Inc. What's more, the deals are getting bigger,...
Byline: Rick Miller CHICAGO - When it comes to helping Americans save more for retirement, the defined contribution industry has been too focused on investment returns rather than on what matters most: increasing 401k contribution rates, according to a new study by...
BOSTON -- Putnam Investments-- What: While most people are concerned about retirement, recent industry reports show that they significantly underestimate how much money they will need for it. According to a 2004 ...
A defined-contribution retirement plan like a 401k should offer its participants well-managed, low-cost mutual funds they can depend on for years to come. Most 401k participants want broad diversification that will tone down the effects of sell-offs yet provide exposure to rallies. They also want funds that are easy to...
Byline: Phyllis Feinberg Defined contribution plan sponsors are "missing the forest for the trees'' in running their plans, according to Jeffrey Saef, director of investment strategy and research for Putnam Investments, Boston. "Defined contribution plan sponsors spend a lot of time...
WALTHAM, Mass. & BRENTWOOD, Tenn. -- GoldK and The Retirement Plan Company, both leading benefit process outsourcers for smaller- to medium-sized employer-sponsored retirement plans, announced that they have merged operations. The combined firm will continue to provide employers, consultants, TPAs and financial advisors with low-cost, "high-touch" 401k and retirement plan...
Business Editors CONCORD, Mass.--BUSINESS WIRE--May 11, 2004 "401k plan sponsors with assets between $5 million and $50 million are holding a winning hand these days," says Dan Cassidy, President of Argus Consulting Ltd., a leading employee benefits consulting service. With Putnam, MFS, Janus, and...
BOSTON - Houghton Mifflin Co. added the Dodge & Cox Stock, Calamos Growth and William Blair International Growth funds as investment options in its 401k plan, said Kate Morris, senior benefits administrator. The plan dropped the Putnam Fund for Growth and Income, New ...
Articles 2004-04-19
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