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Macy’s Fiduciary Breach Suit Certified as Class Action
A lawsuit questioning Macy’s decision to continue offering company stock in its retirement plans following the acquisition of a troubled department store has won class action status.
Conner Joins USCA as Benefits Consulting Exec
U.S. Capital Advisors (USCA) has hired Lea Conner as a corporate retirement and benefits plan consultant.
PLANSPONSOR Announces 2011 Plan Sponsors of the Year
PLANSPONSOR today proudly announces the 2011 winners of its annual Plan Sponsor of the Year awards across five distinct workplace segments:
IMHO: “Conversation” Starters
There’s been a lot of talk coming from Washington of late about the need to have “an adult conversation” with the American people.
National Advisors Trust Reports Record Growth
National Advisors Trust's assets have gone from a low of $3.7 billion in March 2009, to $7.2 billion in March 2011.
401(k) March Toward Equities Continued in February
401(k) assets continued to shift toward equity investments in February, a trend that began last October, according to Aon Hewitt 401(k) Index data.
Making Social Media Work
A financial industry "insider" and a communications professional "outsider" gave actionable ideas on tackling a social media strategy at the ASPPA 401(k) Summit in Las Vegas.
Analysis of Investor Experience Puts U.S. on Top
Morningstar evaluated markets worldwide and found the U.S. and Singapore as the best for investors.
From Capital City to Sin City
At the ASPPA 401(k) Summit in Las Vegas this week, Brian Graff, CEO of ASPPA, and Greg Dean, General Counsel for the Senate Committee on Health, Education, Labor...
Securian Offers Suggestion for Social Security Tax Cut
Securian Financial Group has added its voice to the chorus of others urging employees to channel their Social Security tax savings received this year into their retirement plan...
Wake Up Call: Helping Young People Grapple with Retirement
Merrill Lynch hosted a Webcast this week called, “It’s Your Future: What Young Americans Need to Know About Retirement,” hosted by former ABC News anchor, Charles Gibson.
ERISA Attorney Joins Crowell & Moring
Crowell & Moring LLP has made Seth T. Perretta a partner for the firm's Corporate, Labor & Employment, and Health Care groups in the Washington, D.C. office.
ETF Inflows Driven by Demand for U.S. Equity ETFs
Strategic Insight, an Asset International company, estimates that investors added $6 billion to U.S. exchange-traded funds (ETFs) in February 2011, the sixth straight month of positive flows.
Mutual Fund Flows Show Continued Optimism
Despite uncertainty in the Middle East and North Africa, U.S. mutual fund net inflows in February gained $29 billion, according to Strategic Insight, an Asset International company.
DC Participants Followed Market in Q4 2010
Fourth quarter defined contribution (DC) participant transfer activity appeared to be driven by momentum market timing, according to the Callan DC Index.
Fidelity Launches Conservative Bond Fund
The Fidelity Conservative Income Bond Fund will invest primarily in a combination of money market and high quality, investment‐grade debt securities with short durations.
Proxy Voting Goes Mobile
Broadridge Financial Solutions Inc. announced that Mobile ProxyVote.com is live and compatible with mobile devices.
Luxury by the Hour
Once strictly a business model of less-than-luxurious motels, a growing number of luxury hotels are offering hourly rates.
DC Returns Beat DB Returns Following Recession
Towers Watson published a report analyzing investment rates of returns in defined benefit (DB) and defined contribution (DC) plans before and after the recession.
Ascensus Appoints VP in South Central Region
Ascensus named Peter Perdomo to Regional Vice President (RVP) of the South Central territory.