Administration

Administration | March 29th, 2011

Record Employer Contributions Lead to Pension Funding Improvement

March 29, 2011 (PLANSPONSOR.com) - The Milliman 100 companies contributed a record $59.4 billion to their defined benefit pension plans in 2010, producing an improvement in funded status...

Administration | March 28th, 2011

Strong Stewardship Practices Lead to Fund Success

March 28, 2011 (PLANSPONSOR.com) – Morningstar’s 2011 Mutual Fund Stewardship Grade research study concluded that funds with high Stewardship Grades are very likely to survive in the long-term...

Administration | March 28th, 2011

Is BlackRock Really a Bank?

March 28, 2011 (PLANSPONSOR.com) – Republicans in the New York state Senate have put forward a proposal to reclassify BlackRock for tax purposes and allow the financial services giant...

Administration | March 28th, 2011

PA System Wants Expedited Review of Pittsburgh Plan’s Funding

March 28, 2011 (PLANSPONSOR.com) – Under state law, the Pennsylvania Municipal Retirement System will take over municipal retirement systems with less than 50% of the assets needed to...

Administration | March 28th, 2011

TN County Wrestling with $28M for Two Closed Plans

March 28, 2011 (PLANSPONSOR.com) – Knox County, Tennessee, has $28.3 million in unfunded pension liabilities for two closed defined benefit plans – even with a $15.75 million pension...

Administration | March 28th, 2011

Pension Funds to Lead Lawsuit against Goldman Sachs

March 28, 2011 (PLANSPONSOR.com) - A federal judge named three pension funds as co-lead plaintiffs in an investor lawsuit against Goldman Sachs Group Inc.

Administration | March 25th, 2011

New Regs May Warrant Reconsidering Cash Balance

March 25, 2011 (PLANSPONSOR.com) – The adoption of new cash balance plans had slowed to a trickle since the passage of the Pension Protection Act of 2006 (PPA’06)...

Administration | March 25th, 2011

ICI: 2010 Fund Fees Declined

March 25, 2011 (PLANSPONSOR.com) – Average fees and expenses incurred by investors in long-term mutual funds declined in 2010, according to a new study.

Administration | March 25th, 2011

NJ Moving Forward with Taking Alternatives Position

March 25, 2011 (PLANSPONSOR.com) – The New Jersey State Investment Council has approved moving forward with an asset allocation plan that would put up to 38% of the...

Administration | March 24th, 2011

Investment Industry Roles to Change from Dodd-Frank

March 24, 2011 (PLANSPONSOR.com) - Financial Research Corporation (FRC) foresees significant changes in the core roles, responsibilities, and services provided by brokers, advisers, asset managers, and others in...

Administration | March 23rd, 2011

Institutional Investors Looking for Stability in Asset Managers

March 23, 2011 (PLANSPONSOR.com) - According to Cogent Research, gaining assets from institutional investors is no longer a performance-only game.

Administration | March 22nd, 2011

CFOs Cite Time Management as Biggest Work Challenge

March 22, 2011 (PLANSPONSOR.com) - According to a new Robert Half Management Resources survey, more than one-third (38%) of chief financial officers interviewed cited time management due to...

Administration | March 21st, 2011

Sun Trust Served with 401(k) Suit

March 21, 2011 (PLANSPONSOR,com) – A retiree has sued Sun Trust Banks, alleging that it favored investment plans operated by SunTrust or its subsidiaries that...

Administration | March 18th, 2011

Lawsuit Filed over Wrongdoing in CalPERS Pharmacy Contract

March 18, 2011 (PLANSPONSOR.com) - A new lawsuit claims California state workers and others were forced to pay higher charges for prescription medicines as a result of alleged...

Administration | March 17th, 2011

CalPERS Board Approves 7.75% Discount Rate

March 17, 2011 (PLANSPONSOR.com) - The board of the California Public Employees’ Retirement System on Wednesday voted to maintain its 7.75% discount rate.

Administration | March 17th, 2011

San Diego Fund Beats its Benchmark

March 17, 2011 (PLANSPONSOR.com) – The portfolio of the San Diego County Employees Retirement Association (SDCERA) for the 2010 Calendar year outpaced its benchmark by 1.17%, generating a...

Administration | March 15th, 2011

CalPERS Keeps Discount Rate Steady

March 15, 2011 (PLANSPONSOR.com) – The Benefits and Program Administration Committee of the California Public Employees’ Retirement System (CalPERS) Board of Administration has recommended the fund keep its...

Administration | March 15th, 2011

CalPERS Announces New Asset Allocation for OPEB Funding

March 15, 2011 (PLANSPONSOR.com) - The Investment Committee of the California Public Employees’ Retirement System (CalPERS) has approved a new asset allocation model for the California Employers’ Retiree...

Administration | March 15th, 2011

“Special Review” Outlines Private Placement Problems at CalPERS

March 15, 2011 (PLANSPONSOR.com) – The nation’s largest public pension plan has published the results of an investigation of practices at the fund, both by...

Administration | March 15th, 2011

Retirement Income a Higher Priority for Financial Services Firms

March 15, 2011 (PLANSPONSOR.com) - New research from Hearts & Wallets, LLC finds three quarters of resources of financial services firms, including budget and management attention, is devoted...