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New York City mayor calls for creating private-sector retirement plan

New York City Mayor Bill de Blasio said he will present legislation to the New York City Council that would create a retirement plan for workers in businesses whose employers lack a retirement plan.

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Don't kill private-sector ideas

The new interest in creating ways for more employees to build retirement accounts comes too late for many of the baby-boom generation in the private sector, but might be just in time for the echo-boom...

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SEC proposal could alter use of mutual funds in DC plans

Proposed SEC regulations that would require mutual funds to have a minimum cash cushion and liquidity risk management programs in place could have a broad impact on retirement plans, sources said.

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Target-date assets up thanks to default option status

The surge into target-date funds continues, with assets allocated to those funds occupying an ever bigger share of defined contribution plans.

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P&I 1,000 across the country: 2016

See a map showing where the assets of the largest retirement plans are across the U.S.

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P&I 1,000 by the numbers: 2016

An interactive infographic of the P&I 1000 largest retirement plans.

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Medtronic goes with Aon Hewitt as new 401(k) plan administrator

Medtronic Inc. Savings and Investment Plan hired Aon Hewitt as administrator of the $5.9 billion 401(k) plan.

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North Dakota DC plans add Vanguard bond index fund

North Dakota Public Employees Retirement System added the Vanguard Total Bond Market Index Fund to the lineup of its $27 million 401(a) plan and $74 million 457 companion plan.

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Illinois State Board seeking consultant for 457 plan

Illinois State Board of Investment is searching for an investment consultant for the $4.1 billion Illinois State Employees' 457 Deferred Compensation Plan.

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P&I 1,000 largest retirement plans: 2016

See the largest retirement plans in each category.

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Los Angeles City Deferred Compensation scouting for third-party administrator

Los Angeles City Deferred Compensation Plan is searching for a third-party administrator.

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California air quality district searching for consultant for 457 plan

South Coast Air Quality Management District, Diamond Bar, Calif., is searching for a plan consultant for its approximately $136 million 457 plan.

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Plano, Texas, rehires DB custodian, 457 plan record keeper

Plano (Texas) Retirement Security Plan rehired Frost Bank as custodian/trustee.

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American Red Cross strengthens operations, governance

Jane A. Western and Carol Lindsey joined the investment staff of American Red Cross.

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DeLand, Fla., looking for first consultant for its 2 DC plans

DeLand, Fla., is searching for its first investment consultant for its 401(a) and 457 plans.

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Obama proposes curbs to retirement-savings tax incentives for wealthy, heirs

President Barack Obama has returned to a familiar soundtrack when it comes to curbing tax incentives for retirement savings, and interest groups want to limit its air play on Capitol Hill.

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Missouri re-enrolls Ascensus as 529 plan manager

Missouri State Treasurer's Office rehired Ascensus as program manager for the Missouri Higher Education Savings Program

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Iowa treasurer proposes state-sponsored retirement plan for private sector

Iowa could set up a state-managed retirement plan for private-sector employees without access to employer-sponsored retirement savings plans, state Treasurer Michael L. Fitzgerald announced.

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Financial Engines garners largest share in managed account market

Financial Engines was the managed account provider for 28% of plan sponsors in the Pensions & Investments Top 200 plan universe.

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Montgomery County Public Schools seeks investment consultant for DC plans

Montgomery County Public Schools is looking for an investment consultant for its 403(b) and 457(b) defined contribution plans.

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