Deals and People February 21, 2017

PLANSPONSOR Announces 2017 Best in Class 401(k) Plans

Plans were rated by way of a proprietary system that weighted usage/implementation of more than 30 criteria related to plan design, oversight/governance and participant outcomes.
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PLANSPONSOR is pleased to announce the third “class” of companies winning the Best in Class 401(k) Plan designation.

Recipients of the 2017 designation were selected from the 3,381 401(k) plans that responded to the 2016 PLANSPONSOR Defined Contribution (DC) Survey. There are 34 winners this year.

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The winners are:

  • Ameren – St. Louis, Missouri
  • American Financial Group, Inc. – Cincinnati, Ohio
  • Ansell Healthcare – Iselin, New Jersey
  • Airline Tariff Publishing Company – Dulles, Virginia
  • BAE Systems – Arlington, Virginia
  • BNY Mellon – New York, New York
  • Boston Scientific – Marlborough, Massachusetts
  • CHS Inc – Inver Grove Heights, Minnesota
  • Citigroup, Inc – New York, New York
  • Explorer Pipeline – Tulsa, Oklahoma
  • ICMA-RC – Washington, D.C.
  • Johnson & Wales University – Providence, Rhode Island
  • Karsten Manufacturing Corporation – Phoenix, Arizona
  • Marshall Wace North America L.P. – New York, New York
  • Molson Coors Brewing Company – Denver, Colorado
  • Musco Corporation – Oskaloosa, Iowa
  • National Grid – Waltham, Massachusetts
  • Noble Energy, Inc. – Houston, Texas
  • North American Stainless – Ghent, Kentucky
  • O.C. Tanner Company – Salt Lake City, Utah
  • Otten Johnson Robinson Neff + Ragonetti – Denver, Colorado
  • Regency Centers – Jacksonville, Florida
  • Sandia National Laboratories – Albuquerque, New Mexico
  • SEMCO Energy – Port Huron, Michigan
  • Southwest Airlines Pilot Association (SWAPA) – Dallas, Texas
  • Tesoro Corporation – San Antonio, Texas
  • Texas Guaranteed Student Loan Corporation – Round Rock, Texas
  • The Beck Group – Dallas, Texas
  • The Hershey Company – Hershey, Pennsylvania
  • The SSI Group, LLC – Mobile, Alabama
  • United Technologies Corporation – Farmington, Connecticut
  • Veridian Credit Union – Cedar Falls, Iowa
  • Vermeer Corporation – Pella, Iowa
  • The Western Union Company – Englewood, Colorado

Winners will be honored at the 2017 PLANSPONSOR/PLANADVISER Awards for Excellence Dinner on March 30, 2017, at the Chelsea Piers, in New York City. 

    Compliance February 21, 2017

    DOL Hosting Fiduciary Responsibilities Webcast Series

    The webcast series will help employers and service providers understand how the fiduciary responsibility provisions of ERISA apply to employer-sponsored retirement and health plans.
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    To help increase awareness and understanding about basic fiduciary responsibilities when operating a retirement or health benefit plan, the Department of Labor is presenting the Getting It Right – Know Your Fiduciary Responsibilities webcast series.

    The webcast series will help employers and service providers understand how the fiduciary responsibility provisions of the Employee Retirement Income Security Act (ERISA) apply to employer-sponsored retirement and health plans, and provide information about how to avoid common problems in managing a plan.

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    Specifically, getting it right means understanding your plan and your responsibilities, carefully selecting and monitoring service providers, making contributions on time, providing appropriate disclosures to plan participants and filing annual reports to the government on time, and avoiding prohibited transactions.

    The webcast series is being presented in three sessions. Attendees can register for all sessions or for individual sessions. 

    March 14 at 2:00 p.m. EDT, speakers from the DOL will discuss basic fiduciary responsibilities when operating an employer-sponsored retirement plan and ERISA’s prohibited transactions provisions and exemptions.

    March 16 at 2:00 p.m. EDT, speakers will address ERISA’s reporting and disclosure provisions for employer-sponsored retirement plans and the Department of Labor’s voluntary correction programs for retirement plans.

    March 21 at 2:00 p.m. EDT, speakers will discuss basic fiduciary responsibilities when operating an employer-sponsored group health plan, ERISA’s reporting and disclosure provisions, and Qualified Medical Child Support Orders (QMCSOs).

    Links to register for each day may be found here.

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