Previously in Fund Action

• Evergreen Restates Values In Second Fund

  Evergreen Investment Management has restated values in another mutual fund and in a variable annuity as the Massachusetts Securities Division probes other funds at the firm. (The Wall Street Journal)

• Mercer Expands Health Admin Platform

  Mercer is expanding its health and benefits administration outsourcing platform to offer a standardized full outsourcing solution for clients with 5,000 to 10,000 employees.

• Some Investors Leave Assets In Old Plans

  One in three affluent investors has assets currently sitting in former employer retirement plans like 401(k), 403(b), and 457 plans, according to Cogent Research. (Street Insider)

• Nearly Half Americans Never Access 401(k) Info

  In spite of enjoying access to online 401(k) planning tools over many years, 48% of U.S. respondents had never accessed any general financial education, according to HSBC. (Plansponsor)

• Jacksonville Denies Merit-Based 401(k) Contributions

  Jacksonville city employees won't get merit-based raises or increases in their 401k contributions in the upcoming fiscal year. (Jacksonville Daily News)

• Most Retirement Assets In Employer-Sponsored Plans

  Around 65% of total U.S. retirement assets during 2008 were held in employer-sponsored retirement plans, according to the Investment Company Institute. (Plan Adviser)

• Standard Issue Selected As 403(b) Provider

  Standard Insurance Company has announced it has been selected by a consortium of 15 school districts in southeast Michigan to become their single 403(b) plan provider. (Plansponsor)

• Northern Trust Probed Over McGraw-Hill 401(k)

  The Keller Rohrback is probing Northern Trust over its securities lending program in The 401(k) Savings and profit sharing plan of the McGraw-Hill Companies. (Plansponsor)

• 401(k) Plan Employers, Workers Stay Committed

  While the economic downturn has impacted some aspects of employer and worker behavior in 401(k) plans both have remained committed, according to Charles Schwab.

• Van Eck Plans Gold ETF

  Van Eck Global has filed with the Securities and Exchange Commission for a new exchange-traded fund that will target small- and mid-cap gold and silver mining companies. (Yahoo! Finance)