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A plan sponsor finds new provider options
T. Rowe CIO to Retire; Voya Hires VP of ESG; Morningstar Appoints Two New Leaders in Tech; and more.
An NEPC survey finds 82% of DC plans have re-contracted their recordkeeping fees since 2013.
The plan helps private colleges and universities simplify plan administration, manage fiduciary responsibilities, take advantage of expert plan management, and receive economies of scale in administrative and investment pricing.
TIAA customers can create a “voiceprint” to securely identify themselves when they call to speak to a representative, transfer funds or check their account balances.
The lawsuit also calls out excessive revenue-sharing and recordkeeping fees.
Clients of Vertical Management Systems can now access investment products and tools from Mid Atlantic Trust Company.
This is the second lawsuit filed against Columbia University this week.
Attorneys point out distinctions between 403(b)s and 401(k)s, and lessons 403(b) plan sponsors can learn from recent lawsuits.
The lawsuit claims the university’s 403(b) plans’ investment options were imprudent and expensive.