A federal judge found that the plaintiffs had sufficiently pleaded their claims in the suit alleging excessive retirement plan fees.
It sets forth questions an investor can ask potential advice providers and information to help them understand the purpose of each question.
The complaint suggests Allianz abandoned a hedging strategy that was the supposed cornerstone of an investment fund utilized by the Raytheon pension plan, resulting in unexpected losses.
The relief included in the latest stimulus program is a major win for stressed union pensions, but sources say there are some challenging hurdles yet to jump.
A federal judge found Principal’s ‘meticulous’ process for setting the GIC’s composite crediting rate protected the availability of the investment and was in the best interest of participants.
The agency plans to examine worker classifications, RMDs in large DB plans and participant loans, as well as do a compliance check about partial plan termination and partial...
The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might not reduce the withdrawal liability assessed on employers.
Among other things, the plaintiffs contend that prudent fiduciaries monitor and limit revenue sharing and make sure excessive indirect compensation is rebated to plan participants.
The case, which challenges the use of an actively managed TDF suite rather than its index version, will move forward.
A federal judge determined participant data is not considered plan assets, meaning Fidelity was not a fiduciary with regard to the claims.
More claims were moved forward for the investment consultant than for the plan sponsor.
The legislation changes the Internal Revenue Code so that more top earners’ compensation won’t be deductible.
Auditors might be reviewing more transactions and processes, and they’ll need more time to handle audits remotely.