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The DOL alleges that the company’s president influenced an appraiser’s valuation and the ESOP’s trustee didn’t do his due diligence before the stock purchase.

Confidence exists that insurers will come up with solutions to address the possibility that plan sponsors may at some point make provider changes.

Echoing a move last enacted during the Great Recession, the federal government is reportedly seeking to temporarily guarantee money market funds.

The Vault platform provides employers with three core offerings that can be made available to employees.

The judge rejected the defendants’ argument that the complaint cannot be based solely on the funds’ underperformance but must contain more specific allegations.

Motives behind keeping higher cost, underperforming funds in plan alleged in the lawsuit include providing seed money for Wells Fargo to launch new fund products.

Allowing a cure period for plan loans may help preserve participants’ retirement savings and meet plan sponsors’ fiduciary responsibilities.

States and insurers have done so for fully insured plans, and self-insured employers should follow suit.

The lawsuit was previously dismissed because the alleged breach of fiduciary duty involved the amendment of plan benefits, which is a settlor, not a fiduciary, function; a judge...

Underlying investments in funds using BOK’s CIT structure, as well as the use of BOK’s proprietary money market fund, are called into question.

DC plan sponsors have several items in their toolbox to help participants create a diversified portfolio that includes exposure to equities in line with their risk tolerance.

The action, in part, addresses the concern plan sponsors had about the ability to understand—and to communicate to participants—these complex products.

Case documents show Salesforce has actually changed some of the practices that are criticized in the complaint, but the plaintiffs argue that these changes were made too late.

The underlying lawsuit alleged that SunTrust Bank’s 401(k) plan engaged in corporate self-dealing at the expense of plan participants.

Vanguard estimates the cost savings to 403(b) participants in plans that offer CITs could amount to as much as $250 million per year.

iJoin creates managed account program, and Ameritas launches glide-path tool for employer-sponsored plans.

Among other things, items on the cumulative list include changes related to the Supreme Court DOMA ruling, hardship withdrawal changes and regulations for statutory hybrid plans.

The service will reduce administrative burdens for 401(k) and 403(b) plan sponsors.