Similar to the plethora of ERISA excessive fee fiduciary breach lawsuits that have been filed in recent years, this one suggests the plan failed to use its bargaining...
The main reason target-risk gave way to target-date is not that target-risk strategies are inherently inferior; instead, target-date funds have benefited from the added perceived simplicity.
The trustee embezzled approximately $186,123.93 from the plan, as well as knowingly and willingly failed to file a required annual report for the CMG pension plan.
Plan sponsors should understand the components of administration, the interplay of providers and on what duties sources say sponsors are falling behind.
In a comparison of the average costs of two 401(k) plans with the same total assets, data from the most recent 401k Averages Book showed plans with larger...
“Defendant has not acted in the best interest of the plan and its participants,” the complaint states. “Instead, defendant used the plan—one of the largest 401(k) plans in...
A report from Stanford University and Harvard Business School researchers provides food for thought about fee negotiations with private equity investment providers.
Former Pentegra SVP launches expert firm focused on group retirement plans; OneAmerica names senior director of participant experience; Barber rejoins Franklin Templeton to head municipal bond team; and...
A non-monetary component of the settlement requires Oracle to instruct its 401(k) plan recordkeeper to not solicit participants for cross-selling products and services.
Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling in Intel vs. Sulyma.
Though large, the market volatility caused by the coronavirus is no different than those from other events, and some analysts say the market was headed for a correction...
Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan sponsors face in fiduciary breach lawsuits.