Edward Jones’ Attempt to Dismiss Self-Dealing Suit Denied
A federal judge denied defendants’ motions in part because the plaintiff’s complaint states viable claims.
Latest News
Benefits |
Few Employers Believe HDHPs Have Been Effective for Cost-Cutting
Employers are seeking new solutions for cost control, compliance and plan administration, a study finds.
DC Plans Making Fee-Focused Changes
Increase in recordkeeper search activity, movement to institutional fund structures, de-emphasizing revenue sharing and adoption of fee policy statements were found in a survey of DC plan sponsors.
First Mutltiemployer Plan to Make Benefit Cuts Under MPRA
Members of the Cleveland Iron Workers Local 17 Pension Fund voted by a 2 to 1 margin to approve the cuts.
Retirement Industry People Moves
Paychex adds LPL Financial’s Employee Advice Solution; Custodia Financial adds staff to Retirement Loan Eraser Program; Fiduciary Investment Advisors expands Retirement Practice; and more.
DOL Fiduciary Reform Effort Losing Steam
Advisers and service providers to defined contribution plans have spent millions of dollars pushing toward compliance with conflict of interest reforms that are now expected to be halted...
Advisers to Push for More ETF Use in DC Plans
With consumers every day becoming more fee conscious and mounting pressure from regulators and litigators, Cerulli finds that advisers “believe that lower-cost investment products translate to less business...
Self-Dealing Suit Challenges Fees and Fund Monitoring
An employee at JPMorgan Chase argues the firm's retirement plan fees were not properly controlled and that conflicts of interest damaged performance.
Generations at Different Stages of Retirement Planning
Although older Millennials feel most confident in their retirement preparedness, they are also planning big ticket spending, a survey finds.
Court Refuses to Decide Statutory Issues in EEOC Wellness Program Case
An appellate court said neither party in the case has a serious stake in its outcome anymore, so the statutory issues should be decided by a court in...
Products |
Investment Products and Services Launches
TIAA adds guaranteed income components to TDFs; Virtus launches Municipal Bond ETF; Alger revamps ESG fund; and more.
Legislators Introduce Bill to Repeal ACA Cadillac Tax
The American Benefits Council issued a letter of support for the bill.
Products |
LifeLock Offers Identity Theft Protection as Employee Benefit
LifeLock Benefit Elite monitors 401(k) accounts and other investment accounts to detect potential fraud before bringing it to the attention of participants via email, text or phone.
Fiduciary Ordered to Give Up Cars to Restore Plan Losses
A federal court found that no amount of judgements from previous decisions had been satisfied.
Report Offers Framework for Plan Sponsors to Address Cybersecurity
A 2016 ERISA Advisory Council report includes an appendix titled “Employee Benefit Plans: Considerations for Navigating Cybersecurity Risks.”
Council Makes Recommendations for Retirement Account Consolidation
The ERISA Advisory Council recognized in a report that there are several potential solutions to promote plan-to-plan transfers and retirement account consolidation.
State Retirement Plan Initiatives Have Added Bonus
A study found increased retirement savings among state citizens is correlated with reduced Medicaid expenditures.
Schwab Faces Excessive Fee, Self-Dealing Lawsuit
The lawsuit calls out Schwab’s use of its own proprietary funds as well as the use of unallocated plan cash.
Peering Through the Fiduciary Rule Uncertainty
A direct order from President Trump regarding the fiduciary rule could be forthcoming imminently, and that is likely what it would take for the fiduciary rulemaking to truly...
Funds Record Net Redemptions in December 2016
Passive funds led demand with $62.3 billion of inflows, while actively managed funds experienced aggregate net redemptions of $64 billion in December, Strategic Insight data shows.