The plaintiffs allege that the institution breached its fiduciary duty by choosing not to use forfeited funds to reduce plan expenses, even though contributions had already been offset.
The subscription service aims to assist retirement plan fiduciaries with choosing the retirement income options that best fit their participants’ needs.
Investors moved away from U.S. large-cap equities and into bonds in the year’s third quarter, particularly in September, according to Alight Solutions.
Common interest agreements between legal firms and the Department of Labor have attracted prior criticism but they are less likely to occur under the Trump administration.
IRS appoints Jarod Koopman acting chief tax compliance officer; TIAA hires Rob Crothers to lead business development; June Kim leaves CalSTRS, joins CalPERS; and more.