 |
|
|
|
|
March 2nd, 2018 |
Georgetown University Latest Collegiate Target of ERISA LitigationA new Employee Retirement Income Security Act (ERISA) fiduciary breach lawsuit filed in the U.S. District Court for the District of Columbia names as defendants Georgetown University and several officials tasked with overseeing the university’s defined contribution (DC) retirement plans. Matching almost verbatim the charges filed previously against many large universities’ 403(b) retirement plans, plaintiffs here suggest that instead of leveraging the Georgetown plans’ substantial bargaining power to benefit participants and beneficiaries, defendants failed to adequately evaluate and monitor the plans’ expenses and caused the plans to pay unreasonable and excessive fees for investment and administrative services.Read more > |
|
|
ASK THE EXPERTS
|
|
|
|
Groom Law Group and Cammack
Retirement Group will field your
questions concerning 403(b) plans
and regulations. Email rebecca.moore@strategic-i.com with Subject
Ask the Experts
|
|
Social Security Sophistication Can Boost Employees’ Retirement OutlookA lack of sophisticated advice and support solutions for optimizing Social Security claiming decisions is holding employees back from achieving greater retirement security, warns Bill Meyer of Social Security Solutions, in Leawood, Kansas.Read more > | Millennials Need Help to Save Adequately for RetirementA report from the National Institute on Retirement Security shows that 66.2% of working Millennials have nothing saved for retirement.Read more > | Original Case Against NYU 403(b) Plans Going to TrialIn addition, a federal judge dismissed a third complaint against NYU—naming its adviser as a defendant—as a duplicative action.Read more > | Women Have Concerns About Retirement OutlookThe majority of women have a poor outlook on retirement, the Nationwide Retirement Institute found in a survey. A mere 25% expect life will be better in retirement. Their primary concerns are the continuation of Social Security and rising health care costs.Read more > | Arnerich Massena Publishes Latest in Retirement Plan Best Practices Series“Monitoring your investment menu managers, your plan providers, and plan fees is an important part of your overall fiduciary responsibility,” the firm’s latest white paper states.Read more > | Ryan Labs Releases Strategy for Corporate and Public PensionsRyan Labs Asset Management Inc. (Ryan Labs), a Sun Life Investment Management company, has announced the launch of their Defensive Risk Premia (DRP) strategy for corporate and public pension plans, as well as other institutional investors.Read more > | Break From the Grind: Tooth Fairy Cash Gifts Dropped in 2017While the Original Tooth Fairy Poll has typically served as a good indicator of the economy’s overall direction, tracking with the movement of Standard & Poor’s 500 index for 12 of the past 14 years, the latest poll shows the Tooth Fairy hasn’t quite been able to keep up with the market’s hot pace.Read more > |
|
|
|
|
|
|
