PLANSPONSOR Weekend Newsdash
Week ending May 26th, 2017
Hello PLANSPONSOR readers! Retirement plan excessive fee litigation shows no end in sight; two more excessive fee suits were filed against universities this week. However, a new application aims to help plan sponsors negotiate better fees, and two reports show mutual fund expenses are trending downward. Enjoy this edition of PLANSPONSOR Weekend, and have a very happy long weekend!
Editor's choice
Compliance
Participants Sue Princeton Trustees for ERISA Breaches
The plan sponsor is accused of failing to leverage its size and sophistication to ensure a fair deal on recordkeeping for plan participants, among other claims.Read more >
Compliance
University of Chicago Faces Excessive Fee Lawsuit
The university is accused of not negotiating a better price for recordkeeping and retaining high cost, underperforming investments, among other things.Read more >
Products
Application Aims to Give Plan Sponsors Fee Negotiating Power
Josh Itzoe from Greenspring Wealth Management says FeeMetri(k)s’ goal is to make retirement plan sponsors fee experts in five minutes.Read more >
Investing
Mutual Fund Expenses Continue Downward Trend
There was a decline in expense ratios for actively managed and index equity and bond mutual funds, ICI data shows.Read more >
Investing
Morningstar Reports Record Low in Fund Fees
The demand for low-cost passive funds is driving a downward trend in fees for mutual funds and ETFs, according to research by Morningstar.Read more >
Share the news with a friend! Pass PLANSPONSOR Weekend along—and tell your friends/associates they can sign up for their own copy.Read more >
MOST POPULAR STORIES
Democrats Take Control of the Senate: What Does That Mean for Your Retirement Plan?

Syed Nishat, with Wall Street Alliance Group, discusses potential effects on retirement plans if President Joe Biden is able to move forward his legislative agenda.

The Value of Having a Retirement Plan Committee Charter
While not required by ERISA, attorneys say a committee charter is a best practice that can help a plan run more smoothly—and help fiduciaries avoid litigation and penalties.
2020 Recordkeeping Survey
Takeda Pharmaceuticals Faces ERISA Lawsuit Over TDF Suite in 401(k) Plan

The lawsuit says the target-date funds were selected for the plan despite having no performance history and, when they continued to underperform, they were not replaced with better options.

Pandemic Puts More Households at Risk in Retirement

The Center for Retirement Research says half of American households are at risk of not being able to live at pre-retirement standards of living in retirement.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: advertise@strategic-i.com

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