More lawsuits have been filed against retirement plan providers accusing them of self-dealing and getting kickbacks from advice providers. Bruce Ashton, partner at Drinker, Biddle and Reath LLP, shared his thoughts about what the outcome of the presidential election could mean for the employee benefits industry. And, our editor-in-chief, Alison Cooke Mintzer, discusses why recent excessive fee suits against 403(b) plans cannot be viewed the same as suits against 401(k)s. Enjoy this edition of PLANSPONSOR Weekend.
A retirement plan participant accuses a well-known plan provider of delivering “no material services” in connection with certain advisory fees.Read more >
The complaint cites portions of key Northrop Grumman plan documents, challenging the process by which the company assembled and monitored both the administrative and investment committees.Read more >
Bruce Ashton, partner at Drinker, Biddle and Reath LLP, shared his thoughts at the 2016 PLANADVISER National Conference about what the outcome of the presidential election could mean for the employee benefits industry.Read more >
The recent law suits against 403(b) plans seem to argue that they should be mirrors of 401(k) plans—but anyone who works with 403(b)s knows that is not the case.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
