Tag: Fees

Per participant or asset-based? Each approach has its merits, but is one preferable under the Employee Retirement Income Security Act’s...

The judge determined that the plaintiffs’ allegations sufficiently suggest the prospect that a fiduciary breach occurred, and as a result...

The complaint suggests defendants “larded the plan with excessively expensive sub-advised accounts” that paid excessive fees to the recordkeeper John...

The ultimate impact of President Trump’s new executive order is likely to be more symbolic than substantive when it comes...

Fidelity faces a third lawsuit alleging the company collects “secret kickback payments” from mutual fund providers on its recordkeeping platform—claims...

The appellate court decision tests ERISA’s restrictions on transactions between fiduciaries and non-fiduciary third parties, referred to as “parties in...

The plan sponsor was previously ordered to make reforms such as using lower-cost share classes and conducting an open recordkeeping...

The defense benefited strongly from the fact that expert witness testimony given in favor of plaintiffs was rejected by the...

A district court in California has issued a mixed ruling in a self-dealing lawsuit filed against Schwab Retirement Plan Services...

The district court had several times ruled against the firm in summary dismissal and discovery decisions—but the firm has prevailed...

Three Mayer Brown ERISA attorneys discuss the current litigation landscape and offer practical strategies for promoting compliance in 2019. 

Both parties agreed to dismiss the litigation under Federal Rule of Civil Procedure 41(a), and each party will bear its...

The colorfully worded opinion chides plaintiffs for failing to acknowledge the unique character of 403(b) retirement plans—including their common use...

In his opinion, the district court judge says an ERISA complaint of this nature does not need to describe in...

Some 83,000 lawsuits have been filed under the Employee Retirement Income Security Act (ERISA) in federal district court since 2009,...

They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.

Experts at the Best of PSNC 2018 event in Boston reviewed plan sponsors’ use of different fund types and fee...

And a majority, 65%, say it is tougher now to get ahead financially than it was before the financial crisis,...

The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to...

The court granted the Principal defendants’ motion for summary judgment on all counts in a case questioning guaranteed investment contract...