Waddell & Reed Charged in 401(k) Self-Dealing Suit
The lawsuit claims fiduciaries of the Waddell & Reed 401(k) plan breached their fiduciary duties and engaged in prohibited transactions...
Tag: Fees
Washington University in St. Louis Faces Second 403(b) Lawsuit
The strongly worded complaint says the plan fiduciaries “utterly abdicated their fiduciary duties to act prudently and loyally” by turning...
Suit Challenging Voya’s Relationship With Financial Engines Dismissed
Voya Retirement Advisors was found not to be an ERISA fiduciary with respect to its compensation in an agreement with...
Court Rules for Putnam in Excessive Fee Suit
A district court ultimately found that since plaintiffs did not establish a case in which a particular fiduciary breach caused...
Washington University in St. Louis Faces 403(b) Plan Lawsuit
The lawsuit claims plan participants paid excessive investment and recordkeeping fees and alleges the plan’s loan program violated ERISA prohibited...
Smart Beta Seeks Next Generation TDFs
Asset managers are taking the next steps in TDF innovation and many are eyeing strategic beta for higher returns and...
Capital Group Faces Excessive Fee, Self-Dealing Suit
Capital Group is accused of selecting and retaining its own affiliated investments in its 401(k) plan to the benefit of...
PSNC 2017: Improving Your Plan Through the RFP Process
The time for evaluating a provider can also be opportune for revisiting services, fees and investment options.
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OneAmerica Rolls Out New Kind of Revenue Account
Created at the plan level, revenue accounts can be used to pay an advisor’s fee, without requiring deductions from participants’...
Clients Will See Changes in Managed Accounts Due to DOL Rule
Managed account providers are focused on platform consolidation and expect fees to decline.
Self-Dealing Suit Against Wells Fargo Dismissed
A U.S. District Court Judge agreed with Wells Fargo that allegations that the bank breached its fiduciary duty by continuing...
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Wells Fargo Advisors Focuses on T-Shares for Retirement Clients
The move to T-shares for retirement accounts is expected to help advisers and clients working with the brokerage firm meet...
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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.
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...
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...
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.
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Plan Health Not Just About Fees and Investments
Two providers have introduced retirement plan health measurement tools with different approaches.
Duke University 403(b) Plan Excessive Fee Suit Moves Forward
Claims moving forward regard excessive fees by using four recordkeepers and excessive fees by offering too many funds in the...
Participants Still Lack Understanding of Fee Disclosures
Years after the DOL required fee disclosures be made to retirement plan participants, participant awareness continues to lack, but improvements...
Plan Sponsor Opportunity as Asset Managers Shift
One study suggests asset managers sticking to old sales and service models will very quickly start to fall out of...