Tag: Fiduciary

The settlement also includes ‘meaningful non-monetary relief’ related to the ongoing management and administration of the company’s defined contribution plan.

A significant regulatory concern is that banks should not simply “rent their charters” to third-party registered investment advisers seeking to...

Attendees at the virtual conference learned about what it takes to operate a plan that complies with all regulatory responsibilities...

Experts discussed the types of outsourcing available to plan sponsors, from basic 3(16) administration services to full discretionary 3(38) investment...

The complaint suggests the plan should have been able to negotiate highly competitive rates for investment and administrative services but...

The Department of Labor says the fiduciary diverted tens of millions of dollars in plan assets for their own personal...

Barbara Roper, who is known for her extensive work on financial services consumer protections as a leader of the Consumer...

Retirement plan fiduciary breach lawsuits question the use of revenue sharing far more commonly than they criticize its absence.

The defense’s dismissal motion has been met with skepticism by the presiding district court.

The title of the regulation also suggests it will address the related but distinct issue of proxy voting advice and...

The plaintiffs in a new fiduciary breach lawsuit say they have been misled by a financial adviser into buying commission-based...

It’s important to assemble the right people with the right tools to make a retirement plan committee as efficient as...

Today’s recordkeepers, advisers and plan sponsors all view outsourcing as part and parcel of a retirement plan’s day-to-day operations.

ERISA attorneys advised plan sponsors to shore up their cybersecurity efforts and continue regular benchmarking work.

A district court has ruled that plaintiffs have raised sufficient factual questions to make preliminary dismissal of their challenge inappropriate—though...

CDI Corp. admits no wrongdoing in the settlement agreement, which closely resembles settlements reached in other excessive fee suits, apart...

The complaint seeks to tie alleged business challenges that were being experienced by Russell Investments with the choices made by...

The firm says it gives sponsors a way to document the fiduciary oversight process and provides assurances to senior management...

FUTUREADY401K features a professionally managed investment lineup and lets sponsors know how many employees are on track to reach their...

It sets forth questions an investor can ask potential advice providers and information to help them understand the purpose of...