Tag: Fiduciary

Union Fund Hit With Excessive Fee Suit

Similar to many excessive fee lawsuits filed against single-employer plans, the complaint accuses a multiemployer plan of failing to leverage its bargaining power to obtain lower investment and recordkeeping fees.

Argument for Auto-Enroll Emergency Savings

The idea is relatively simple: workers who do not yet have emergency savings will be directed to first fund a short-term savings account reserved for emergencies, before funding their retirement account.