Wells Fargo Stock Drop Suit Dismissed
A federal district court ruled the plaintiffs did not meet all the pleading standards set forth by the U.S. Supreme...
Tag: Fiduciary
Products |
Voya Extends Framework Retirement Program to Tax-Exempt Market
The mutual-fund based program also offers an in-plan retirement income option and access to 3(38) fiduciary services.
Essentia Health ERISA Suit Survives Motion to Dismiss
Participants allege the company should have allowed a single recordkeeper to service its traditional DC plan and its 403(b) plan—and...
Plaintiffs Target DST Systems and Ruane Advisory for Fiduciary Failures
According to plaintiffs, Ruane’s flagship fund, the Sequoia Fund, contained more than $25 billion in assets until the firm “engaged...
What 403(b) Plan Sponsors Can Learn From Recent Lawsuits
Steps can be taken to prevent a lawsuit, establish defenses if a lawsuit arises and buy fiduciary protection.
The TPA Landscape Is Changing
There have been a rash of third-party administrator (TPA) acquisitions recently, and TPAs are offering new services.
Most Participants Not Receiving Retirement Savings Advice
Of those who do seek retirement investments advice, financial advisers are the most utilized source, according to a survey by...
Fiduciary Rule Transition Period Extended by One Year
As the DOL lays out, the primary purpose of the proposed delay of full enforcement is to give the department...
BB&T Self-Dealing Suit Gets Class Certification
A court certified a class in the consolidated lawsuit after first rejecting BB&T’s arguments that the class did not meet...
Record Number of Plan Sponsors Eye an Adviser Switch
Fidelity reports that a record number of plan sponsors are actively looking to switch their plan advisers.
Court Moves Forward Few Claims in NYU 403(b) Plans Case
A federal court judge found most claims were not plausibly alleged by the plaintiffs.
Participant Challenges Prudential and Morningstar Allocation Solution
The lead plaintiff suggests the providers created an asset allocation solution designed to seed high-fee funds over lower-cost options—charges the...
District Court Permits Most of Plaintiff’s Case in ERISA Challenge
The underlying complaint challenges the process and motivation surrounding the termination of a group annuity contract.
Court Sides With Wilmington Trust on ESOP Challenge
A judge said the plaintiffs did not allege an injury because, although the purchase price of the stock was allegedly...
Sears Faces Another ERISA Lawsuit
A new stock drop complaint includes not only the Sears Holdings Savings Plan, but also the Sears Holdings Puerto Rico...
Survey Suggests Small-Balance Retirement Savers Hurt by Fiduciary Rule
FSR says, “access to investment services for investors with modest-sized and small account balances has been, and will continue to...
DOL Signals Extension of Fiduciary Rule Transition Period
Many retirement industry providers will be glad to see the DOL is starting to signal a delay in the applicability...
Participant Fails to Establish Class Status in Prudential Lawsuit
The denial of the class certification motion goes into some detail regarding what it takes to establish class standing under...
Target Prevails in ERISA Stock Drop Suit
The plaintiffs failed to meet pleading standards set forth in Fifth Third v. Dudenhoeffer, a court ruled.