New Trends in ERISA Litigation Appeared in 2016
ERISA lawsuits against retirement plans in 2016 have included new allegations not seen before and have spread to target different...
Tag: Fiduciary
Starwood Hotels Accused of Multiple Fiduciary Failures
Excessive fees, revenue-sharing, lack of a stable value fund and failing to follow fund selection for participants are among accusations...
A Review of How the Fiduciary Rule Could Affect Retirement Plan Sponsors
The fiduciary rule has shaken up the advisory space, but plan sponsors also need to know what’s in the rule...
Mercer Suggests Areas for DC Plan Review
Plan design, investments, fees, financial wellness and the DOL’s fiduciary rule are all things defined contribution plan sponsors should consider...
403(b) Plan Sponsors Taking Action to Prepare for Fiduciary Rule
While 59% are making no changes, others are re-evaluating adviser choices, reviewing investment lineups and reviewing plan governance structure.
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Segal Group Publishes Calendars to Highlight Requirements and Disclosures
Both calendars track vital compliance deadlines for plan sponsors and can be viewed via interactive webpages, apps and PDFs.
DOL Asked to Cease Implementation of Fiduciary Rule
Senator Ron Johnson asked Labor Secretary Tom Perez to cease implementation of a rule “that will very likely be rescinded.”
DC Plans Use Passive Investments for Fiduciary Ease
“If they are choosing a passive investment option simply because it is less work for them, this is not in...
403(b) Plan Participant Files Suit Over Voya Stable Value Funds
The suit claims Voya collects hundreds of millions of dollars annually in undisclosed compensation.
Court Allows Restatement of Claims Against Stable Value Fund Provider
A federal judge found that that New York Life provided documentation showing there was no spread between the internal rate...
Advisers’ Responsibilities to Plan Sponsors Extend Beyond Investments
With increased litigation, a new fiduciary rule and a new presidential administration, retirement plan sponsors should evaluate the services provided...
Wells Fargo 401(k) Suit Challenges Use of Proprietary TDFs
The lawsuit accuses the bank of using an "easy enroll" feature to funnel funds into its TDFs, which it says...
Another Plan Challenged for Offering Sequoia Fund
The lawsuit alleges the Sequoia Fund was an imprudent investment for the retirement plan because of its high concentration in...
Court Dismisses Retirement Plan Suit Against Disney
A participant in Disney’s retirement plan alleged that fiduciaries should have dropped a fund from the plan investment menu because...
DC Retirement Plan Committees Face Tough Choices
Many committees do not have the expertise to select investments and should use outside help, SEI says.
Court Holds Hearing on Chamber Fiduciary Rule Lawsuit
Plaintiffs discuss First Amendment and lack of studies into annuities and conflicted advice.
Edward Jones Sued for Second Time over Alleged Fiduciary Failures
Plaintiffs allege that Edward Jones and its officials breached their fiduciary duties failing to prudently and loyally manage the company's...
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PSCA Offers Plan Sponsor Education About Third-Party Fiduciaries
Topics discussed include how often plan sponsors should review their third-party fiduciaries.
Fee Arrangement Between Providers Questioned in ERISA Suit
Participants in three Ford Motor Company retirement plans suggest their adviser and recordkeeper are permitting excessive fees to be charged...
Technology Will Not Replace Human Advisers
Cerulli sees robo-advisers as a tool to enhance adviser-client relationships.