Sponsor Faces Class Action Challenge Alleging Self-Dealing
The complaint cites portions of key Northrop Grumman plan documents, challenging the process by which the company assembled and monitored...
Tag: Fiduciary
NAGDCA Discusses Fiduciary Responsibilities for Government DC Plans
A brochure includes a checklist for government DC plan sponsors.
(b)lines Ask the Experts – Coverage Amount for Fiduciary Liability Insurance
“I know from a prior Ask the Experts column about the difference between a Fidelity Bond and Fiduciary liability coverage,...
Chevron Wins Dismissal of ERISA Challenge
An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has...
Sponsor Demand Dramatically Shapes Fund Fees
Institutional asset owners are increasingly skeptical of revenue sharing and are relentlessly pursuing lower fees within defined contribution plan investment...
Adviser Advocacy Group Backs Fiduciary Rule
Filing a “friend of the court” brief in support of the DOL’s new fiduciary rule, the Financial Planning Coalition argues...
Self-Dealing Suit Questions Investment Lineup Prudence
Similar to other self-dealing suits recently filed against well-known retirement plan providers, Edward Jones is accused of favoring its own...
SunTrust Stock-Drop Complaint Moves Forward Post-Dudenhoeffer
The case has an extensive procedural history and is one among a handful of lawsuits winning reconsideration after the Supreme...
EBSA Says Plan Consultant Mistreated Small Businesses
Improper asset transfers and process failures are at the heart of a complaint filed by EBSA on behalf of clients...
Discretionary Managers Can Reduce Sponsors' Fiduciary Risks
SEI recommends that retirement plan sponsors hire a discretionary investment manager who can provide greater fiduciary insulation and hire or...
Fidelity Survey Finds 401(k) Plan Sponsors Focused on Fiduciary Responsibilities
Plan sponsors are seeking retirement advisers who can consult on plan design and performance, with an all-time high of 86%...
Claims Survive Dismissal in Allianz Self-Dealing Suit
A district court’s decision allowing self-dealing accusations against Allianz to proceed offers some important points of consideration for plan officials,...
Products |
Partnership Helps Small Plan Sponsors Minimize Fiduciary Risk
Nationwide advisers can provide small plans with LPL’s 3(38) investment fiduciary service.
Duke University Employees Sue Over 403(b) Plan
The suit calls out the traditional 403(b) plan model of offering multiple funds, including individual annuities, and using multiple recordkeepers.
University DC Plans Latest Target of ERISA Complaints
It’s not just private, for-profit employers who are being accused of fiduciary breaches by ERISA litigators.
Tibble to Get En Banc Appellate Court Review
The 9th Circuit will review whether the plaintiff can raise an “ongoing-duty-to-monitor” argument in his retirement plan excessive fee suit.
Opinions |
Barry’s Pickings Online: A Chief Fee Officer?
Michael Barry, president of Plan Advisory Services Group, discusses how a Chief Fee Officer may help DC plans prevent or...
Consultant Off the Hook for Providing Wrong Benefit Estimate
A federal appellate court found the consultant was not acting as a plan fiduciary.
Products |
Penbridge Offers Guide to Selecting Annuity Buyout Provider
The white paper explains why a review of insurers’ administrative capabilities and practices is such a crucial part of fiduciaries’...
Index Fund Designation Questioned in Latest Self-Dealing Lawsuit
The fund had an annual costs of 35 bps per year in the plans being targeted by the latest self-dealing...