Investing | April 25th, 2018 Charles Schwab Experts Debunk Passive TDF Myths A TDF may invest its assets into index-based securities that do not make tactical adjustments as the markets change—but the...
Compliance | April 25th, 2018 Judge Rules on DOL ESOP Challenge with Mixed Results The mixed decision comes after DOL moved for summary judgement; the defendants responded by moving to exclude key testimony from...
Compliance | April 12th, 2018 ERISA Fiduciary Breach Litigation Targets Home Depot, Financial Engines The text of the complaint includes substantial detail about the inner workings of the Home Depot retirement plan, and its...
Deals and People | April 10th, 2018 Fiduciary Governance Group Launched by Stradley Ronon The fiduciary governance group is designed to counsel investment committees and service providers, with a focus on avoiding and responding...
Compliance | March 22nd, 2018 Aon Hewitt Defeats ERISA Claims Regarding Financial Engines Partnership The central claim in the failed class action was that plaintiffs were forced to overpay significantly for advisory services; defendants...
Products | March 22nd, 2018 Matchmaker for 3(38) Fiduciary Services Talks Market Trends Curcio Webb serves as an independent intermediary helping plan sponsors select and monitor 3(38) advisers and outsourced chief investment officers;...
Compliance | March 21st, 2018 District Court Rejects Racketeering Claims Against Prudential, Morningstar A district court has ruled that the complaint “does not sufficiently plead that the defendants were engaged in the conduct...
Compliance | March 20th, 2018 Tough Process Questions Raised by Fifth Circuit Fiduciary Rule Decision To help ease the immediate concerns and confusion of clients, the law firm Stroock has published a helpful guide that dissects...
Compliance | March 19th, 2018 Circuit Courts’ Conflict on DOL Fiduciary Rule Could Persist The fact that two U.S. Circuit Courts of Appeals, the Fifth and the Tenth, have issued conflicting rulings about the propriety of...
Compliance | March 16th, 2018 Circuit Court Ruling to Vacate DOL Fiduciary Extends Regulatory Uncertainty In issuing a strong ruling to vacate the DOL fiduciary rule expansion, the Fifth U.S. Circuit Court of Appeals is...
Compliance | March 9th, 2018 State Authorities Launch Investigation of Wells Fargo Advisors SEC-mandated regulatory filings from Wells Fargo Advisors have triggered state and federal inquiries into whether the firm’s advisers have made...
Investing | March 2nd, 2018 Connecticut State Treasurer Makes Compelling Case for ESG An open letter penned by Connecticut State Treasurer Denise Nappier presents an articulate defense and endorsement of ESG investing programs—in...
Products | March 1st, 2018 Fiduciary Advice Provider CAPTRUST Makes 3(38) Services a Big Focus As one looks at retirement plans that have greater assets, the committee structure is more entrenched, which has slowed the...
Compliance | February 28th, 2018 Georgetown University Latest Collegiate Target of ERISA Litigation Familiar allegations are leveled against Georgetown University in the latest example of defined contribution litigation to hit a big-ticket U.S....
Administration | February 27th, 2018 Transamerica Requires TPAs for Small Plans, Reflecting Competitive Landscape Our series of behind-the-scenes articles speaking with new and established retirement plan service providers about their biggest challenges and opportunities...
Compliance | February 15th, 2018 Plaintiffs Win Class Certification in NYU 403(b) Lawsuit A district court found plaintiffs met the requirements of ERISA Rule 23(a) and the class is maintainable under at least...
Compliance | February 1st, 2018 DOL Reports Robust ERISA Enforcement in 2017 The Employee Benefits Security Administration (EBSA) restored more than $1.1 billion to retirement plans, health plans and other welfare benefit...
Compliance | January 26th, 2018 Dismissal of Capital Group Self-Dealing ERISA Challenge Offers Fiduciary Insight With the new opinion, the district court seeks to make clear where the line is when it comes to pleading...
Compliance | January 24th, 2018 Ruling in Charles Schwab Self-Dealing Suit Suggests Limits of Arbitration Agreements For one thing, a federal court judge found the defendants provide no authority supporting their contention that a plan document...
Data and Research | January 19th, 2018 Fiduciary Questions Still Stymie In-Plan Income for Many Sponsors Plan sponsors cite a number of reasons for being unlikely to offer an annuity-type product in the near term; top...