Compliance | July 12th, 2017 MFS Accused of Engaging in Prohibited Transactions in 401(k)s A lawsuit claims MFS used its 401(k) plans “as an opportunity to promote MFS’s mutual fund business and maximize profits...
Compliance | July 10th, 2017 Brown University Faces Familiar Allegations in 403(b) Lawsuit Individual annuity contracts and a large plan investment lineup are targets in the Brown University lawsuit, just as they are...
Compliance | June 27th, 2017 Washington University in St. Louis Faces Second 403(b) Lawsuit The strongly worded complaint says the plan fiduciaries “utterly abdicated their fiduciary duties to act prudently and loyally” by turning...
Compliance | June 20th, 2017 Washington University in St. Louis Faces 403(b) Plan Lawsuit The lawsuit claims plan participants paid excessive investment and recordkeeping fees and alleges the plan’s loan program violated ERISA prohibited...
Deals and People | June 7th, 2017 Ascensus Acquires Cash Balance Leader Kravitz Kravitz will keep its focus on cash balance plans, with Dan Kravitz maintaining a senior leadership role.
Compliance | June 5th, 2017 Chevron Wins Dismissal of Amended Complaint Regarding Fund Choices A federal judge found plaintiffs failed to correct deficiencies in their original complaint, and a new claim of conflicts-of-interest was...
Products | May 31st, 2017 Recordkeeper Consolidation to Continue in 2017 Most of the M&A action will center on “the good number of regional banks, regional insurance companies and other entities...
Products | May 25th, 2017 Application Aims to Give Plan Sponsors Fee Negotiating Power Josh Itzoe from Greenspring Wealth Management says FeeMetri(k)s' goal is to make retirement plan sponsors fee experts in five minutes.
Compliance | May 24th, 2017 University of Chicago Faces Excessive Fee Lawsuit The university is accused of not negotiating a better price for recordkeeping and retaining high cost, underperforming investments, among other...
Products | May 17th, 2017 Fidelity Expansion of Managed Account Offering Means More Access for Sponsors Fidelity announced it will allow wider third-party access to Portfolio Advisory Service at Work, a managed account offering that delivers...
Products | May 16th, 2017 Plan Health Not Just About Fees and Investments Two providers have introduced retirement plan health measurement tools with different approaches.
Compliance | May 15th, 2017 Duke University 403(b) Plan Excessive Fee Suit Moves Forward Claims moving forward regard excessive fees by using four recordkeepers and excessive fees by offering too many funds in the...
Products | April 6th, 2017 AXA Offers New Solution for DC Marketplace The solution is an open architecture investment program with intuitive technology that allows for ease of set-up and ongoing management...
Compliance | April 5th, 2017 Auto Portability Could Boost Nation's Retirement Savings Wealth by $2T EBRI has joined the Bipartisan Policy Center in calling for a national, private-sector clearinghouse that could seamlessly handle rollovers from...
Compliance | March 27th, 2017 Anthem Excessive Fee Case Moves Forward The only motion to dismiss by the defendants that the court granted concerned a claim that the 401(k) plan should...
Products | March 17th, 2017 ForUsAll Launches 401(k) Cost Estimator The free tool allows employers to compare the various costs that go into running a 401(k) plan, including fees for...
Products | March 9th, 2017 ADP and Betterment Announce Integration Betterment for Business’ 401(k) service will soon be available in the ADP Marketplace, described as a “cloud-based app ecosystem for human...
Products | March 8th, 2017 Morgan Stanley Teams with Ascensus for ClearFit Targeted at small employers, this turnkey solution aims to combine Morgan Stanley’s investment and fiduciary services with the administrative and...
Ask the Experts | February 14th, 2017 (b)lines Ask the Experts – Payroll Versus ACH Deductions for Loan Repayments “Do the Experts have a preference between payroll deduction or automatic checking account deductions (ACH) for loan repayments?”
Deals and People | February 10th, 2017 Blackstone to Acquire Aon Hewitt’s Benefits and HR Administration Platform Aon Hewitt says this transaction sharpens its focus on delivering advice and solutions, accelerates innovation on behalf of clients and...