Pennsylvania Federal Judge Orders RiversEdge Out of Retirement Plans
A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.
Tag: retirement plan custodians
Benefits |
DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors
The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets...
DOL Lawsuit Alleges TPA Stole $5.5M in Retirement Plan Assets From 17 Clients
A restraining order has been filed in the Department of Labor lawsuit against Pennsylvania third-party administrator RiversEdge.
Products |
Investment Product and Service Launches
Wilmington Trust adds DocuSign to eVault program; Columbia Threadneedle announces Fixed Income successor; and TIAA grows variable annuity investment lineup.
Matrix Trust Company Sued Over Asset Transfers From 403(b) Plans
Matrix is being sued for violating its fiduciary duties because it did not verify that the transfers were authorized by...