Compliance | July 7th, 2020 Health Care Organization Faces 403(b) Excessive Fee Suit Much of the complaint is dedicated to discounting the use of an actively managed TDF suite rather than a less...
Compliance | June 26th, 2020 Lawsuit Says Plan Fiduciaries Should Have Chosen Less Expensive CITs Though the majority of investment options for Estee Lauder’s 401(k) are CITs, the lawsuit argues the TDFs are more expensive...
Compliance | June 24th, 2020 Costco’s Use of Actively Managed Funds in 401(k) Plan Lineup Called Out in Lawsuit The warehouse club is also accused of breaching ERISA fiduciary duties by allowing the plan to pay ‘unreasonably high’ recordkeeping...
Compliance | June 1st, 2020 Parties in Emory University 403(b) Plan Lawsuit File Settlement Agreement In addition to paying $16.75 million, the settlement agreement calls for a review of investments and a recordkeeping request for...
Compliance | May 28th, 2020 Land O’ Lakes Faces 401(k) Excessive Fee Suit The lawsuit also questions a fee arrangement between the plan’s recordkeeper and an advice provider.
Opinions | May 15th, 2020 Pandemic Highlights Reasons for Reviewing Plan Fees Michael Bird, with Valentine 401(k), discusses how plan sponsors can evaluate 401(k) fees as a way to save money and...
Products | May 7th, 2020 The Standard Offers Fee Relief to Plan Sponsors and Participants In addition, every virtual meeting scheduled in May with a retirement plan adviser will be matched by a $25 donation...
Compliance | May 6th, 2020 Lawsuit Alleges Excessive Fees in Multiple Employer Plan Though the plan’s recordkeeper is not named as a defendant, the lawsuit says fiduciaries of the ADP TotalSource Retirement Savings...
Compliance | May 5th, 2020 Automotive Manufacturer New Target of ERISA Excessive Fee Suit The complaint also argues that the structure of Magna International of America’s plan “is rife with potential conflicts of interest.”
Compliance | April 29th, 2020 ERISA Lawsuit Against Trader Joe’s Dismissed A federal judge said the plaintiffs' guess of recordkeeping fees paid had no factual basis and failed to claim a...
Compliance | April 29th, 2020 Barrick Gold Faces Lawsuit About 401(k) Investment Selections The lawsuit is nearly identical to one filed by the same law firm against a pharmaceutical company.
Opinions | April 27th, 2020 Under ERISA, Being Reasonable Means Paying for Success Cory Clark, with DALBAR, discusses how to evaluate retirement plan fees with an eye toward success-based compensation.
Products | April 20th, 2020 PCS Retirement and Aspire Offer Fee Credits for Loans and Hardship Withdrawals The credits will be in effect from March 27 until December 31.
Administration | April 1st, 2020 The Math Behind Plan Fee Evaluations Determining whether fees are reasonable for participants requires an additional layer of calculation, and some fee elements and allocations make...
Compliance | March 27th, 2020 Lawsuit Over Asset-Based Fees for Nationwide’s Retirement Plan Program Dismissed The parties say they have reached a confidential settlement resolving all claims.
Data and Research | March 2nd, 2020 Average Account Balance a Key Driver of 401(k) Plan Costs In a comparison of the average costs of two 401(k) plans with the same total assets, data from the most...
Compliance | February 27th, 2020 Vail Corporation Sued Over Share Class Choices for 401(k) Investments The lawsuit says the plan ‘inexplicably failed to select these lower fee-charging and better-return producing share classes.’
Compliance | February 5th, 2020 Judge Scales Back Claims Against Voya in Excessive Fee Suit The only charge that survived regarded Voya providing “false and misleading” participant fee disclosures.
Compliance | January 23rd, 2020 Excessive Fee Cases Continue With Lawsuit Against Cerner Corporation The ERISA complaint includes familiar allegations that retirement plan fiduciaries failed to manage or monitor plan recordkeeping and investment fees.
Compliance | January 10th, 2020 Chemical Distributor’s U.S. DC Plan Subject of Excessive Fee Suit The plaintiffs suggest that the task of evaluating investments has become simpler for plan fiduciaries and that prudent fiduciaries will...