Plaintiffs Abandon Their Lawsuit Over Principal CIT TDFs
The suit had alleged fiduciary breaches regarding the selection and monitoring of underlying investment options for collective investment trust TDFs...
Tag: retirement plan investing
Sutter Health Faces Second Lawsuit Challenging Use of Actively Managed TDFs
The most recent lawsuit says the actively managed suite’s risk has been amplified during the COVID-19 pandemic.
Employers Making Accommodations As Businesses Reopen
Remote work accommodations can help prevent early retirements for workers at risk, and employers need to adjust retirement planning communications...
Lawsuit Over Kentucky Retirement System Hedge Fund Investments Dismissed
The Kentucky Supreme Court said it ‘recognizes that plaintiffs allege significant misconduct,’ but it found they lacked standing to bring...
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...
Self-Directed 401(k) Participants Also Increased Trading in Q1 2020
The average Charles Schwab self-directed brokerage account balance was down 14% from the end of 2019, and those participants who...
Study Suggests Private Equity Doesn’t Outperform Stock Indices
The release of the study comes after the DOL issued an Information Letter sanctioning the use of private equity in...
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PAi Adds Principal Guaranteed Option to 401(k) Platform
The enhancement to its CoPilot service for small and startup plans also includes investment management from Wilshire Associates.
Neuberger Berman 401(k) Plan Committee Agrees to Settle ERISA Suit
Prior to reaching the settlement agreement, the Neuberger Berman Value Equity Fund was removed as an investment option in the...
Private Equity in DC Plans an Opportunity to Improve Outcomes
Plan sponsors should follow prudent processes the DOL laid out in its recent guidance, and there are already solutions in...
Promising Investment Opportunities Exist
Small-cap stocks and distressed debt are among places investment managers said investors should turn in the post-COVID-19 environment.
The Next Evolution in 403(b) Plans: Investments
While 403(b) plans have made great strides, lifting restrictions on the types of investments the plans can offer and considering...
DOL Sanctions Use of Private Equity in Asset Allocation Funds in DC Plans
An Information Letter addresses concerns with offering private equity in DC plans with five paragraphs detailing considerations for plan fiduciaries...
Plan Sponsor, Provider Sued for Adding Untested CITs to 401(k)
The 92-page complaint includes a number of other allegations, including that the plan sponsor was motivated by its relationship with...
Vanguard Data Supports Adage of Taking Long-Term View With Investing
During the first quarter of 2020, most Vanguard investors saw declines in wealth, but over three years, 89% of DC...
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...
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.”
Prudent Investment Review Processes Need Not Change During Volatility
However, serious downturns can reveal risks plan sponsors didn’t know they had.
Lawsuit Challenges Conservative Investment of Profit Sharing Plan Assets
Denying a motion to dismiss the suit, a judge pointed out the difference between it and others cited by the...
Money Manager’s COVID-19 Message: Stay the Course
“Rather than panic and act on their emotions, the vast majority of participants allowed their DC plans to do the...