Lessons From a Rare ERISA Excessive Fee Suit Dismissal
The complexity of retirement plan lawsuits often makes district court judges reluctant to approve early dismissal motions plaintiffs, but Salesforce...
Tag: revenue sharing
TriNet Latest to Face Familiar Fiduciary Breach Allegations
Yet another piece of ERISA litigation has been filed by the law firm Capozzi Adler, this one following the same...
Parties in Lawsuit Over Revenue Sharing in 401(k) Plan Agree to Settle
BTG International and company officials agreed to pay $560,000 to settle charges they allowed the plan’s recordkeeper to receive unreasonable...
DC Plan Sponsors Increasing Focus on Fees
Callan’s 2019 Defined Contribution (DC) Trends Survey finds more plan sponsors have conducted fee benchmarking, there’s a shift in who...
Plaintiffs Agree to Drop Empower ERISA Revenue-Sharing Lawsuit
Both parties agreed to dismiss the litigation under Federal Rule of Civil Procedure 41(a), and each party will bear its...
Duke University 403(b) Plan Lawsuits Reportedly Settled
The docket reports for two lawsuits filed against the university say counsel for the plaintiffs and counsel for the university...
Duke University Charged in Second 403(b) Plan Lawsuit
While the first lawsuit focused on excessive recordkeeping, administrative and investment fees, the new lawsuit focuses specifically on the university’s...
Leveling the Playing Field for Participant Fees
Making participant plan fees more equitable.
Penn State Announces New Retirement Program Fee Practices
The plan to adopt a fee-leveling approach and rebate revenue sharing to participants comes as many institutions of higher learning...
Public Pension Fund Files Complaint Against Wells Fargo Over Compensation Received
The bank admitted that because of “a system error,” revenue sharing payments were not credited to the retirement fund, but...
Many DC Plan Sponsors Reduced Fees in 2017
A survey finds a drop in revenue sharing used to pay plan fees, and that half of DC plan sponsors...