ERISA Self-Dealing Lawsuit Calls SEI Plan ‘Captive Customer’
According to the lead plaintiff, the DC plan in question offers only investment options that generate fees for SEI and its affiliates and treat the plan as a captive customer.
Tag: self-dealing
Report Lays Out Causes and Consequences of ERISA Lawsuits
The rise in lawsuits is prompting more sponsors to turn to lower-cost index funds—and could prevent them from offering lifetime income products.