Revenue sharing has gotten a bad rap in lawsuits, but in some cases, selecting funds with revenue sharing could be a better option for retirement plan participants.
The service, powered by Morningstar Investment Management, will provide personalized investment advice to retirement plan participants through its user interfaces and network of integrated recordkeepers.
A court found a participating employer was not a fiduciary with respect to alleged actions in the lawsuit, and therefore was not under threat of being sued for...
A change to how required minimum distributions are taken from 403(b) contracts might call for changing recordkeeping systems and dusting off information sharing agreements.
Pentegra hires vice president of trust services; Multnomah Group expands team and client service capabilities; AIG announces rebrand of life and retirement business; and more.
A new order in a long-running ERISA lawsuit tosses out certain claims related to alleged breaches of the ERISA fiduciary duty of loyalty, but it otherwise denies the...
Annexus, SSGA create income-focused TDFs; AIG hands over management of certain assets to BlackRock; and Columbia Threadneedle Investments launches a semiconductor and technology ETF.
A federal court found most of the plaintiffs’ ERISA fiduciary breach claims are sufficiently pled to advance beyond the motion to dismiss stage in the litigation process.
A federal court found the claims were not time-barred, the investment manager was responsible for its own fiduciary duties and an individual committee member can’t escape claims of...
Supporters say the ambitious legislation package would expand retirement plan coverage and deliver benefits to relieve anxiety about having secure retirement income.
In an economy with significant momentum but also headwinds and pain points, new data from the Investment Company Institute shows that total retirement assets were up nearly 12%...
The complaint alleged a target-date fund suite managed by Principal performed poorly for an excessive period of time, without being adequately reviewed or removed from the plan.
In certain cases, the portion of a multiple employer plan attributable to a participating employer’s failure to meet plan qualification requirements would be spun off.
The house will hold a committee hearing focused on improving Americans’ retirement savings and investing opportunities and vote on the ‘SECURE Act 2.0’ this Tuesday.
The plaintiffs accuse the defense of failing to work to reduce retirement plan expenses or to adequately scrutinize each investment option that was offered to ensure it was...
The plaintiff is seeking recovery on behalf of a class of participants in a retirement plan of the AME church, which reported a ‘material loss’ last fall.