Claims in a lawsuit against Konica Minolta were significantly pared down and all claims against the company’s board were dismissed for failure to find it was a fiduciary...
Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.
Advisers wish fiduciary responsibilities were more top-of-mind for committees and that sponsors would better define what success means for their plans.
As with similar litigation, the company’s 401(k) plan fiduciaries are accused of failing to take measures to ensure reasonable recordkeeping and investment fees.
Fiduciaries of the Wake Forest University Baptist Medical Center plan are accused of failing to ensure reasonable investment fees and mismanaging revenue sharing to pay for administrative expenses.
CDI Corp. admits no wrongdoing in the settlement agreement, which closely resembles settlements reached in other excessive fee suits, apart from its modest size.
Consultants say now is the time to evaluate interest rate and equity market risk strategies, as well as whether and how to take advantage of pension funding relief...