New Excessive Fee Suit Targets Advice, SDBAs
A lawsuit accuses Fidelity of receiving “kickbacks” from Financial Engines and leading retirement plan participants that use its SDBA option...
Tag: Fees
Retirement Plan Excessive Fee Suits Move Down Market
A Minnesota collision shop is being sued regarding its 114-participant 401(k) plan.
ERISA 403(b) Plan Costs Down Since 2009
The decrease could be, in part, due to a different composition of plan investments.
Mutual Fund Provider Targeted in ERISA Complaint for Self-Dealing
Participants in M&T Bank retirement plans accuse the company of unfairly promoting its own mutual funds at the expense of...
Consider Participant Outcomes When Reviewing Plan Fees
Savings grow with compound interest, but there is a compound effect on fees which reduces the amount of assets that...
Factors Included in Fee Decisions
Litigation has increased retirement plan sponsors' focus on plan fees, and they need to know all their choices to make...
Investment Fees Lower in 2015
The asset-weighted average net expense ratio of all U.S. funds was 0.61% in 2015, down from 0.64% in 2014 and...
Edison Wins Dismissal of Excessive Fee Suit
The case had been remanded to an appellate court after a Supreme Court decision.
Fidelity, Putnam Excessive Fee Cases Moved Forward
A federal district judge denies motions to dismiss in both cases.
Opinions |
Barry’s Pickings Online: Passive Aggression
The idea that ERISA mandates only the use of passive management is absurd.
Merrill Lynch Cleared of Wrongdoing in Excessive Fee Case
A federal district court found that Merrill Lynch was not acting as a fiduciary under ERISA.
Retirement Plan Fee Suit Against TIAA Has a New Angle
It isn’t investment costs the lawsuit complains about, but postage costs for excessive mailings.
DOL's Fiduciary Rule May Lead to Retirement Product Changes
Advisers will increasingly choose technology platforms to deliver advice, and insurance product pricing may become more like mutual funds, Cerulli...
Mutual Fund Expense Ratios See 20-Year Low
The demand for index funds played a part in the decline, says ICI.
Plan Sponsors and Participants Will Pay A Little Less in 2016
Average all-in plan fees are down for both small and large retirement plan sponsors, according to the latest edition of...
Plan Sponsors Face Risks in Fiduciary Rule Change
It’s not just financial advisers and investment providers that should be prepping for the final fiduciary rule to emerge from...
Lawsuit Questions Plan’s Lack of Alternatives to Mutual Funds
The lawsuit filed by Jerome J. Schlichter of Schlichter Bogard & Denton against Chevron Corporation also accuses the firm of...
MassMutual Sued Over Stable Value Fund Fees
The lawsuit is filed as a class action on behalf of the Arthur J. Gallagher & Company 401(k) plan and...
Opinions |
Barry’s Pickings Online: Let’s Start with Your Best Price
When a lawyer can prove that a plan fiduciary paid more for the identical service that some other fiduciary paid...
Products |
Plan Sponsors Can Now Access Betterment for Business
Betterment first started plugging for its new Betterment for Business integrated retirement plan offering last year; now the service is...