Charles Schwab Experts Debunk Passive TDF Myths
A TDF may invest its assets into index-based securities that do not make tactical adjustments as the markets change—but the...
Tag: Fees
ERISA Fiduciary Breach Litigation Targets Home Depot, Financial Engines
The text of the complaint includes substantial detail about the inner workings of the Home Depot retirement plan, and its...
Aon Hewitt Defeats ERISA Claims Regarding Financial Engines Partnership
The central claim in the failed class action was that plaintiffs were forced to overpay significantly for advisory services; defendants...
District Court Rejects Racketeering Claims Against Prudential, Morningstar
A district court has ruled that the complaint “does not sufficiently plead that the defendants were engaged in the conduct...
Circuit Courts’ Conflict on DOL Fiduciary Rule Could Persist
The fact that two U.S. Circuit Courts of Appeals, the Fifth and the Tenth, have issued conflicting rulings about the propriety of...
State Authorities Launch Investigation of Wells Fargo Advisors
SEC-mandated regulatory filings from Wells Fargo Advisors have triggered state and federal inquiries into whether the firm’s advisers have made...
Pension Funds See Fees Creep Up as DC Plans Cut Costs
Since the last study of this kind by CEM Benchmarking, average DB fund costs have increased from 0.40% to 0.60%,...
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Fiduciary Advice Provider CAPTRUST Makes 3(38) Services a Big Focus
As one looks at retirement plans that have greater assets, the committee structure is more entrenched, which has slowed the...
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FixedFee401k Promises DC Plan Market Disruption
The firm wants to pretty much completely change the basic pricing of 401(k) plans in the small- and mid-market by...
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Providers Seek an Edge through Fee Reductions, Share Class Simplifications
Interviews with product development leaders at Charles Schwab Investment Management and Putnam underscore the fierce competition that drives providers’ evolving...
Can DB Plans Offer a Better TDF Selection and Monitoring Framework?
ERISA requires plan sponsors to regularly monitor investment lineups to ensure they remain prudent—a task made more complicated by the...
Plaintiffs Win Class Certification in NYU 403(b) Lawsuit
A district court found plaintiffs met the requirements of ERISA Rule 23(a) and the class is maintainable under at least...
Review of Vanguard and Fidelity Fee Adjustment Highlights Industry Competition
Retirement plan investment product and recordkeeping providers are careful to present a friendly face in their marketing and even in...
Dismissal of Capital Group Self-Dealing ERISA Challenge Offers Fiduciary Insight
With the new opinion, the district court seeks to make clear where the line is when it comes to pleading...
Ruling in Charles Schwab Self-Dealing Suit Suggests Limits of Arbitration Agreements
For one thing, a federal court judge found the defendants provide no authority supporting their contention that a plan document...
Vanguard and Fidelity Fee Arrangement Shifts, Reflecting Industry Trends
Fidelity confirms that it will soon begin charging a 0.05% fee on assets invested through its platform into Vanguard products.
Greater Use of Passive Funds Built Directly on TDF Popularity
Looking at asset flow data provided by Wells Fargo, there is very little money going into the standalone index equity...
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SPARK Rolls Out Updated RFP Guide
The new edition aims to support the needs of employers providing defined contribution plans by enabling service providers to prepare...
Economies of Scale Strongly Benefit the Largest Plans
Institutional investors with less than $1 billion in assets paid 65% more for investment management than medium-size funds ($1 billion...
ERISA Litigation Shows No Sign of Slowing in 2018
Proprietary fund lawsuits are viewed by plaintiffs’ firms as one of the types of excessive fee cases that are likely...