Non-U.S. Equity Returns Boosted TDF Performance for Q2
The median equity exposure of equally weighted TDF vintages is 60%; equity exposure ranges from as high as 68% to...
Tag: Fees
Court Orders American Century to Produce Reports for Self-Dealing Suit
American Century must produce profitability, expense and performance reports created under provisions of the Investment Company Act for all the...
Cost Considerations When Freezing Your DB Plan
Just because a plan is frozen, doesn’t mean fees will go away altogether.
Investment Manager and Recordkeeper Changes Driven by Fees
The desire to reduce fees is the top reason DC plan sponsors cite for contemplating changes in investment managers and...
Scrutinizing Plan Fees Can Save Plan Sponsors and Participants Money
One adviser explains that if a plan has $1 million in assets, even a single basis point reduction in fees...
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Investment Products and Services Launches
John Hancock continues reducing mutual fund fees; Rise Financial opens its doors for socially responsible investing; Firms partner on portfolio...
MFS Accused of Engaging in Prohibited Transactions in 401(k)s
A lawsuit claims MFS used its 401(k) plans “as an opportunity to promote MFS’s mutual fund business and maximize profits...
American Airlines Agrees to Settle Proprietary Funds Lawsuit
The gross settlement amount is $22 million.
Brown University Faces Familiar Allegations in 403(b) Lawsuit
Individual annuity contracts and a large plan investment lineup are targets in the Brown University lawsuit, just as they are...
Connecticut Passes Conflict-of-Interest Rule for Non-ERISA 403(b)s
The law applies to any company that administers a 403(b) retirement plan offered by a political subdivision of the state.
Asset-Based Fees Questioned in Nationwide ERISA Challenge
The text of the complaint takes a deep dive into the services generally provided by recordkeepers and administrators of ERISA...
Waddell & Reed Charged in 401(k) Self-Dealing Suit
The lawsuit claims fiduciaries of the Waddell & Reed 401(k) plan breached their fiduciary duties and engaged in prohibited transactions...
Washington University in St. Louis Faces Second 403(b) Lawsuit
The strongly worded complaint says the plan fiduciaries “utterly abdicated their fiduciary duties to act prudently and loyally” by turning...
Suit Challenging Voya’s Relationship With Financial Engines Dismissed
Voya Retirement Advisors was found not to be an ERISA fiduciary with respect to its compensation in an agreement with...
Court Rules for Putnam in Excessive Fee Suit
A district court ultimately found that since plaintiffs did not establish a case in which a particular fiduciary breach caused...
Washington University in St. Louis Faces 403(b) Plan Lawsuit
The lawsuit claims plan participants paid excessive investment and recordkeeping fees and alleges the plan’s loan program violated ERISA prohibited...
Smart Beta Seeks Next Generation TDFs
Asset managers are taking the next steps in TDF innovation and many are eyeing strategic beta for higher returns and...
Capital Group Faces Excessive Fee, Self-Dealing Suit
Capital Group is accused of selecting and retaining its own affiliated investments in its 401(k) plan to the benefit of...
PSNC 2017: Improving Your Plan Through the RFP Process
The time for evaluating a provider can also be opportune for revisiting services, fees and investment options.
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OneAmerica Rolls Out New Kind of Revenue Account
Created at the plan level, revenue accounts can be used to pay an advisor’s fee, without requiring deductions from participants’...