Multiple Recordkeepers at Heart of Excessive Fee Suit
The complaint says having different recordkeepers for a traditional DC plan and a 403(b) plan caused participants to pay too...
Tag: Fiduciary
Managing Investment Fees Among Plan Sponsors' Top Concerns
This is a shift from an emphasis on fiduciary risk in fund selection, a study finds.
The Best of PLANSPONSOR Magazine Columnist Stephen Saxon
Groom Law Group attorney Saxon writes opinion and advice on the legislative and regulatory changes affecting plan sponsors today.
New 401(k) Excessive Fee Suit Filed Against Delta Air Lines
Among the charges is that, prior to 2011, the plan included too many, and duplicative, investment options.
New Trends in ERISA Litigation Appeared in 2016
ERISA lawsuits against retirement plans in 2016 have included new allegations not seen before and have spread to target different...
Starwood Hotels Accused of Multiple Fiduciary Failures
Excessive fees, revenue-sharing, lack of a stable value fund and failing to follow fund selection for participants are among accusations...
A Review of How the Fiduciary Rule Could Affect Retirement Plan Sponsors
The fiduciary rule has shaken up the advisory space, but plan sponsors also need to know what’s in the rule...
Mercer Suggests Areas for DC Plan Review
Plan design, investments, fees, financial wellness and the DOL’s fiduciary rule are all things defined contribution plan sponsors should consider...
403(b) Plan Sponsors Taking Action to Prepare for Fiduciary Rule
While 59% are making no changes, others are re-evaluating adviser choices, reviewing investment lineups and reviewing plan governance structure.
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Segal Group Publishes Calendars to Highlight Requirements and Disclosures
Both calendars track vital compliance deadlines for plan sponsors and can be viewed via interactive webpages, apps and PDFs.
DOL Asked to Cease Implementation of Fiduciary Rule
Senator Ron Johnson asked Labor Secretary Tom Perez to cease implementation of a rule “that will very likely be rescinded.”
DC Plans Use Passive Investments for Fiduciary Ease
“If they are choosing a passive investment option simply because it is less work for them, this is not in...
403(b) Plan Participant Files Suit Over Voya Stable Value Funds
The suit claims Voya collects hundreds of millions of dollars annually in undisclosed compensation.
Court Allows Restatement of Claims Against Stable Value Fund Provider
A federal judge found that that New York Life provided documentation showing there was no spread between the internal rate...
Advisers’ Responsibilities to Plan Sponsors Extend Beyond Investments
With increased litigation, a new fiduciary rule and a new presidential administration, retirement plan sponsors should evaluate the services provided...
Wells Fargo 401(k) Suit Challenges Use of Proprietary TDFs
The lawsuit accuses the bank of using an "easy enroll" feature to funnel funds into its TDFs, which it says...
Another Plan Challenged for Offering Sequoia Fund
The lawsuit alleges the Sequoia Fund was an imprudent investment for the retirement plan because of its high concentration in...
Court Dismisses Retirement Plan Suit Against Disney
A participant in Disney’s retirement plan alleged that fiduciaries should have dropped a fund from the plan investment menu because...
DC Retirement Plan Committees Face Tough Choices
Many committees do not have the expertise to select investments and should use outside help, SEI says.
Court Holds Hearing on Chamber Fiduciary Rule Lawsuit
Plaintiffs discuss First Amendment and lack of studies into annuities and conflicted advice.