Edward Jones Sued for Second Time over Alleged Fiduciary Failures
Plaintiffs allege that Edward Jones and its officials breached their fiduciary duties failing to prudently and loyally manage the company's...
Tag: Fiduciary
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PSCA Offers Plan Sponsor Education About Third-Party Fiduciaries
Topics discussed include how often plan sponsors should review their third-party fiduciaries.
Fee Arrangement Between Providers Questioned in ERISA Suit
Participants in three Ford Motor Company retirement plans suggest their adviser and recordkeeper are permitting excessive fees to be charged...
Technology Will Not Replace Human Advisers
Cerulli sees robo-advisers as a tool to enhance adviser-client relationships.
Trump Presidency Will Impact Providers' Fiduciary Rule Response
Early commentators warn anything is possible, but there may be some relief coming on the strict contract and recordkeeping requirements...
Refining Plan Documents Can Pay Off
A new white paper spells out the main areas of retirement plan governance and compliance, offering clear pathways for plans...
Can Funds With 12b-1 Fees Still Work in Retirement Plans?
Some experts say taking the 12b-1 approach can result in lower net fees, while others call for an end to...
Fiduciaries Failed to Follow Plan Document for ESOP Termination
A federal court has ordered the fiduciaries to restore losses to plan participants.
NTSA Supports Extending Fiduciary Rule to Governmental 403(b)s
As part of its support, NTSA developed a fiduciary education program that will be available to its members later this...
Participant Files Third Wells Fargo Stock Drop Suit
The third complaint suggests defendants should have pushed for disclosures that would have corrected the company stock price.
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PNC to Take on Fiduciary Role
PNC Retirement Solutions will offer 3(21) and 3(38) investment services.
Deutsche Bank 401(k) Self-Dealing Suit Moves Forward
A federal judge found that allegations regarding the assessment of excessive fees from which defendants stood to gain are sufficient...
Stock Drop Suit Targets Wells Fargo
In the new ERISA lawsuit, plaintiffs allege that plan fiduciaries knew well in advance about the problematic sales practices that...
Executives Dismissed from SunTrust Stock Drop Lawsuit
The plaintiffs in the case only opposed the dismissal of one executive, and a federal district court found he was...
Case About Forcing Participants Out of Company Stock Moves Forward
A court found eliminating ESOP participants’ right to invest in company stock is not a violation of ERISA’s anti-cutback provisions,...
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Insurance Profile Solution Aims for Annuity Transparency
The DTCC solution supports the exchange of data between insurance carriers and distributors for the on-going reporting of fees, expenses...
A Plan Sponsor Philosophy Can Help With Plan Decisions
A philosophy can help plan fiduciaries focus on the “why” when making retirement plan decisions and not just the “how,”...
Fiduciary Rule to Lead to Changes in DC Plan Investment Lineups
One-third of financial advisers who counsel DC plans already plan to make changes to mutual funds used in their clients’...
Lawsuit a Warning That Small 401(k)s Should Hire Expertise
The lawsuit alleges fiduciary breaches for holding 401(k) plan assets mostly in one company stock and notes that the plan’s...
Investment Manager on the Hook for Poor Retirement Plan Diversification
A court ordered the investment manager to pay losses to the plan as well as pay back investment management fees.