In an amicus brief in support of Universal Health Services, the foundation argues that a district court missed the mark in its application of the Supreme Court’s Thole...
The title of the regulation also suggests it will address the related but distinct issue of proxy voting advice and shareholder activism among retirement plan fiduciaries.
The regulatory outlook for retirement plan sponsors looking to implement environmental, social and governance themed investments has been complicated, but experts hope that may soon change.
Echoing similar complaints filed against other large employers, the plaintiffs claim Citgo is failing to pay the full promised value of alternative annuity benefits defined by the company’s...
It addresses to what purposes newly allowed segment rates apply, how plan sponsors can make elections for which segment rates to use and the effect of the law...
The participants’ claims regarding Omnicom’s continued use of an active TDF suite were found plausible, and a judge left until later the issue of whether passively managed funds...
Affirming a lower court ruling in its entirety, the 10th Circuit found that plaintiffs neither present evidence establishing the outer bounds of arm’s-length bargaining, nor show why defendants’...
In addition to how to improve retirement savings opportunities for employees, the discussion addressed broader financial security and efforts to make the offering of plans less burdensome for...
The agency promised to issue a final rule ‘as soon as practicable’ and recognized transition time may be needed if the final rule significantly differs from its interim...
The suit claims the use of an asset allocation solution for the medical system’s 401(a) and 403(b) plans funneled participant contributions into expensive investments.
Provisions in the bill, which has been introduced in both the House and the Senate, target both longstanding and new imbalances in the U.S. retirement savings system.
During a SIFMA webinar earlier this week, Congressional leaders and asset management executives discussed SECURE Act 2.0 and other legislation that should be top-of-mind for plan sponsors.
The lawsuit claims MetLife offered its proprietary index funds in its 401(k) plan for its own self-interest and didn’t try to search for more appropriate investment choices.
She found the allegations were sufficient to plausibly allege a fiduciary breach and said the determination for appropriate benchmarks for funds is not solved at the motion to...