The lawsuit also calls out the use of an investment manager’s proprietary actively managed funds and the plan sponsor’s failure to obtain cheaper share classes.
The lawsuit accused plan fiduciaries of using the plan as an opportunity to promote Fidelity’s mutual fund business at the expense of the plan and participants.
Attorneys say employers considering whether, and what type, of multiple employer plan (MEP) to join will want to closely monitor the progress of guidance anticipated from the Department...
The proposed regulation seems to create stricter limits for ESG investing in retirement plans, but experts say it is not all doom and gloom for plan sponsors and...
The proposed rule aligns with the SEC’s Regulation Best Interest and the Suitability in Annuity Transactions Model Regulation adopted last year by the National Association of Insurance Commissioners.
In a brief filed in the 9th U.S. Circuit Court of Appeals, the DOL argues that employer actions mandated by the program are sufficient for establishing and maintaining...
The proposed regulation would “confirm that ERISA requires plan fiduciaries to select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic...
IRS Notice 2020-51 answers questions regarding the waiver of required minimum distributions (RMDs) for 2020 under the Coronavirus Aid, Relief and Economic Security (CARES) Act.