District Court Soundly Dismisses Washington University 403(b) Lawsuit
The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to...
Tag: 403b
Plan Sponsors Stepping Up Their Auto Enrollment Game
The percentage of employers that default participants at a 6% deferral rate or higher more than doubled in the past...
Northwestern University Prevails in ERISA 403(b) Challenge
Underscoring the victory for Northwestern University and potentially giving some hope to other similarly positioned defendants, all pending motions were...
Wisconsin Private Colleges Unite Retirement Plans in ‘403(b) MEP’
The Wisconsin Association of Independent Colleges and Universities announced a partnership with Transamerica to create a 403(b) multiple employer retirement...
Georgetown University Latest Collegiate Target of ERISA Litigation
Familiar allegations are leveled against Georgetown University in the latest example of defined contribution litigation to hit a big-ticket U.S....
Plaintiffs Win Class Certification in NYU 403(b) Lawsuit
A district court found plaintiffs met the requirements of ERISA Rule 23(a) and the class is maintainable under at least...
Americans Confident DC Plans Can Help Them Meet Their Goals
They like the tax advantages, investment opportunities and investor control that 401(k)s and other DC plans offer them, ICI finds.
Nonprofit Plan Sponsors Still Confused About Fee Levelization
Data shows about one-fourth of nonprofit plan sponsors are not aware of what comprises a formal fee policy statement, and...
Government Employers Want More Provider Education to Boost Participation
A Lincoln Financial Group study revealed little participation rates in governmental defined contribution plans, compared to 401(k) and 403(b) plans.
Government and Nonprofit Plans Spared in Senate Tax Bill
At this interim juncture it seems that essentially all of the changes to 457(b) and 403(b) plans that were being...
Retirement Industry People Moves
T. Rowe Price Names Senior DC Specialist; Vanguard Rotates Portfolio Managers; American Century Preps for Major ETF Business Launch; and...
Higher Education Plan Sponsors Ramp Up IPS Usage
In light of a stronger focus on fiduciary responsibilities, more than three-fourths of higher education plan sponsors have implemented an investment...
Are 457(b) Plan Assets at Risk During an Acquisition?
“We are a private tax-exempt hospital that sponsors a 457(b) plan for select management or highly compensated employees. Though all...
Settlement Agreement Reached in Church Plan Challenge
Many terms of the settlement agreement between St. Joseph’s Hospital and its pension plan participants are similar to provisions of...
Johns Hopkins University ERISA 403(b) Challenge Partly Dismissed
The complaint states that Johns Hopkins has not prudently managed its 403(b) plan, but a district court judge disagrees, at...
Ascension Reaches Settlement With Acquired Entity’s Church Plan
Ascension has agreed to pay the first $29.5 million of benefits that are distributable to settlement class members in the...
Court Moves Forward Few Claims in NYU 403(b) Plans Case
A federal court judge found most claims were not plausibly alleged by the plaintiffs.
(b)lines Ask the Experts – Is an Irrevocable Election Not to Participate Truly Irrevocable?
Experts answer questions from 403(b) plan sponsors and providers.
ERISA Challenge Targets Minnesota Hospital System
The latest retirement industry class action challenge, filed in the U.S. District Court for the District of Minnesota, names as...