Metro Bank Founder, Wife Reach Settlement with DOL over Profit-Sharing Plan Losses
Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of...
Tag: profit sharing plans
Metro Bank Founder, Wife Sued by DOL Over Profit-Sharing Plan Losses
The lawsuit suggests Vernon and Shirley Hill invested as much as 70% of a profit-sharing plan’s assets in the stock...
Lawsuit Challenges Conservative Investment of Profit Sharing Plan Assets
Denying a motion to dismiss the suit, a judge pointed out the difference between it and others cited by the...
401(k) Plan Sponsors Enhancing Plan Design
The availability of Roth contributions has doubled in the last decade, and more plan sponsors are using a default deferral...
Plan Sponsors Pushing Boundaries of Auto Features
In 2016, 40.2% of plan sponsors surveyed by the PSCA used a default rate for auto enrollment greater than 6%.