Plan Sponsors May Be Paying Too Much in DC Plan Fees
Some 80% of companies were spending more than efficient pricing for 401(k) and 403(b) plans, Abernathy Daley 401k Consultants survey...
Tag: retirement plan fees
Smaller Plans, Larger Costs
While 401(k) plan fees are a bigger ask for small plans, the savings benefits to participants still tend to be...
Mutual Fund Fees in 401(k)s Show Multi-Decade Decline
Fees for mutual funds in defined contribution plans have declined about 60% this century, according to a new ICI report,...
USI Wins Dismissal of ERISA Lawsuit
The complaint was dismissed in its entirety for failure to state a claim.
Excessive Fee Retirement Plan Lawsuit Will Continue
A court has denied plan sponsor VCA’s motion to dismiss breach of fiduciary duty allegations.
Appeals Court Says Salesforce Lawsuit Can Continue
A federal appeals court judge has reversed and remanded lower court rulings for further proceedings
Study Finds Wide Range in 403(b) Plan Fees
Non-ERISA plan sponsors told the GAO they did not have information needed to help them monitor fees.
Defense Attorneys Can Put Up a Fight in Excessive Fee Lawsuits
An insurer speaks out about why the majority of excessive recordkeeping fee claims are ‘bogus.’
Revenue Sharing Is Not Necessarily a Bad Thing
Revenue sharing has gotten a bad rap in lawsuits, but in some cases, selecting funds with revenue sharing could be...
Most of Pentegra MEP Lawsuit Clears Dismissal
A federal court found most of the plaintiffs’ ERISA fiduciary breach claims are sufficiently pled to advance beyond the motion...
Fee Considerations for Small Plans
Sponsors of smaller plans should regularly review investment share classes, but another plan type might also be an option.
ERISA Litigation Continues in the New Year
In court filings last week, fiduciaries of retirement plans at PPL Corp. and Mass Brigham General were accused of failing...
Settlement Agreement Filed in Another Excessive Fee Lawsuit
The defendants in a lawsuit against Bronson Healthcare will pay $3 million to settle charges of ERISA violations.
Nokia of America Among Latest Targets of ERISA Excessive Fee Suits
The lawsuit against the company claims that, in some cases, expense ratios for the plan’s funds were 364% above the...
Plan Sponsors Are Getting No Answers From Excessive Fee Lawsuits
Excessive fee lawsuit activity has ramped up with no major decisions by the courts; however, a pending decision by the...
Review of Oral Arguments in Northwestern University ERISA Case
Two attorneys say things so far look good for Northwestern University, meaning the court could raise pleading standards for plaintiffs...
Exelon Sued Over Alleged Excessive Fees in Proprietary TDFs
The lawsuit also includes claims of excessive recordkeeping fees and unreasonable fees for managed account services.
ERISA Lawsuit Filed Against Olin Corp.
The claims closely resemble those in prior suits filed by the law firm Capozzi Adler.
Judge Gives Plaintiffs in LinkedIn ERISA Suit Another Chance
The judge said he found deficiencies in their claims of imprudence and disloyalty related to certain investments and fees and...
2021 Best Practices Conference: Benchmarking Investments and Fees
Plan sponsors should consider two necessary elements when benchmarking investments. Meanwhile, whether fees need to be benchmarked depends on how...