Reducing DC Plan Costs During Financially Challenging Times
There are several options for changing benefits and shifting costs, and proper communications can help avoid participant backlash.
Tag: retirement plan fees
Lawsuit Filed on Behalf of Cognizant Technology 401(k) Plan Participants
The lawsuit alleges plan fiduciaries failed to ensure plan investments and fees were prudent.
Second Case Against Cerner Dismissed Then Reopened
The parties are now discussing a potential settlement, according to the court docket.
Bath and Body Works Parent Company Sued for 401(k) Plan Excessive Fees
The lawsuit against L Brands says recordkeeping and investment fees were excessive and fiduciaries failed to use the lowest-cost share...
The Difference Between Fee-Based and Fee-Only Advisers
It’s important to know how advisers get paid, as well as whether those sources of income could cause a problem...
Consider Who Is Paying When Benchmarking Retirement Plan Fees
There is less risk when a plan sponsor pays retirement plan fees, but that doesn’t necessarily mean the benchmarking should...
Settlement Reached in Insperity 401(k) Excessive Fee, Self-Dealing Suit
Among other things, the lawsuit accused Reliance Trust Co. of selecting funds for the plan that would benefit itself.
Lawsuit Against Nestle Takes New Approach at Challenging Managed Account Fees
A prior lawsuit against its 401(k) plan recordkeeper and managed account provider was dismissed, with a federal judge saying any...
Dismissal Ruling in Salesforce ERISA Litigation Rejects Overly Broad Arguments
The ruling states that actively managed mutual funds and share classes that include revenue sharing can have their place in...
Supreme Court Asked to Review Sufficiency of Excessive Fee Imprudence Claims
In a case against Northwestern University, the petitioners ask whether allegations that a plan paid or charged its participants fees...
MGM Resorts Hit With 401(k) Plan Excessive Fee Suit
The allegations are similar to many other pieces of litigation challenging the use of actively managed funds over passive funds...
Excessive Fee, Self-Dealing Charges Filed Against Pentegra-Sponsored MEP
The lawsuit says fiduciaries of the multiple employer plan failed to ensure reasonable fees for administration and investments and acted...
Biogen Targeted in Recent Suit About Use of Fidelity TDF Suite
The lawsuit challenges Biogen’s use of the actively managed Freedom Funds over the index version of the target-date fund suite.
Computer Graphics Company Targeted in ERISA Excessive Fee Suit
The suit alleges 401(k) plan fiduciaries failed to use the lowest cost share classes or consider CIT versions of mutual...
Law Firm Continues Its Roll With ERISA Excessive Fee Suits
The complaint against B. Braun Medical reads like a copy of many suits Capozzi Adler has filed since December.
iHeart Communications Faces 401(k) Excessive Fee Suit
Company 401(k) plan fiduciaries are accused of failing to negotiate for better fees, switch to collective trusts and switch to...
Another Lawsuit Takes Aim at Plan’s Use of Fidelity Active TDF Suite
The lawsuit also calls out what it says are ‘additional objectively imprudent investment options,’ and claims recordkeeping fees were excessive.
LinkedIn Joins List of Plan Sponsors Targeted in Stream of Excessive Fee Suits
The allegations are similar to other ERISA excessive fee suits, including a challenge to the use of the Fidelity Freedom...
McKinsey Agrees to Settle Excessive Fee Lawsuit
In addition to a $39.5 million payment, the firm has agreed to a number of prospective steps to ensure reasonable...
Mercy Health Corp. Faces 403(b) Plan Excessive Fee Lawsuit
Among other things, the lawsuit alleges the health care system unreasonably maintained investment advisers and consultants despite the known availability...