Princeton Agrees to No Fee Increase, Among Other Things, in Lawsuit Settlement
What the settlement agreement calls ‘therapeutic relief’ also includes conducting an RFP process, creating rules for how often committees meet...
Tag: retirement plan fees
VALIC Financial Advisors Charged With Disclosure Failures
The SEC says VALIC Financial Advisors failed to disclose to Florida teachers practices that generated millions of dollars in fees...
Filing of Excessive Fee Suits Continues With Allegations Against Matthews International
One distinguishing feature in an otherwise boilerplate complaint is the pointed criticism of the plan’s recordkeeper, despite the fact that...
Health Care Organization Faces 403(b) Excessive Fee Suit
Much of the complaint is dedicated to discounting the use of an actively managed TDF suite rather than a less...
Lawsuit Says Plan Fiduciaries Should Have Chosen Less Expensive CITs
Though the majority of investment options for Estee Lauder’s 401(k) are CITs, the lawsuit argues the TDFs are more expensive...
Costco’s Use of Actively Managed Funds in 401(k) Plan Lineup Called Out in Lawsuit
The warehouse club is also accused of breaching ERISA fiduciary duties by allowing the plan to pay ‘unreasonably high’ recordkeeping...
Parties in Emory University 403(b) Plan Lawsuit File Settlement Agreement
In addition to paying $16.75 million, the settlement agreement calls for a review of investments and a recordkeeping request for...
Land O’ Lakes Faces 401(k) Excessive Fee Suit
The lawsuit also questions a fee arrangement between the plan’s recordkeeper and an advice provider.
Opinions |
Pandemic Highlights Reasons for Reviewing Plan Fees
Michael Bird, with Valentine 401(k), discusses how plan sponsors can evaluate 401(k) fees as a way to save money and...
Products |
The Standard Offers Fee Relief to Plan Sponsors and Participants
In addition, every virtual meeting scheduled in May with a retirement plan adviser will be matched by a $25 donation...
Lawsuit Alleges Excessive Fees in Multiple Employer Plan
Though the plan’s recordkeeper is not named as a defendant, the lawsuit says fiduciaries of the ADP TotalSource Retirement Savings...
Automotive Manufacturer New Target of ERISA Excessive Fee Suit
The complaint also argues that the structure of Magna International of America’s plan “is rife with potential conflicts of interest.”
ERISA Lawsuit Against Trader Joe’s Dismissed
A federal judge said the plaintiffs' guess of recordkeeping fees paid had no factual basis and failed to claim a...
Barrick Gold Faces Lawsuit About 401(k) Investment Selections
The lawsuit is nearly identical to one filed by the same law firm against a pharmaceutical company.
Opinions |
Under ERISA, Being Reasonable Means Paying for Success
Cory Clark, with DALBAR, discusses how to evaluate retirement plan fees with an eye toward success-based compensation.
Products |
PCS Retirement and Aspire Offer Fee Credits for Loans and Hardship Withdrawals
The credits will be in effect from March 27 until December 31.
The Math Behind Plan Fee Evaluations
Determining whether fees are reasonable for participants requires an additional layer of calculation, and some fee elements and allocations make...
Lawsuit Over Asset-Based Fees for Nationwide’s Retirement Plan Program Dismissed
The parties say they have reached a confidential settlement resolving all claims.
Average Account Balance a Key Driver of 401(k) Plan Costs
In a comparison of the average costs of two 401(k) plans with the same total assets, data from the most...
Vail Corporation Sued Over Share Class Choices for 401(k) Investments
The lawsuit says the plan ‘inexplicably failed to select these lower fee-charging and better-return producing share classes.’