Duke University 403(b) Plan Lawsuits Reportedly Settled
The docket reports for two lawsuits filed against the university say counsel for the plaintiffs and counsel for the university...
Tag: retirement plan fees
Court Tosses Unreasonable Recordkeeping Fee Claim Against Franklin Templeton
However, a federal district judge moved forward most claims in the self-dealing lawsuit concerning the company’s own 401(k) plan.
Findings About 401(k) Participation Signal Opportunity for Education
Sharing findings of a recent Capital One survey, Stuart Robertson says there is opportunity to educate employees about the tax-deferred...
Health Care Provider Accused of Excessive Fees in 403(b) and 401(k) Plans
A lawsuit alleges that the defendants failed to take advantage of the plans' bargaining power by only offering actively managed...
Fidelity Faces Another 401(k) Self-Dealing Lawsuit
The lawsuit not only calls out Fidelity’s use of all proprietary funds in its 401(k) investment lineup, but also accuses...
Court Finds All Claims Plausible in T. Rowe Price Self-Dealing Suit
The original complaint accuses T. Rowe Price 401(k) plan trustees of breaching their fiduciary duties under ERISA by either failing...
Duke University Charged in Second 403(b) Plan Lawsuit
While the first lawsuit focused on excessive recordkeeping, administrative and investment fees, the new lawsuit focuses specifically on the university’s...
Litigators Not the Only Ones Looking Into Retirement Plan Investments and Fees
The EBSA’s Plan Investment Conflicts (PIC) project have reviewed conflicts of interest of fiduciary service providers and investment managers of...
Analysis of Settlement Terms in Deutsche Bank ERISA Litigation
The bank has agreed to pay $21.9 million to settle charges it benefited from including proprietary funds in its 401(k)...
Leveling the Playing Field for Participant Fees
Making participant plan fees more equitable.
NYU Claims Victory in 403(b) Plans Lawsuit
In the first university 403(b) plans case to go to trial, a federal district court found the plaintiffs have not...
Brown University 403(b) Plans Suit Moves Forward
A federal judge denied dismissal of plaintiffs’ allegations that a prudent fiduciary would have chosen one—rather than two—recordkeepers; that a...
PSNC 2018: Fee Considerations
Fee-levelization and zero revenue sharing are the newest trends for retirement plan fees.
Penn State Announces New Retirement Program Fee Practices
The plan to adopt a fee-leveling approach and rebate revenue sharing to participants comes as many institutions of higher learning...
University of Chicago Settles 403(b) Plans Excessive Fee Suit
In addition to a monetary payment, the university has agreed to structural changes to its 403(b) plans.
ERISA Excessive Fee Suit Filed Against University of Rochester
The suit challenges fees paid to provider TIAA.
Public Pension Fund Files Complaint Against Wells Fargo Over Compensation Received
The bank admitted that because of “a system error,” revenue sharing payments were not credited to the retirement fund, but...
Small Business Owners Need More Knowledge of Retirement Plan Fees
Only 49% said they had read their fee disclosure in the prior year and had understood it; 44% said they...
Court Moves Forward Claims in Yale 403(b) Plan Case
A federal district court judge denied dismissal of most violation of duty of prudence claims.
NYU Asks to Exclude Certain Evidence from Trial in 403(b) Plans Case
The university also asks that the plaintiffs not be able to attempt to use evidence that their prudent measures and...