What Advisers Would Like Plan Sponsors to Better Understand
Advisers wish fiduciary responsibilities were more top-of-mind for committees and that sponsors would better define what success means for their...
Tag: retirement plan investments
Essential Considerations for DC Plan Investment Lineups
The purpose of a retirement plan and the demographics of its participants will help plan sponsors decide what types of...
Court Hands Down Split Decision in KeyCorp Excessive Fee Lawsuit
A federal judge moved forward claims of excessive administrative and managed account fees but dismissed claims regarding KeyCorp plan’s stable...
Claims Against Astellas, Aon Move Forward in Untested CITs Lawsuit
A judge found that allegations were sufficient to deny most motions to dismiss filed by the plan sponsor and the...
Court Rejects Barnabas Retirement Plan Fiduciaries’ Motion to Dismiss Lawsuit
A federal judge found that the plaintiffs had sufficiently pleaded their claims in the suit alleging excessive retirement plan fees.
Judge Finds ERISA Claims Sufficient Against Coca-Cola Bottler
The case, which challenges the use of an actively managed TDF suite rather than its index version, will move forward.
ICON Clinical Research Sued for Excessive Fees
The text of the new complaint closely resembles others from the increasingly well-known law firm Capozzi Adler, which has filed...
Plan Sponsor and Provider Must Still Face Claims in Suit Over Investments Switch
More claims were moved forward for the investment consultant than for the plan sponsor.
BBVA Compass Bancshares Loses Second Attempt to Get ERISA Suit Dismissed
Since there were no clear administrative remedies for fiduciary breaches spelled out in plan documents, a federal judge rejected the...
Participants in Terminated 403(b) Plan File ERISA Lawsuit
The plaintiffs allege the use of actively managed funds and higher-cost share classes caused them to lose millions.
Defending Against Excessive Fee Cases: It’s All About Procedure
It’s crucial for plan sponsors to have and follow a good investment policy statement and to carefully document the reasons...
Active vs. Passive Investing: Understanding the Difference
Knowing how each type of investing works, as well as their advantages and disadvantages, can help retirement plan sponsors construct...
Settlements Reached in Lawsuit Over Sequoia Fund Investment
DST Systems and Ruane, Cunniff & Goldfarb have agreed to settle a lawsuit regarding investments in the DST Systems Inc....
Another Lawsuit Challenges Fund Manager Strategy During COVID-19 Market Crash
Allianz Global Investors is again accused of not following the promised investment strategy for its Structured Alpha Funds.
New York Transit Worker Pension Plans Sue Over Fund Mismanagement
The lawsuit claims an investment manager failed to follow its stated investment strategy during the COVID-19-related market volatility, resulting in...
Providers to DB Plans Face Lawsuit Over Investment Strategy
Because downside protection promised for certain funds wasn’t provided and it wasn’t warned, the committee for defined benefit plans of...
Bitcoin As a Retirement Plan Investment?
The cryptocurrency is legally permissible as a 401(k) investment under ERISA, but some plan sponsors may have questions about whether...
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DCIIA Offers Primer on Managed Accounts in DC Plans
The primer is the first in a series of four papers DCIIA will issue that will cover the basics of...
Retirement Tier Widely Recommended for DC Plans
A retirement tier is a range of products, solutions, tools and services to support participants who are near, entering or...
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.’