Case Against ‘Small’ 401(k) Plan Settled
The case against the $500 million 401(k) plan was also settled for a “small” amount—$500,000.
Tag: retirement plan investments
$3M Settlement Reached in Edward Jones Self-Dealing Lawsuit
After a complex set of motions and rulings, the parties have now opted to settle the ERISA self-dealing lawsuit rather...
Jackson National Agrees to Settle Self-Dealing Suit
The lawsuit alleged that the company selected high-cost proprietary investment products offered and managed by Jackson National and its affiliates...
Appellate Court Revives Putnam Self-Dealing Suit
The 1st U.S. Circuit Court of Appeals found “several errors of law in the district court’s rulings.”
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...
KRS Wins Lawsuit While Another Suit Over Hedge Fund Investments Is Ongoing
A court agreed that the Kentucky Retirement System board of trustees were permitted by law to choose alternative investments one...
Return on Investments, Mortality and Insurer Expenses Key Factors in Pricing Annuities
Whether looking to provide in-plan guaranteed income solutions for a DC plan or looking for an annuity to purchase for...
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)...
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Investment Products and Services Launches
MassMutual introduces new TDFs, and Krane Funds Advisors creates CIT for retirement plans.
Is There Any Hope for 403(b)s to Be Able to Use CITs?
These lower-cost funds are growing more popular in the 401(k) market, but are not available to most 403(b) plans.
Lawsuit Filed Against Plan Sponsor, Aon Hewitt for Untested Funds in 401(k)
According to the complaint, the defendants removed a large number of established funds in the plan that were performing well...
Consultants Support Retiree-Focused Investment Options
DC plan consultants surveyed by PIMCO offer suggestions for helping retirees with income, core investment menu design and other DC...
Edward Jones Fails to Win Dismissal of Self-Dealing Suit
The defendants argued that a court decision in a self-dealing lawsuit against Wells Fargo supports their motion to dismiss their...
Gannett Faces ERISA Stock Drop Complaint
The lawsuit alleges that Gannett Co., its benefit plans committee and other fiduciaries’ decision to concentrate plan investments in Gannett’s...
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Investment Products and Services Launches
Hartford Funds lowers fees for six ETFs; oekom research joins ISS, renames brand; T. Rowe Price releases multi-strategy fund; and...
DOL Reaches Settlement for Plans Affected by Fraudulent Loans
U.S. Fiduciary Services and three of its subsidiaries agreed to provide payment of more than $7 million to 42 retirement...
Americans Confident DC Plans Can Help Them Meet Their Goals
They like the tax advantages, investment opportunities and investor control that 401(k)s and other DC plans offer them, ICI finds.
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Investment Products and Services Launches
BCG adds 401(k) managed account from Stadion to recordkeeping platform; Mercer partners with Investment Metrics for client reporting; BCM TDF...