Search results for: SCO
Exelon Fee Case Receives Class Action Status
Just days after the dismissal of a similar case in a different jurisdiction, a federal judge has agreed that an excessive fee suit against Exelon Corp. can move...
Security Benefit Reaches Deal to Acquire Rydex
Security Benefit on Thursday announced the signing of a definitive purchase agreement to acquire Rydex Investments.
Financial Services Benefits Offered By Less than Half of Employers in 2007
Although benefits offered by employers remained mostly the same in 2007 as in 2006, there was a slight decrease in the number of organizations that offered financial services...
IMHO: Fighting Words
“[T]he complaint is a rambling 38 page collection long on legal argument, public policy rhetoric and repetition, but vague in its allegations of facts which might be relevant...
IMHO: Fighting Words
“[T]he complaint is a rambling 38 page collection long on legal argument, public policy rhetoric and repetition, but vague in its allegations of facts which might be relevant...
Deere and Fidelity Fee Lawsuit Thrown Out
Plan sponsors and providers won a battle in the ongoing legal war over retirement plan fees last week when a federal judge in Wisconsin threw out suit brought...
Online 401(k) Links With Payroll Provider
The Online 401(k) has joined forces with Expedition Payroll to allow the payroll provider to offer integrated 401(k) and payroll packages.
Lowest Fund Fees in 25 Years, But Not for Funds-of-Funds
Investors in stock funds last year reportedly paid the lowest fees in more than a quarter century, thanks to preferences for lower-cost funds and increased competition among fund...
Professional Advice Calms Anxiety about Retirement
Those who have consulted a financial professional about retirement planning are much more likely to say they are comfortable or confident about retirement than those who have not...
Census Report Could Clue Advisers in to Opportunities
A report released by the U.S. Census Bureau on Wednesday provides information on new businesses and payroll that may aid advisers in finding new clients.
Participants Want Financial Planning Services within DC Plans
More than three-quarters (85%) of participants in 401(k) and other defined contribution plans say they would use general retirement planning services if available.
New DC Plan Offered to Small and Mid-Sized Companies
Investment firm Scott&Stringfellow Capital Management Inc. is collaborating with its holding company to offer a defined contribution retirement plan product for small- and medium-sized businesses.
Rydex Investments Near Reaching Deal to Sell
Rydex Investments, manager of mutual and exchange-traded funds (ETFs), is near a deal to sell itself for about $800 million to $1 billion, according to TheStreet.com.
The Adviser-Client Communication Disconnect
According to clients, more is not always better when it comes to meeting with their advisers.
ERISA Legal Standing Remains for Cashed-Out Participants
Although employees retired and took a full defined contribution plan distribution, they did not necessarily give up their rights to file a fiduciary breach suit, according to a...
Mutual Fund Trading Scandal Settlement Reached With Former Putnam Fund Managers
Former managing directors at Putnam Investments Justin Scott and Omid Kamshad have agreed to each pay $400,000 to settle charges with the Securities and Exchange Commission (SEC) over...
Mid-Year Amendments to 401(k) Safe Harbor Plans Allowed
The Internal Revenue Service has issued guidance sanctioning mid-year changes to 401(k) safe harbor plans regarding new rules for Roth deferrals and hardship withdrawals.
MassMutual Retirement Services Institutional Sales Team Adds Two
MassMutual Retirement Services has two new Managing Directors of Institutional Sales, effective May 1.