Tag: Fee disclosure

The DOL’s fee data proposal is fairly straightforward, but could trigger a prohibited transaction, says Bruce Ashton, a partner in Drinker Biddle & Reath’s Los Angeles office.

The St. Louis-based law firm of Schlichter, Bogard & Denton filed a class action on behalf of participants in the retirement plans of Novant Health Inc., seeking the...

The U.S. Department of Labor is seeking public comments about a proposed revision to fee disclosure rules that would simplify the way fee data is presented to some...

Current regulations and the current plan administration landscape make it more likely plan sponsors are complying with Employee Retirement Income Security Act (ERISA) Section 404(c).

John Hancock Retirement Plan Services (JH RPS) is implementing a new way of pricing its 401(k) plan services that will help plan sponsors and advisers address the issue...

A Yale Law School professor known for making waves in the retirement industry released a study arguing plan sponsors tend to establish investment menus that encourage underperformance.

In this new age of fee disclosure, it may be surprising to some that more than one-quarter (26.6%) of respondents to PLANSPONSOR’s 2013 Defined Contribution (DC) Survey do...

Secretary of Labor, Thomas E. Perez, has filed a federal court brief disputing a district court’s dismissal of John Hancock’s liability in an excessive fee case.

Northeast Professional Planning Group Inc. (NPPG) now offers ERISA 3(16) fiduciary services to assist plan sponsors in day-to-day administration and compliance efforts.

Another participant in Fidelity Investments’ own retirement plan has brought a lawsuit saying participants paid excessive fees.

The Securities and Exchange Commission (SEC) released twin recommendations advising Congress to align adviser and broker/dealer fiduciary standards and exact “user fees” from SEC-registered advisers.

A new website offers plan sponsors and advisers guidance on meeting fiduciary obligations related to employer-sponsored retirement plan fee disclosure regulation.

Portico Wealth Advisors released a report to educate plan sponsors about new fee disclosure and analysis requirements.

Fee disclosure is not something to fear but “an opportunity to differentiate yourself as a retirement-focused practice,” said Vincent Morris, president of Bukaty Companies Retirement Plan Services, at...

The type of adviser you are—fiduciary or nonfiduciary—dictates your business model, said Brad Campbell, counsel in Drinker Biddle & Reath’s Washington, D.C., office and speaker at the PLANADVISER...

A federal appeals court affirmed the dismissal of a lawsuit against Fidelity Management Trust Company regarding excessive fees.

Lincoln Trust launched a tool that enables plan sponsors and advisers to compare the costs of different 401(k) plans.

Retirement plan sponsors can reset their annual due date for providing participant fee disclosures under relief provided by the U.S. Department of Labor.

The investment strategies group of Mesirow Financial rolled out fiduciary services for ERISA sections 3(21) and 3(38) through CPI Qualified Plan Consultants Inc.

It’s a situation dreaded by every service provider to a retirement plan: an investigation by the Department of Labor (DOL).