Tag: Fees

The lawsuit contends layering of BlackRock proprietary funds within its TDFs causes excessive fees for plan participants.

Before ultimately finding plaintiffs' claims were time-barred, a judge found Putnam's mutual fund fees were reasonable and a comparison to Vanguard funds was "apples to oranges."

The plaintiffs claim the defendants breached their fiduciary duties because a prudent fiduciary would not retain the American Beacon Funds, which were created by American Airlines' parent company,...

The lawsuit says disclosures show the proprietary funds used in the DC plan lineup were far more expensive than comparable funds and underperformed their benchmarks.

The suit charges Anthem 401(k) plan fiduciaries with offering plan investments with excessive fees and paying too much for recordkeeping services, among other things.

 

Two lawsuits filed against the company alleging a failure to prudently manage retirement plan investment and administrative fees have survived preliminary motions to dismiss. 

Market forces may drive some of the reforms the Department of Labor sought to achieve under the Obama presidency—but a cadre of investors also remains committed to commissions. 

The new tool helps employers compare expenses such as administrative and fund-lineup fees against that of three major recordkeepers.

By studying millions of data points, the PruNow tool will seek to identify plan design inefficiencies and offer solutions, while projecting ROI.

New research suggests that total retirement assets in CITs have grown rapidly in the last few years and potential advantages can be very appealing for plan sponsors.

The company has seen an upsurge in new plans moving to fee-for-service categories. 

For one thing, a judge found plaintiffs' allegations concerning switching to a newly created Reliance Trust Company TDF were sufficient to state a claim.

ETFs have taken on a central role in critical investment functions like risk and liquidity management. 

A judge concluded that the legal and factual merits of plaintiffs’ claims are better resolved on a fuller factual record, either in the context of a motion for...

The lawsuit alleges the defendants failed to loyally and prudently monitor the fees and performance of 401(k) plan investment options, and simply retained in-house funds to enrich T....

The insurance company will pay $3,000,000 to a settlement fund.

An EBRI analysis examines reasons why demand for immediate annuities among retirees and near-retirees remains low. 

Some experts see CITs gaining big ground in retirement plans; others see mutual funds holding them off. 

The latest results of the Fidelity Advisor Investment Pulse survey show advisers continue to focus on implementation of new fiduciary controls across different elements of their practices.

“About 45% of households believe the financial advice they receive is free, or they are unsure whether they pay for financial advice, but there are several forces driving...