Tag: Fiduciary

A new proposed class action lawsuit suggests two providers were less than forthcoming about the real breakdown of advisory fees and underlying service arrangements. 

Even registered investment advisers, who have been acting as fiduciaries, will be impacted by the new rule.

Among all the highly informative breakout sessions at PLANADVISER National Conference, the most popular again this year includes the panel “Lessons Learned From Litigation.”

Americans are overwhelmed by financial stress, according to John Hancock's Retirement Plan Services latest survey.

A brochure from NAGDCA discusses fiduciary responsibilities for government DC plan sponsors and suggests ways to decrease liability.

Just two out of an increasingly large pile of amicus briefs filed in relation to litigation seeking to halt the new DOL fiduciary rule will be considered—both of...

An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S....

A new study from Strategic Insight predicts the DOL fiduciary rule will accelerate demand for institutional pricing of mutual funds sold through intermediaries.

They are also looking for fiduciary advisers and leading-edge technology.

Plan officials are accused of steering participants into investments that charged improper amounts of revenue-sharing and other fees that benefitted the mutual fund partners of Edward Jones. 

SEI held a webinar looking at how DC plans are changing and what this means for plan sponsors

According to the compliant, the university failed to use the plan’s bargaining power, causing the plan to pay “unreasonable and greatly excessive fees for recordkeeping, administrative, and investment...

The complaint says each time the plan paid fees to Neuberger Berman, or other Neuberger entities, in connection with the investments in proprietary funds, the defendants caused the...

In addition to calling out Franklin Templeton for using high-cost proprietary funds in its plan, the lawsuit challenges its choice to offer its money market fund rather than...

The plan sponsor ceased operations in 2004 and never properly terminated the plan.

Although the consultant is not named as a defendant in the suit, a former pension plan participant argues she was a fiduciary of the plan, rendering the named...

The agency defends its authority to issue a new rule and to extend provisions of the rule to IRAs.

An appellate court has partly reversed the dismissal of claims against Berkshire Hathaway retirement plan fiduciaries accused of violating ERISA benefit cutback provisions. 

Under the terms of a proposed lawsuit settlement, Transamerica will have to make structural changes in the way it runs its own retirement savings plan, including changing how...