The Markets March 16th, 2022 Investments That Protect Participant Assets From Inflation Exposures can be offered as standalone investments on via target-date funds.
Publisher’s Note What’s Good for Them If clients ask to add digital investments to their plan, the adviser needs to stress prudence.
Data & Research January 27th, 2022 Nearly 60% of Investors Surveyed Want Digital Assets in Retirement Plans However, the survey found almost two-thirds of advisers wouldn’t recommend retirement investors allocate funds to any digital asset.
Compliance January 18th, 2022 PPL Corp. and Mass Brigham General Face ERISA Lawsuits Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Compliance January 14th, 2022 Lawsuit Alleges Choice of Target-Risk Funds Caused Losses to Participants Milliman has been accused of failing to remove poorly performing investments, subadvised by its affiliate, from its 401(k) plan.
Compliance December 13th, 2021 Will the Supreme Court Give Plan Sponsors Any Relief From Excessive Fee Lawsuits? They haven’t gotten any solutions so far from lower courts, but a high court ruling could affect the number of...
Compliance December 8th, 2021 Exelon Faced With ERISA Excessive Fee Suit The lawsuit claims Exelon used proprietary funds with excessive fees and allowed participants to pay excessive fees for recordkeeping and...
Compliance November 18th, 2021 Some Claims Dismissed in LinkedIn Excessive Fee Suit However, the judge has granted the plaintiffs leave to amend the ERISA complaint.
Compliance October 22nd, 2021 GKN Latest to Face Scrutiny Over GoalMaker Service Though its GoalMaker portfolio management solution features prominently in the plaintiffs’ allegations, Prudential is not a party in the case.
Compliance September 24th, 2021 Northern Trust Accused of Fiduciary Breaches Related to AutoZone 401(k) The firm has been added as a defendant in a lawsuit that challenges the use of Prudential's GoalMaker asset allocation...
Compliance September 20th, 2021 Most Claims Move Forward in Suit Over Aon CITs in 401(k) Plan A court refused to dismiss most claims against Aon Hewitt Investment Consultants and Centerra Group 401(k) plan fiduciaries.
Compliance August 17th, 2021 2nd Circuit Sends Elements of NYU ERISA Suit Back to District Court The appellate court agreed with the plaintiffs that the lower court erred in dismissing share class-related claims and in denying...
Compliance July 26th, 2021 401(a) Plan Sponsor’s Use of Asset Allocation Solution Challenged in Lawsuit The suit says the solution directed participant contributions into high-cost investments.
The Markets June 28th, 2021 GAO Studied Retirement Plan Climate Change Risk Assessments The agency recommended that the Federal Retirement Thrift Investment Board (FRTIB) evaluate the risk of climate change on the Federal...
Compliance May 7th, 2021 KeyCorp Succeeds in Getting Some Claims Dismissed in Excessive Fee Suit A court dismissed claims regarding KeyCorp plan’s stable value fund option but moved forward some claims regarding excessive administrative and...
Compliance April 16th, 2021 Judge Finds Most Allegations Sufficient in Lawsuit Over CITs Among other claims, the lawsuit says Aon and a 401(k) plan sponsor caused the plan to invest in Aon’s proprietary collective investment trusts (CITs) for Aon’s benefit.
Compliance April 15th, 2021 Barnabas Health Retirement Plan Lawsuit Moves Forward Plan fiduciaries' motions to dismiss the excessive fee suit were denied as a federal judge found the plaintiffs' claims were...
Compliance April 5th, 2021 Judge Moves Forward ERISA Suit Against Coca-Cola Bottler The judge found that plaintiffs in the case challenging the use of an actively managed TDF suite rather than its...
Compliance April 1st, 2021 ICON Clinical Research Faces Common ERISA Claims One feature the new complaint has in common with suits filed previously by Capozzi Adler is its reliance on comparing...
Compliance March 31st, 2021 Judge Moves Forward Claims in Lawsuit Against Schneider Electric Claims were also moved forward against defendant Aon Hewitt Investment Consulting related to a target-date fund (TDF) switch.