Second Lawsuit Over Duke University 403(b) Plan Filed
The new lawsuit alleges the university engaged in prohibited transactions when it used revenue sharing from plan investments to pay for HR staff salaries and fringe benefits.
Tag: revenue sharing
Different Flavors of Fee Levelization
As one of the first steps of pursuing fee levelization, plan sponsors and advisers should consider whether participants will be charged on a “pro rata” or “per capita”...
Beyond (k)
Clean Shares’ Popularity
The class improves fee transparency but still needs a clearer definition
Penn State to Adopt Fee-Leveling Approach in Retirement Plans
An announcement also notifies plan participants about revenue sharing paid to TIAA from some investment funds and says revenue sharing will be rebated to participants.
Wells Fargo Faced With Revenue Sharing Lawsuit
Despite Wells Fargo's admission and resolution of an error, the Chattanooga Fire & Police Pension Fund wants an accounting of all compensation the bank received while it was...
More DC Plan Sponsors Lowered Fees After Reviews in 2017
In the majority of cases, the plan’s consultant/adviser conducts the benchmarking (82.8%)—higher than in prior years, Callan finds.