Law firms representing the plaintiffs cite fiduciary failures in moving to in-house funds and high fees for record keeping and managed accounts.
It’s effectively a new market for the retirement plan industry, but it’s an incredibly big frontier.
Except for a big investment in real estate, there wasn't that much divergence, a recent survey found.
The Supreme Court justices hinted at different positions on whether Northwestern did a disservice to participants by having too many options.
The insurance brokerage has been focused on expanding its presence in the retirement market, making numerous acquisitions and adding a service aimed at small businesses in March.
PSCA found that more nonprofits want to provide financial wellness services to participants, as well as retirement income options.
The plaintiffs failed to make any factual allegations about the Adidas plan sponsor’s process of selecting investments, the magistrate judge noted.
DPL added 11 more multi-year guaranteed annuities, or MYGAs, to its commission-free marketplace, which previously included a single product in that category.
Plaintiffs in a 2020 class-action lawsuit claimed the school failed to select competitive investments and administrative services.
Jason Roberts and Pete Swisher started Group Plan Systems to let investment managers offer PEPs to clients.
