T shares and clean shares increase transparency and reduce entrenched conflicts of interest, offering a cost benefit to investors, the fund researcher finds.
Fidelity Investments, the largest record keeper, extended its dominance in 2016.
The president's advisers have signaled he'll sign a bill to make it unlikely that state auto-IRAs are put into place as well.
Certain provisions of the rule will kick in putting those affected advisers more squarely in the line of fire of the litigation enforcement mechanism of ERISA.
The plaintiff takes issue with a so-called "layering scheme" in BlackRock's fund structure, whereby a fund's underlying proprietary investments charge additional fees that "cannibalize" returns for employees.
The lawsuit is the first among similar cases to proceed to hearings on summary judgment, and may be telling as to how future judges rule.
The bills are similar to ones introduced in the previous Congress, but failed to pass commitee.
The founder of Vanguard Group said he questioned everything while his firm innovated the index mutual fund, in his address to InvestmentNews' Icons & Innovators inaugural class
It's likely other record keepers will introduce similar services, which mark an evolution among default investing in 401(k) plans.
