The three-judge panel reversed a ruling by a U.S. District Court judge in Los Angeles.
Continuing education about long-term investing likely contributed to participants' behavior, executives said.
Recent surveys highlight troubling gaps that reduce operational efficiency and increase risks of ERISA lawsuits.
Lawsuit alleges self-dealing in the insurer's use of funds from a wholly owned subsidiary, United of Omaha.
New research shows participants prepare better for retirement if they're told how their savings will translate into monthy income.
Target-date funds are the most popular qualified default investment alternative.
After a decade of activity around the lawsuit, including a hearing before the U.S. Supreme Court, judge rules a prudent fiduciary would have invested in institutional shares.
The $16.75 million settlement comes after 10 years of litigation.
Fees and costs remained at or near the top of respondents' answers in a new survey by Pacific Investment Management Co., no matter how the questions were phrased.
The lawsuit alleges that half of the 401(k) plan's investment options were affiliated with J.P. Morgan.
