The suit alleges that these defendants “…have kept two serially underperforming funds —the Harbor Capital Appreciation Fund and the Parnassus Core Equity Fund — in the Plan for over 10 years,” and ...
"Recordkeepers should continue to remind plan sponsors and participants that these services are available to increase utilization and help improve outcomes.” ...
A near $15 billion 401(k) plan has been sued for retaining “underperforming” investment options, including a target-date fund — allegedly costing participants more than $318 million.
The low-fee fight continues, and on Monday, Vanguard announced what it called “significant and wide-ranging cost reductions across its investment lineup.” ...
Washington remains volatile, but the policy momentum behind improving the retirement system is very real — and ARA intends to stay at the center of it.
Noting that “the fiduciary-centered issue in this case — one of dozens percolating through the courts — lives in the heartland of those standards in which clarity, uniformity, and consistency must ...
JPMorganChase this week announced that it will match the federal government’s one-time $1,000 contribution to children of eligible U.S. employees, joining several other firms in recent weeks that have ...
The scope and reach of RetireReady NJ — the state-run program that provides retirement plan coverage to private-sector employees whose employers do not — have been expanded.
The Financial Accounting Standards Board (FASB) is taking aim at how market-based cash balance plans measure liabilities for accounting purposes, potentially eliminating a long-standing cause of risk ...
Well, here we are again at the end of yet another workweek (and a month, if you can believe it!) . . . and yet, just look at what has happened to these guys and gals . . .
The events over the past week have significantly changed the likelihood that the federal government is heading towards another shutdown, although this time it would only involve certain agencies. So ...
It’s an ongoing retirement industry problem, specifically related to plan coverage and education — too often, those who need the most help get it the least.