Latest News

Compliance

April 07, 2017

Putnam Prevails in 401(k) Self-Dealing Suit

Before ultimately finding plaintiffs' claims were time-barred, a judge found Putnam's mutual fund fees were reasonable and a comparison to Vanguard funds was "apples to oranges."

April 06, 2017

American Airlines DC Plan Affiliated Funds Suit Moves Forward

The plaintiffs claim the defendants breached their fiduciary duties because a prudent fiduciary would not retain the American Beacon Funds, which were created by American Airlines' parent company, because they were more expensive than similar alternatives.

April 05, 2017

Coalition Deploys to Defend Retirement Savings

An organization comprised of industry advocates and businesses is set out to expand Americans’ access to retirement plans and protect the system’s retirement tax incentives.

 

April 05, 2017

EBRI Calls for Auto Plan Portability

If workers could automatically roll their 401(k) plan over to a new employer, the Institute says this could generate an additional $2 trillion in retirement savings.

April 04, 2017

Court Finds Intel Alternative Investment Suit Time-Barred

The lawsuit claimed the defendants breached their fiduciary duties by investing a significant portion of the plans’ assets in risky and high-cost hedge fund and private equity investments through custom-built target-date funds.