trendspotting May – June 2012

An Acceptable Portfolio

Court dismisses claims of improper investment selection

Reported by

Rebecca Moore

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The agreement, in which Costco admits no wrongdoing, also includes mandatory changes to the plan’s fee management process.

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Principal Defeats Guaranteed Investment Contract Lawsuit in District Court

At the heart of the complaint were guaranteed investment contracts, a type of group annuity contract sold to retirement plans, issued by Principal to ERISA-covered retirement plan participants.