Complaint Accuses Stifel of 401(k) Investment Mismanagement
The plaintiffs contend that the financial services firm ignored and retained underperforming investments at the expense of plan participants.
Compliance
Industry Groups Back Trump Accounts, Seek Further Guidance
Employer, retirement and investment firms wrote letters to the Department of the Treasury asking for clarity on the savings accounts’...
Liberty Mutual Settles 401(k) Excessive Fee Case for $13.4M
The insurer maintains its retirement plan was managed prudently and in compliance with federal law.
Appeals Court: Multiemployer Pension Fund Cannot ‘Double Count’ Transferred Assets
The Mar-Can Transportation Co. faced approximately $1.8 million in assessed liability after switching unions.
Health Care System Settles Forfeiture Case for $42.7M
More than $21 million currently held in Providence Health & Services’ forfeiture accounts will be distributed to plan participants.
NYC Pension Groups Claim AT&T Violated Securities Law
The telecommunications company excluded a shareholder proposal that would require it to publicly disclose detailed workforce demographic data.
How Will Private Markets Exposure Impact Fiduciaries?
Experts say the conversation about alternative investments in defined contributions plans has shifted from whether they can be used in...
SEC Chair Atkins Updates House on Introducing Private Assets to DC Plans
Addressing the House Committee on Financial Services, Paul Atkins said that 401(k)s should have access to alternative investments, much like...
Supreme Court Delays Intel 401(k) Hearing Until October
Intel workers are contesting the private equity investments within their 401(k) plan.
How Will Fee-Disclosure Rules Impact PBMs?
The new federal reporting provisions for pharmacy benefit managers are more than a generic transparency mandate, according to Groom Law...
Judge Dismisses Complaint Against Vanguard Over Transfer Fees
A federal judge dismissed a complaint challenging Vanguard Marketing Corp.’s $100 fee for customers who close their brokerage accounts and...
District Court Allows 401(k) Forfeiture Case to Go to Trial
The district judge denied a motion to dismiss claims that Illinois Tool Works and its plan fiduciaries had breached their...
Bench Trial Ordered for Nationwide ERISA Case
The complaint alleges that Nationwide’s 401(k) plan improperly included an affiliated stable value fund that gave company employees less favorable...
2 ERISA Complaints Settled by Ricoh USA for $1.75M
The company was accused of mishandling forfeitures and having excessive plan fees.
AI: From ‘in the Loop’ to in Control
Artificial intelligence’s rapid advancement presents ongoing occasions for financial advisers to assess its ethical use and best practices.
Form 5500 Filing Simplification Act Introduced in House
The legislation would extend the filing deadline by nearly three months and expand the current electronic filing process.
Congress Passes PBM Price Disclosure Measures
The new law requiring pharmacy benefit managers to explain prescription drug costs could impact a key factor in retirement readiness.
ERISA Settlements Provided $68 per Plaintiff in 2025
Analysis of 401(k) settlements raises questions about who really benefits from ERISA litigation.
Ex-Wife Awarded Deceased Partner’s Retirement Plan Assets
An appellate court ruling settled a lawsuit over whether a retired worker had properly changed his beneficiary.
Digital Asset Market Structure Bill Moves Forward Following Senate Committee Vote
The legislation is likely to face Democratic opposition.