They say the same policies that robbed people of the right to marry for so long continue to harm LGBTQ couples as they seek to access and protect their hard-earned pension benefits.
The lawsuit claims Exelon used proprietary funds with excessive fees and allowed participants to pay excessive fees for recordkeeping and managed account services.
The district court accepted a magistrate judge’s recommendation and dismissed the case based on the plaintiffs’ failure to state an actionable claim regarding the retirement plan fees they pay.
The SECURE Act became law at the very end of 2019, ushering in major changes for the retirement planning industry, and experts are again asking whether the close of 2021 could bring similar progress.
Alight has been sued by retirement plan participants whose accounts were hacked, and the Department of Labor is investigating the provider's practices.
The only changes in requirements that would necessitate a plan amendment relate to the multiemployer plan financial assistance program, and there were no changes that may require an amendment.
An Employee Benefits Security Administration report offers insight on how the agency gets leads for its enforcement actions.
The lawsuit claims the veterinary hospital network’s retirement plan, which has more than $500 million in assets, should have paid lower fees for recordkeeping and administrative services.
Supporters of the NAIC annuity transaction suitability model say a fiduciary-only approach to annuity purchase advice would limit consumer choice—a claim its opponents dispute.
The plan will automatically convert savers’ assets to a monthly paycheck at retirement unless they opt out of doing so.
While not a regulator, the Certified Financial Planner Board of Standards still keeps a close eye on its members’ conduct, and it has recently ordered sanctions against nearly two dozen advisory professionals for a variety of ethical failures.
The rule would require the reporting of certain material terms of those loans to a registered national securities association, which would then make information available to the public.
The allegations in the new lawsuit are familiar, suggesting the plan fiduciaries permitted the payment of excessive recordkeeping and investment fees over a lengthy proposed class period.
The RISE Act would increase automatic cashout limits, enable employers to offer small financial incentives for retirement plan participation and simplify plan sponsor disclosure requirements, among other things.
However, the judge has granted the plaintiffs leave to amend the ERISA complaint.
The agency says the net positive position for its multiemployer plan program is thanks to the American Rescue Plan Act (ARPA).
The securities market regulator is keeping a close eye on registered investment advisers, especially when it comes to their provision of digital advisory services and the accurate assessment of fees and expenses.