| Fidelity Targeted in Fee Suit Over Advice and SDBA Offerings |
| The lawsuit alleges that, in order to be included as the investment advice service provider on Fidelity’s platform, Financial Engines agreed to pay—and is paying—Fidelity a significant percentage of the fees it collects from 401(k) plan investors. Plaintiffs say these fees are not being paid for any substantial services.
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| Lessons for Long-Term Investors from Active Stock Pickers |
| Many DC retirement plan participants have saved large sums without ever actually picking a stock, but that doesn’t mean their advisers can afford to lose touch with the latest market trends.
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| Sponsors Fail to Measure Retirement Readiness Success |
| There is also a disconnect between what sponsors think participants want from them and how much more proactive participants would like their employers to be.
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| Saint Francis Reaches Settlement in Church Plan Case |
| Saint Francis Hospital, one of many health care organizations that have been sued over the “church plan” status of their pensions, has agreed to a $107 million settlement of its case.
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