Court Finds Nothing Wrong with Fidelity's Use of Float Income |
The 1st U.S. Circuit Court of Appeals has ruled that “float income” Fidelity retained in the process of making distributions to retirement plan participants is not a plan asset, so Fidelity did not violate its fiduciary duties under ERISA.
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401(k) Participant Sues Target over Company Stock |
Recognizing the new pleading standards set forth in Fifth Third v. Dudenhoeffer, the lawsuit suggests alternative actions plan fiduciaries could have taken rather than continuing to allow investments in company stock.
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The Value of Surveying Your Clients |
To learn more about their clients’ perceptions of service and deliverables, some retirement plan advisers now survey the plan committees and other key executives at their clients’ firms, either annually or once every few years, to make sure they are meeting their clients’ goals.
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Evolution in Use of Institutional Multi-Asset-Class Solutions |
Cerulli’s latest survey of institutional investor priorities and behaviors shows lasting momentum for multi-asset-class solutions, but also some challenges for the market segment.
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