| Four Other 403(b) Plan Excessive Fee Suits Filed |
| All lawsuits accuse major universities of not using their bargaining power to get lower fees for recordkeeping and investments.
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| From the Magazine: TDF Evolution |
| “It’s not necessarily that we think there were problems with previous iterations of target-date funds, but the DOL, SEC and the industry identified the cost of defined contribution investments as a great concern,” one expert explains, “so there has been a tremendous amount of effort to lower costs within TDFs.”
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| Allianz Self-Dealing ERISA Suit Survives Dismissal Attempt |
| In a complex but informative ruling, a federal judge describes why many aspects of an ERISA complaint leveled against Allianz Asset Management should be allowed to proceed to a full trial, while others should not.
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| Participants Would Welcome Automatic Enrollment at 6% |
| Seventy percent think their company should automatically enroll them at a 6% deferral rate, and 75% said that if given a choice between a salary increase and a comparable company match, they would take the match.
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