| Lawsuit Accuses Morgan Stanley of Self-Dealing in 401(k) |
| A participant in Morgan Stanley’s 401(k) plan has filed a lawsuit on behalf of approximately 60,000 current and former plan participants alleging the plan included investment options with excessive fees and used Morgan Stanley proprietary funds rather than other funds that would be better and cheaper for participants.
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| Cutting Kids Off Can Boost Retirement |
| It may not be emotionally easy to do, but clients can notably improve their retirement outlook if they reconsider financial support given to their self-sufficient adult children.
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| PLANADVISER Webcast: Decoding the Fiduciary Rule |
| Join our advisers-only webcast to get your questions about the new fiduciary regulations answered. Fred Reish, a partner in Drinker Biddle’s Employee Benefits & Executive Compensation Practice Group, and Christine F. Cushman, Technical Director at Nationwide Advanced Consulting Group, will discuss many aspects of the fiduciary rule.
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| Attack Against Large University Retirement Plans Continues |
| As with the previous lawsuits, the complaints call out the large number of investment options offered to participants, high expenses for these investment options and the use of multiple recordkeepers.
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