Weekday news and analysis for retirement plan advisers

Monday, January 13, 2025 Exclusives | Awards | Research | Events

Compliance 401(k) Excessive Fee Litigation Spiked to ‘Near Record Pace’ in ’24 Encore Fiduciary reported a 35% increase in ERISA excessive fee litigation, in part driven by a surge in plan forfeiture lawsuits. News Feed Quick Links Deals & People Practice Management Products Client Service Data & Research Investing Compliance

Court Rules American Airlines Breached Fiduciary Duty in ESG Case A federal district court in Texas found that American Airlines prioritized ESG investment goals ahead of employees’ financial interests, violating its fiduciary duties under ERISA.

Today’s Most Read 1. 401(k) Excessive Fee Litigation Spiked to ‘Near Record Pace’ in ’24 2. Transamerica Introduces New Logo 3. John Hancock Retirement Announces Partnership With Vestwell

Retirement Industry People Moves – 1/9/25 Cervantes joins Prime Capital Financial; Corebridge Financial welcomes Klane as general counsel; Gallagher adds Helgens as retirement plan consultant.

Retirement Plan Investors Remain Cautious in December Amid Market Volatility Trading activity stayed subdued last month, with only two above-normal trading days recorded.

Catching Up With PIMCO’s Personalized Target-Date Funds The firm continues to pitch its myTDF, a personalized target-date-fund solution in market since 2023, as a way for plan advisers to bring clients a more personalized glide path.

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