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Retirement Plan Participants Sue Ardent Health Services
A new lawsuit filed against Ardent Health Services closely mirrors many of the ERISA challenges filed in 2019.
What Might the SECURE Act Mean for Lifetime Income?
Giving retirement plan sponsors legal protections when they offer lifetime income products doesn’t change the fact that investors generally have low opinions of annuities.
Advocates Hope a New Decade Will Bring Continued ESG Progress
Experts says environmental, social and governance investing mandates are being boiled down to more practical, discrete risk areas, such as cybersecurity or board diversity.
Plan Sponsors Sued for Investment Menu Practices
With regard to “improper selection and monitoring of plan service providers,” the lawsuit specifically names a broker/dealer representative whom it says was terminated in 2014 for “failure to...
The Year in ERISA Litigation
As have previous years, 2019 brought major settlements and decisions in retirement-plan focused litigation, including some precedent-setting appellate and Supreme Court decisions.
2019—the Year of Mergers and Acquisitions
Wells Fargo, PSC, Aspire, Charles Schwab, Hub International, CAPTRUST and many other firms have been involved in significant merger and acquisition activity this year.
Retirement Industry People Moves
Transamerica makes executive appointments; T. Rowe Price adds senior sales executives; the Segal Group hires senior vice president; and more.
UPenn Petitions Supreme Court to Review 403(b) Plan Case
The university argues that other courts would have required more than an appellate court did in its lawsuit to state a plausible claim.
Investment Product and Service Launches
LifeYield partners with financial tech provider; Vanguard changes manager structure of value funds; Northern Trust expands collateral management services; and more.
Cintas Corporation Accused of ERISA Fiduciary Breaches
Among other allegations, the national work uniform provider is accused of permitting high-cost mutual funds to persist on the retirement plan menu while cheaper but otherwise identical funds...
Retirement Industry People Moves
MassMutual announces multiple hires and appointments; Charles Schwab names former TD Ameritrade president as SVP; Hamilton Capital selects retirement plans director; and more.
Fiduciary Fitness
The Extent of Obligation
New committee members need not look for breaches to repair.
Trendspotting
How Plan Advisers Justify Their Fees
Despite fee compression, advisers are pushing back.
Cover Story
Foul Weather Fund
The value of facilitating emergency savings accounts at the workplace.
Investment Product and Service Launches
Fidelity announces expected SMA launch; Pershing integrates managed accounts to new annuity order platform; Ballast introduces equity strategies on Schwab managed account platform; and more.
Pension Plan Suit Against Archdiocese Will Move Forward
Among other things, the archdiocese of Newark was accused of filing for "church plan" status to avoid having to fund the pension plan of hospital employees.
Crafting Annuity Confidence and Clarity Is Hard Work
One passionate analyst says the highly nuanced annuity marketplace does not receive sufficiently careful attention from either the financial services media or potential consumers.