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Costco Sued Over 401(k) Plan Investment, Recordkeeping Fees
The complaint calls out the warehouse club's use of "more costly ‘actively managed funds’ rather than ‘index funds’ that offered equal or better performance at substantially lower cost."
Build Referral Networks to Find the Right Clients
Advisers need to understand that developing referral sources can take as long as five to seven years and that there is no one-size-fits-all approach.
DOL Proposes Stricter Rules About ESG Investing in Retirement Plans
Secretary of Labor Eugene Scalia says employer-sponsored plans ‘are not vehicles for furthering social goals or policy objectives.’
Aon and Voya Team on Pooled Employer Plan
Aon has announced the launch of a new pooled employer plan (PEP) to be recordkept by Voya.
IRS Establishes CARES Act RMD Rollback Framework
Anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back.
Second Circuit Maintains Ruling in IBM Stock Drop Suit
The 2nd U.S. Circuit Court of Appeals has remanded the litigation suit back to the district court for a second review.
Should Fixed Income Come First in Glide Path Discussions?
The equity side of the portfolio tends to get a lot of air time, but experts agree that a more balanced approach should increase the likelihood of participants...
SEC’s Punitive Authority Tested by Latest SCOTUS Ruling
A nearly unanimous Supreme Court has seemingly set new limits on the punitive authorities of the U.S. Securities and Exchange Commission (SEC), though just how much has changed...
Cetera Launches Financial Wellness Program for Advisers to Offer
The new offering can be bundled with an investment professional’s delivery of a retirement plan to small businesses, or it can be offered on an education-only basis.
Advisers Giving Back
An Asset to Society
Celebrating the good works of advisers who give back to their communities.
Some Parties Question PE’s Role in DC Plans
It is common to hear that private equity (PE) has been the best performing asset class in recent years for institutional investors, but a new academic analysis challenges...
Retirement Industry People Moves
Wagner Law Group appoints ERISA attorney to ‘of counsel’; Financial Fitness promotes former executive VP; ProManage adds senior VP and consultant; and more.
Lawsuit Says Plan Participants Shorted on Distributions During Coronavirus
A special valuation was processed before three terminated participants were given distributions of their 401(k) plan accounts.
Voices
An Uptick in Customer Arbitration?
Litigation risks to understand during the COVID-19 crisis.
Servicing Strategies
Compliance When It’s Tough
Advisers should scope out any plan errors to keep their clients on course.