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A UPMC hospital system subsidiary in Altoona, Pennsylvania, filed a lawsuit claiming plan service provider CBIZ Benefits & Insurance Services made costly actuarial errors in projecting pension liabilities.

A new proposed class action lawsuit suggests two providers were less than forthcoming about the real breakdown of advisory fees and underlying service arrangements. 

If you had to guess, would you say that mobile applications or desktop web portals are top of mind for plan sponsor clients right now?

Two leading executives discussed the new fiduciary rule, retirement readiness, income and more.

VMS has added Mid Atlantic Trust Company as a trading destination and custody provider within its adviser and TPA network. 

“It is almost akin to buying fiduciary insurance,” says Tod Ruble with Custodia Financial. “Plan sponsors are maintaining fiduciary obligations and improving outcomes for participants.”

Advisers and other stakeholders are being asked to weigh in on the FASB’s agenda. 

Only 10% would not make an endorsement.

Nearly one-quarter have adopted at least one approach in their DC retirement plans.

Although the consultant is not named as a defendant in the suit, a former pension plan participant argues she was a fiduciary of the plan, rendering the named...

Recognizing the new pleading standards set forth in Fifth Third v. Dudenhoeffer, the lawsuit suggests alternative actions plan fiduciaries could have taken rather than continuing to allow investments...

A district court found the plaintiff did not meet pleading standards set forth in Fifth Third v. Dudenhoeffer.

According to the court opinion, as of November 2015, there were more than 270,000 ERISA plan participants in 13,600 retirement plans invested in the fund at issue in...

American Century Investments redesigns and renames large cap equity fund; Wilshire Associates Incorporated announces the launch of the Wilshire Bond Index. 

Plan sponsors are coming to appreciate that a smaller investment menu does not necessarily imply a less sophisticated menu. 

The final fiduciary rule is out, so what do you need to know? And, just as important, what can you do right now to prepare?

Following the firm’s open letter to Congress, it is working with key Senate and House members to submit a bill.

The 2nd Circuit used the same logic in prior decisions to determine plaintiffs had not proven Lehman plan fiduciaries violated the Employee Retirement Income Security Act (ERISA).