Tag: 401(k)

The complaint says the retention of American Century's proprietary mutual funds in its own 401(k) has cost plan participants millions of dollars in excess fees.

In addition to calling Fujitsu's 401(k) the most expensive large plan in the country, the lawsuit calls out the defendants design and implementation of custom TDFs.

Increasingly, participants are being directed into default investments selected by the small business plan sponsors Vanguard serves.

The dismissal of the lawsuit against State Street still stands.

Asset classes with the most inflows were Bond funds, GIC/Stable Value funds, and Money Market funds.

A majority would go into debt to fund their child’s college education.

Until 401(k) plan sponsors are more comfortable offering in-plan retirement income products, the industry must find solutions to deliver nuanced advice around retirement income to low-balance investors, Cerulli...

Significantly more plan sponsors intend to take action in the form of negotiating for lower fees or lower-fee share classes, eliminating revenue-sharing arrangements, or consolidating the plan investment...

The investment management firm notes that nearly 40% of working households do not have access to a retirement plan.

The lawsuit argues that even a 114-participant, $9 million dollar 401(k) plan can get lower fees on investments and services.

The DOL is seeking nearly $250,000 in unremitted employer 401(k) contributions required by government contracts.  

Among those who did trade, fixed income was the favored asset class.

A survey found that employees are confused about benefits including group retirement plans, but retirement is their most important financial goal and they would like help from a...

In addition, the average balance for people who have been in their 401(k) continuously for 10 years increased 2% year-over-year, according to Fidelity data.

A survey found the two tied as the most commonly used resource for helping with investment allocation among 401(k) participants.

The DOL alleged that James Brunk and Brunk Industries Inc. failed to collect prevailing wage employer contributions for the employees’ 401(k) plan provided by government contracts for work...

A lawsuit filed by the Labor Department in 2015 alleged City National Corp.'s payments to its own staff to administer its 401(k) led to excessive fees for plan...

When working with tribal nations, building a solid relationship is the first and most important step.