Court Clears Path for Stock-Drop Class Action
A former Comcast Corp. employee is qualified to serve as a class representative in a stock-drop lawsuit against Comcast Corp., a federal judge in Pennsylvania ruled as he...
Tag: 401(k)
Wells Fargo Wins Some, Loses Some in Self-Dealing Case
A federal court judge has certified as a class action a lawsuit against Wells Fargo over offering mutual funds from one of its affiliates as 401(k) plan investments.
PwC Cleared of Anti-Cutback Claims over BofA Plan Transfers
A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the Employee Retirement Income Security Act (ERISA) anti-cutback rule by allowing Bank of America...
Lawyer Disqualification Move Rebuffed in 401(k) Suit
A federal judge in West Virginia has ruled that lawyers simultaneously representing plan administrators and plan participants do not necessarily have a legal conflict of interest that would...
Court Finds Principal not a Fiduciary in 401(k) Rollover Case
A federal district court recently denied class certification in a lawsuit relating to the rollover of funds from 401(k) plans nationwide for which Principal Life Insurance Company provided...
Principal Unveils Adviser-Based Asset Allocation Product
The Principal Financial Group has released RetireView, a product designed to help plan advisers help participants in their client plans choosing their optimum asset allocation.
Participants, Non-Participants Have Different Retirement Realities
Workers offered 401(k) plans exhibit more proactive retirement savings behaviors, demonstrate higher levels of knowledge about retirement investing, and are more confident in their ability to retire comfortably,...
Great-West Adds Sales Director in Northern Texas
Great-West Retirement Services has appointed Todd Champney as regional sales director based in Dallas.
PEO Provider Pairs with The Hartford for 401(k)
Smart-Tek Automated Services, Inc., has signed an agreement to offer its client employees a 401(k) plan through The Hartford Financial Services Group, Inc.
401(k) Rekon Kicks off Symposiums for Retirement Plan Advisers
401(k) Rekon, a recently launched research provider for retirement plan advisers, is hosting its first symposium.
More Employers Reinstating Match in 2010
Research from Fidelity Investments indicated many employers are reinstating employer matching contributions to their 401(k) plans.
Pace of Plan Change Still Positive, But Slow
Participants were more likely to gain access to advice last year – but the pace of expansion was slow.
RLP Capital Launches Green 401k
RLP Capital, Inc., has launched The Green 401k, which offers more than 130 socially responsible mutual funds, as well as over 8,000 traditional mutual funds.
investment-oriented
Hard to Fit
Despite interest by clients, ETFs are not a slam dunk in retirement plans
Company Stock Procedural Appeal Allowed by Court
A federal judge in Tennessee has allowed First Horizon National Corp. to ask a federal appellate court to resolve a still-murky procedural issue in stock drop cases.
fiduciary fitness
Deferred Gratification
Final section 409A regulations are complicated, but offer opportunities for advisers
Smart401k Releases New Retirement Planning Tool
Smart401k has released a new proprietary retirement planning tool that provides clients with a way to track progress toward their retirement goals and determine how changes in retirement...
Level Comp Coming Soon from Fidelity for 401(k) Advisers
Fidelity Investments will be unveiling a new fee structure as well as enhanced reporting and payment processes for advisers who sell its plans.
Auto-Enrollment Produces Greater Benefit for Young, Low-Income Workers
Research from the Employee Benefit Research Institute (EBRI) found that automatic enrollment of participants in 401(k) plans is likely to be most beneficial to young and low-income workers,...