A memo to examiners lists actions 403(b) plan sponsors should take to locate missing participants in order not to be challenged on violating RMD rules.
Tag: 403(b) plans
While dismissing a new complaint in the litigation about excessive fees in NYU's 403(b) plans, a federal judge also denied summary judgment in the original complaint, moving the case forward to trial.
It is available to workers 18 years and older who have contributed to a company-sponsored retirement plan or IRA.
Plan fiduciaries have been charged with breaching their fiduciaries duties under ERISA by selecting more expensive share classes of investments than were available to the plan.
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In a statement, Cammack said, “We believe the claims have no merit and will be vigorously defending them.”
While a federal district judge had dismissed some claims last fall, the introduction of a new plaintiff in the case adds them back.
A federal district court judge has dismissed the university’s motion for reconsideration of its previous motion to dismiss, while simultaneously granting a motion to stay the litigation process as a parallel case makes its way to the controlling 3rd U.S. Circuit Court of Appeals.
A Lincoln Financial Group study found government employers want to see better technology, advanced plan designs and personalized service from providers.
This case was filed against NYU Langone Hospitals, NYU Langone Health Systems, the retirement plan committee, and several named defendants.