Tag: Fees

The investment advisery firm Edward Jones says it will look to grandfather IRA relationships acquired before April 2017, while also instituting some fundamental changes to process and product...

The IRS has eased the timeline for investors hoping to avoid taxes and penalties while moving money plan-to-plan or to an individual retirement account. 

By comparison, ICI data shows that plans of all sizes pay an average of 1.29% in fees.

Cerulli research highlights the ongoing push among institutional asset owners away from investments that include revenue sharing. 

Plan officials are accused of steering participants into investments that charged improper amounts of revenue-sharing and other fees that benefitted the mutual fund partners of Edward Jones. 

The lawsuit also says there were investment options other than proprietary options that underperformed and charged excessive fees.

As with the previous lawsuits, the complaints call out the large number of investment options offered to participants, high expenses for these investment options and the use of...

Attorneys point out that 403(b) plans have distinctions from 401(k) plans that cause them to have a different model.

Another law firm has joined in the filing of lawsuits against major universities' 403(b) plan designs.

All lawsuits accuse major universities of not using their bargaining power to get lower fees for recordkeeping and investments.

According to the compliant, the university failed to use the plan’s bargaining power, causing the plan to pay “unreasonable and greatly excessive fees for recordkeeping, administrative, and investment...

The appellate court voted to review en banc its previous decision in the excessive fee lawsuit.

The complaint says each time the plan paid fees to Neuberger Berman, or other Neuberger entities, in connection with the investments in proprietary funds, the defendants caused the...

In addition to calling out Franklin Templeton for using high-cost proprietary funds in its plan, the lawsuit challenges its choice to offer its money market fund rather than...

As investment adviser to the Checksmart 401(k) plan, Cetera Advisor Networks, has been accused of breaching fiduciary duties by only making available high cost funds to the plan.

Findings from a Natixis survey suggest many investors have expectations that “don’t reflect a full understanding of the risks of index funds versus the benefits.”

At year-end 2015, 89% of mutual fund assets in 401(k) plans were held in institutional and retail no-load share classes, according to the ICI.

Jefferson National is teaming up with Cetera Financial Group to supply a new tax-advantaged annuity investing solution.

John Hancock Investments enacts expense reductions in TDF suite; Defined Contribution Real Estate Council publishes investing checklist for plans; Morningstar introduces new global risk model; Global Retirement Partners teams...

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.