Mutual Fund Fees Remained Steady in 2009
The average expense ratios of stock and bond funds rose slightly in 2009, but the total fees and expenses paid by investors remain largely unchanged on an asset-weighted...
Tag: Fees
Beverly Enterprises Settles 401(k) Excessive Fee Charges
Beverly Enterprises has agreed to settle for $6.25 million claims that it caused its 401(k) plan to incur excessive fees.
Supreme Court Sends Investment Adviser Fee Case Back to 8th Circuit
The U.S. Supreme Court has sent a case contending that Ameriprise Financial’s fund fee structure violated the Investment Company Act back to the 8th U.S. Circuit Court of...
High Court Sides with Investors in Fee Case
The U.S. Supreme Court has ordered a federal appellate court to take another look at its ruling that mutual fund managers can only be held liable for charging...
investment-oriented
Hard to Fit
Despite interest by clients, ETFs are not a slam dunk in retirement plans
IMHO: Court “Case”
For all the fuss about fees, a recent friend of the court filing by the Department of Labor reminds us that it’s not just what you...
Solis Asks Court to Overturn Exelon Excessive Fee Case Decision
Secretary of Labor Hilda L. Solis has filed an amicus brief asking the 7th U.S. Circuit Court of Appeals to overturn a trial court's dismissal of a class...
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.
Seniors Say Short is Sweet with Investment Prospectuses
When it comes to reading, most affluent seniors don’t want to snuggle up with a lengthy description of their investments, a new survey suggests.
IMHO: Income Tacts
I don’t know if you’ve gotten to this point in your year yet, but we’ve started doing taxes in our household.
cover story
The Path Ahead
Plan sponsors want more fee disclosure, and regulators will likely require it soon. That is both a threat and an opportunity for advisers.
research
Putting the Pedal to the Mettle
Advisers look beyond performance in making fund selection but not much further
Hartford Agrees to $13.8M Revenue-Sharing Case Settlement
The Hartford Life Insurance Co. will pay $13.8 million to settle a four-year-old fiduciary breach suit over revenue-sharing payments from mutual fund companies.
Neuberger Berman Settles in Revenue Sharing Case
A federal court judge has given preliminary approval to a partial settlement in a lawsuit accusing Hartford Life Insurance Co. and Neuberger Berman Management of entering into revenue...
Lord, Abbett Trims International Funds’ Expense Ratios
Lord, Abbett & Co. has reduced the net expense ratios on two of its funds, effective December 31.
U.S. Supreme Court Turns Away Deere Fee Case
A closely watched case involving the dismissal of a lawsuit alleging excessive 401(k) fees by Deere & Co. won’t get a hearing before the nation’s highest court.
BrightScope Unveils 401(k) Fee Reports for Participants
BrightScope said its new Personal 401k Fee Report product allows 401(k) plan participants to figure out what they pay in fees.
DC Sponsors Say Reviewing Fees Most Important Fiduciary Action
Defined contribution (DC) plan sponsors said reviewing plan-related expenses was the most important fiduciary action they took over the past year, according to a Callan Associates survey.