Compliance
Serco Settles Excessive Fee Case for $1.2 Million
The class action lawsuit had charged the Navy defense contractor with selecting higher-cost mutual funds when cheaper options were available, and with allowing excessive fees in its 401(k) plan.
Regulatory & compliance | litigation
Compliance News
A Question of Liability
When the rash of litigation yields scant legal precedent, what can advisers take away?
Legislative and Judicial Actions
HSA inflation adjustment, 403(b) catch-up contributions, tax treatment under the CARES Act, and more.
Compliance News
Compliance
Compliance
Compliance News
Legislative and Judicial Actions
New Plaintiff Adds Claims to University of Chicago 403(b) Suit
While a federal district judge had dismissed some claims last fall, the introduction of a new plaintiff in the case adds them back.
Excessive Fee Suit Filed Against Multiemployer Plan
The lawsuit challenges the use of retail share classes for the plan's investment menu and revenue-sharing paid to the plan's recordkeeper.