It can be tempting for those nearing retirement to turn to equities in a last ditch effort to improve retirement savings, but certain communications and plan design features can steer them in the right direction.
The suit alleges that defendants used the plan to increase their own revenue and seed new funds.
The lawsuit alleges fiduciary breaches related to ensuring reasonable administrative and investment fees.
Academics say "low-attention" investors let TDF managers favor their own families of funds at the expense of performance.
DCALTA says its framework addresses the key implementation challenge identified by plan sponsors: operational aspects of daily valuation of private alternative assets that do not trade on an exchange.
The firm is accused of self-dealing in its retirement plan in violation of the Employee Retirement Income Security Act, to the detriment of plan participants.
For most claims regarding the use of alternative investments in Intel Corp.'s retirement plans, the judge found the plaintiffs didn't prove their comparisons were suitable.
Researach also found that mutual funds that pay revenue sharing are more likely to be added to plan investment menus and are less likely to be deleted from them
A former participant in the Allstate 401(k) plan accuses plan fiduciaries of keeping poorly performing target-date funds on the investment menu and as the plan's default investment.
Admitting no wrongdoing, Reliance Trust will pay $39.8 million to settle the case.
The lawsuit against Principal Global Investors and related entities was abandoned.
New York transit worker pension plans say the firm's mismanagement caused 'astonishing' losses.
As in a lawsuit filed in July, the plaintiffs in the recent case challenge the use of an actively managed TDF suite over an index suite.
The lawsuit argues that while the TDFs in the plan are CITs, they are private label CITs with much higher expense ratios than the typical CITs offered by JPMorgan.