Tag: retirement plan investing

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.

Enhancements include a new investment option from Principal Global Investors geared to minimize market risk by leveraging fixed income investment options that provide a guaranteed crediting rate.

They say the Federal Reserve’s fiscal and stimulus moves have put a floor under the equity and bond markets.

An Information Letter addresses private equity investments as a component of a professionally managed asset allocation fund and outlines what plan fiduciaries should consider.

Plan participants allege prohibited transactions between a plan sponsor and its investment manager relating to a revamp of the plan's investment lineup.

The plan's investment adviser is also named as a defendant, accused of helping select and retain high-cost, poorly performing funds.

The lawsuit almost completely mirrors allegations in complaints recently filed by the same law firm.

Among other things, the plaintiff alleged fiduciaries of the plan were imprudent in their consideration of participants’ varying interests and needs in the plan’s allocation structure and investment choices.

“Although the unfortunate reality is that volatility like this may be here to stay until the coronavirus runs its course, experience has proven time and time again that cool heads typically prevail,” analysts say.

From an operating perspective, plans can use private investments in a multi-asset class investment vehicle.

M&T Bank or its insurers will also pay a gross settlement amount of $20,850,000 into a common fund for the benefit of class members.

The research paper not only illustrates potential return characteristics and diversification benefits, but also offers allocation strategies to guide investment decision making.