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Associated Banc-Corp is also accused of allowing the plan to pay excessive recordkeeping fees to its subsidiary.

Fee waivers, accelerated processing and educational resources are being offered.

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The parties report they have resolved the case, and the judge dismissed the action with prejudice—meaning another complaint cannot be filed.

The majority of respondents to a Cuna Mutual Group survey feel positive about their prospects for upward wealth mobility; on the other hand, a quarter say they have no emergency savings.

During a couple’s divorce proceedings, a property settlement awarded the ex-husband half of the ex-wife’s 401(k) balance and the entire amount in her individual retirement account (IRA), but no (QDRO) was ever executed and the ex-husband has undertaken no other action to obtain possession of the assets.

Investment Metrics finds most plans have rebalanced their portfolios towards the lower end of their target allocation to U.S. equity, or, they have shifted to global equity instead, diversifying their equity risk.

With industry statistics showing that 25% of advisers have changed firms in the last four years, there are clearly many advisers in pursuit of the right business model.

A survey revealed that 46% of Millennials think you need at least $1,000 to start investing, and 17% think you need $10,000.

Transamerica Launches Stable Value Account for Retirement Plans; TD Ameritrade to Provide CLS Fund Models on Market Center Platform; Fidelity Offers Third ESG Investing Option; and more.

Panelists discussed recent trends in fees and how providers can keep plan sponsors and participants up to date. 

Voya Adds Account Executive for Large Corporate Market Business; Stadion Appoints Vice President of Business Development; OneAmerica Hires Client Relationship Executives; and more.

The redesign also includes expanded educational content surrounding annuities. 

Franklin Templeton Expands ETF Lineup with Three Additional Funds; Hartford Funds Launches Short-Duration ETF; First Trust Launches Actively Managed ETF; and more.

Only 2.7% discontinued contributions, according to the ICI.

For the period from June 9, 2017, until after regulations or exemptions or other administrative guidance has been issued, the agency will not pursue prohibited transactions claims against investment advice fiduciaries who are working diligently and in good faith to comply with the impartial conduct standards for transactions that would have been exempted in the BIC Exemption and Principal Transactions Exemption.

The lawsuit claimed Voya Financial and Voya Retirement Advisors (VRA) engaged in prohibited transactions in violation of ERISA through a service arrangement with Financial Engines.