Results for "defined contribution plans"

Displaying 488 results

Sort: Date | Relevance

Author:

Jerry Schlichter's fee lawsuits have left an indelible mark on the 401(k) industry

September 23, 2017

At first glance, Sept. 11, 2006, may not stand out as a remarkable date in American history. But to retirement wonks, it is: That's the day a personal injury lawyer from St. Louis filed a flurry of lawsuits against major corporations, alleging...

Retirement plan advisers need to start marketing to providers

September 13, 2017

Defined-contribution-plan plan advisers are relying more and more on providers, especially asset managers, to help them with marketing and practice management. But resources are shrinking as margins get thinner, with more assets moving into...

Fiduciary liability defenses for advisers under ERISA

September 12, 2017

If an investment adviser makes a recommendation to a retirement plan sponsor or investment manager, who then follows that recommendation and later challenges it as a breach of fiduciary duty, there are several types of defenses available to...

Voya sued by participant in $2.8 million plan for excessive 401(k) fees

September 12, 2017

Voya Financial has been sued by a participant in a roughly $3 million 401(k) plan for charging allegedly excessive fees for record keeping and administration services, adding to an emerging trend of retirement-plan-fee lawsuits materializing...

Edison International agrees to pay $13.2 million in 401(k) fee lawsuit

September 8, 2017

Parties in the landmark Tibble v. Edison lawsuit have agreed the defendant, Edison International, will pay more than $13 million in damages to cover allegations of excessive 401(k) fees. After 10 years of litigation, which included a trip to...

Fiduciary education is key for plan-sponsor investment committees

September 2, 2017

The word "fiduciary" is no longer quaint financial jargon for most plan sponsors. Due to regulatory changes over the past several years and attention surrounding the new Labor Department conflict-of-interest rule for plan advisers, the term...

How retirement plan advisers can combat 'dramatic' fee compression

September 2, 2017

Retirement plan advisers' fees are getting squeezed. As with other service providers to defined contribution plans, price compression for adviser services has been rapid and deep. Price compression in the retirement plan arena isn't new, but...

When automatic enrollment doesn't make sense for 401(k) plans

August 31, 2017

Automatic enrollment has exploded in popularity over the past decade, and is widely seen as a best practice in 401(k) plans to boost participation and employee savings. Adoption by 401(k) plan sponsors has more than doubled since 2006, when...

The 5 biggest threats and opportunities for 401(k) advisers

August 31, 2017

The 401(k) market is maturing. Plan sponsors are waking up, most advisers are now forced to act as fiduciaries and lawsuits are likely to move down market to smaller retirement plans. Broker-dealers are more risk-sensitive due to the Department...

Most plan sponsors like their advisers, but 38% want to switch, says Fidelity

August 30, 2017

While 65% of plan sponsors are highly satisfied with their plan advisers, a record share of sponsors — 38% — are actively looking to switch advisers, up from 30% last year, according to a study of plan sponsors conducted by Fidelity Investments....

DOL fiduciary rule: The 5 biggest things to watch for if BICE's class-action provision is killed

August 29, 2017

The Trump administration last week delivered a clear signal it aims to kill one of the most hotly contested parts of its fiduciary rule — the provision about class-action lawsuits. Beginning Jan. 1 — or July 2019 if the DOL delays that implementation...

Expense ratios for defined-contribution plans stall out at a new low

August 23, 2017

For years, fees on investments in workplace retirement savings plans have been falling. Now, at least for the moment, they're stalling. The average expense ratio on investments in defined-contribution, or 401(k), plans, dropped by a hair to...

How to (and not to) work effectively with teachers as 403(b) clients

August 23, 2017

Teachers desperately need unbiased financial guidance. However, that guidance is in short supply, especially for public schoolteachers. More than ever, their security blanket of guaranteed pension income needs to be supplemented by defined contribution...

Harnessing behavioral economics to reinvent employee education

August 22, 2017

Since the birth of the self-directed defined contribution plan, industry conferences have typically had speeches and panel discussions on how to motivate participants to make better decisions — or decisions at all. Typically, these sessions...

Tibble v. Edison 401(k) fee-case decision offers 3 lessons

August 22, 2017

Tibble v. Edison, a landmark 401(k)-fee case, is finally nearing its close after 10 years of litigation, following a court order last week that laid to rest the lawsuit's remaining points of contention. The case, the first of its kind to go...

401(k) advisers value active management in some categories, despite indexing craze

August 21, 2017

Index funds are continuing their push into 401(k) plan menus, but some retirement plan advisers and analysts still see areas where active management makes sense. The number of 401(k) plans offering index funds to employees swelled to 89.4% of...

401(k) DCIOs: Some are folding, holding and doubling down

August 16, 2017

Editor's note: This story was updated on Aug. 18, based on additional information received from Russell Investments. All segments of the 401(k) market are going through the early stages of maturity, led by record keepers and broker-dealers,...

How to select the right TDF for a 401(k) plan

August 15, 2017

Target-date funds are an attractive option for both plan advisers and participants. The promise of TDFs is that they are designed to protect investor assets from the risk of large losses stemming from inadequate or improper portfolio diversification....

What would Steve Jobs do if he ran the 401(k) business?

August 9, 2017

Steve Jobs was a master at getting people to buy into the Apple ecosystem. It's why so many of us have purchased not just an iPhone, but an iPad and a Mac computer, too, and have done so multiple times (in my case, at least). Steve Jobs got...

How one 401(k) adviser is successfully prospecting clients under the DOL fiduciary rule

August 9, 2017

The Department of Labor's fiduciary rule is expected to create a bundle of client prospecting opportunities for advisers specializing in retirement plans, as less-experienced 401(k) advisers exit the market or employers ditch them for a more...

« Previous PageNext Page »

1 | 2 | 3 | 4 | 5 | 6 ... 25