Much of the proposed class-action case against Rollins Inc. points to investment guidance from an adviser to the plan who is not a defendant.
The deal represents the fourth such acquisition over a year for Newport Beach, California-based SageView, which last year sold a majority stake to Aquiline Capital Partners.
A pending decision by the Supreme Court could change 401(k) fee lawsuits in a big way.
The deal gives Smart a massive boost in managed accounts and personalized services for its future clients. Hub and NFP also announced deals Thursday.
Over the last 25 years, legislative changes have increased retirement assets but disproportionally benefited the wealthy, with average inflation-adjusted savings for low-income people declining, according to the recent paper.
403bwise is using a traffic-light rating system as it starts to assess the retirement plans that school districts offer teachers.
In a recent supplement to a 2020 letter, the agency made clear that it does not endorse the use of private equity in defined-contribution plans.
Most retirees are likely forced to cut down costs due to insufficient savings, a new paper from the Center for Retirement Research found.
The case alleges fiduciary breaches based on the existence of cheaper investment options on the market than those used in the plan.
One of the lead plaintiffs in the class-action case appears to be the company’s former regional vice president of retirement sales.
