Except for a big investment in real estate, there wasn't that much divergence, a recent survey found.
The Supreme Court justices hinted at different positions on whether Northwestern did a disservice to participants by having too many options.
The insurance brokerage has been focused on expanding its presence in the retirement market, making numerous acquisitions and adding a service aimed at small businesses in March.
PSCA found that more nonprofits want to provide financial wellness services to participants, as well as retirement income options.
The plaintiffs failed to make any factual allegations about the Adidas plan sponsor’s process of selecting investments, the magistrate judge noted.
DPL added 11 more multi-year guaranteed annuities, or MYGAs, to its commission-free marketplace, which previously included a single product in that category.
Plaintiffs in a 2020 class-action lawsuit claimed the school failed to select competitive investments and administrative services.
Jason Roberts and Pete Swisher started Group Plan Systems to let investment managers offer PEPs to clients.
State Street's product is far from being the first in the DC market — but the plans using it are potentially the largest to opt for a target-date series paired with an insurance feature.
VCA participants paid annual record-keeping fees of up to $105, while some comparably sized 401(k)s have fees closer to $38, plaintiffs claim.
