The case, which involved a $9 million plan, was voluntarily dismissed by plaintiffs in an unusual turn of events.
The retirement plan provider joins a list of other financial firms that have settled excessive-fee lawsuits with their own employees.
Forget desktops. The future is about mobile and phones.
The asset management firm joins the likes of American Century Investments and New York Life, which were also sued by employees for using proprietary funds in their 401(k) plans.
Too many of us have not evolved and still have firms built to serve baby boomers.
Employees are suing for alleged self-dealing and fees charged by a company-affiliated index fund, which plaintiffs claim enriched New York Life at the expense of employees' retirement savings.
Adding significant growth can put a strain on a firm's infrastructure without proper preparedness.
Plus: Diversification varies when it comes to ETFs, Wall Street starts cutting pay, and the next President will need to figure out how to handle Congress
A common element of countries among the Natixis study's top 10 are compulsory workplace savings programs.
<i>Breakfast with Benjamin</i> Can charging lower fees for bond investments be both the right thing to do and a violation of your fiduciary duty?
A common element of countries among the Natixis study's top 10 are compulsory workplace savings programs.
Chief Judge Barbara M.G. Lynn is expected to issue a summary judgement on three consolidated lawsuits.
The Labor Department is increasing payouts for civil penalties related to retirement plans.
Mistakes in reported earnings can reduce future benefits.
Treasury yields hit the floor while stocks hope for the best.
<i>Breakfast with Benjamin</i> Following the Brexit, the Fed is now sheepishly tilting toward a rate cut.
Some say the Fed chair is too dependent on data to decide next interest rate hike.
The case for a rate hike isn't a lock. But if you stay in touch with your clients and let them know your thinking, a rate hike will be easier on everyone.
The newly developed video game seizes on the concept of gamification to improve participant behavior regarding retirement savings.
Legislation calls for employers with 10 or more employees that do not offer retirement plans to open IRAs for employees and contribute 50 cents per hour worked per employee.
