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5 Things You May Not Know About HSAs
Odds are that you’ve heard that health savings accounts, or HSAs, offer individuals a “triple tax advantage” – but here are five things you may not know about HSAs. A recent survey by Mercer found that...
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No March Madness for Participant Transfers
There hasn’t been participant transfer activity like this since 1997. Not that such things are generally very active, but the Aon Hewitt 401(k) Index shows that March ended an overall light quarter of...
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Third Time No Charm for Stable Value Fund Suit
A suit that alleged a stable value investment was imprudent has been dismissed by a federal judge. The suit, Barchock v. CVS Health Corp., (2017 BL 127046, D.R.I., No. 1:16-cv-00061-ML-PAS, 4/18/17),...
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Fund Flows Fan Falling Fund Fees
A new study of U.S. open-end mutual funds and exchange-traded funds finds that on average, investors paid lower fund expenses in 2016… than ever before. The Morningstar study found that the...
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Chevron Defendants Win Again in Excess Fee Lawsuit
Plaintiffs have fallen short in their second attempt to convince a federal judge of the merits of their case in an excessive fee class action suit. The original lawsuit, filed in February 2016 by St....
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Excessive Fee Suit Comes From a New Direction
Another plan sponsor has been charged in an excessive fee suit – but if the allegations are familiar, the law firm bringing the suit could represent a whole new “class” of litigation. The suit (Barrett...
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ARA Crafts New Levelized Fee Exemption in RFI Response
In a July 18 letter responding to the Labor Department’s request for information (RFI) on its fiduciary regulation, the American Retirement Association (ARA) has requested an extension of the...
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What Your IPS May Be Missing on Capital Preservation Options
Lawsuits alleging breach of fiduciary duty related to the selection of capital preservation investment options should serve as a caution to DC plan fiduciaries of the plaintiffs’ bar’s growing interest...
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Excessive Fee Suit Alleges Fiduciary ‘Abdication’
A new excessive fee suit claims that plan fiduciaries “abdicated” their responsibilities, allowing the plans’ trustee to “…to lard the Plans with high-cost mutual funds.” The most recent excessive fee...
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Participant Trading Perked Up in August
August brought a notable uptick in 401(k) trading activity among defined contribution plan investors, according to the Alight Solutions 401(k) Index. There were three days of above normal trading...
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How Extensive is the Move from Money Market to Stable Value Funds?
One year after the SEC’s money market fund reform rules went into effect, there appears to be a sizable shift away from MMFs towards stable value funds as a capital preservation option in DC plans....
View ArticleClik here to view.
Fund Flows Fan Falling Fund Fees
A new study of U.S. open-end mutual funds and exchange-traded funds finds that on average, investors paid lower fund expenses in 2016… than ever before. The Morningstar study found that the...
View ArticleClik here to view.
Chevron Defendants Win Again in Excess Fee Lawsuit
Plaintiffs have fallen short in their second attempt to convince a federal judge of the merits of their case in an excessive fee class action suit. The original lawsuit, filed in February 2016 by St....
View ArticleClik here to view.
Excessive Fee Suit Comes From a New Direction
Another plan sponsor has been charged in an excessive fee suit – but if the allegations are familiar, the law firm bringing the suit could represent a whole new “class” of litigation. The suit (Barrett...
View ArticleClik here to view.
ARA Crafts New Levelized Fee Exemption in RFI Response
In a July 18 letter responding to the Labor Department’s request for information (RFI) on its fiduciary regulation, the American Retirement Association (ARA) has requested an extension of the...
View ArticleClik here to view.
What Your IPS May Be Missing on Capital Preservation Options
Lawsuits alleging breach of fiduciary duty related to the selection of capital preservation investment options should serve as a caution to DC plan fiduciaries of the plaintiffs’ bar’s growing interest...
View ArticleClik here to view.
Excessive Fee Suit Alleges Fiduciary ‘Abdication’
A new excessive fee suit claims that plan fiduciaries “abdicated” their responsibilities, allowing the plans’ trustee to “…to lard the Plans with high-cost mutual funds.” The most recent excessive fee...
View ArticleClik here to view.
Participant Trading Perked Up in August
August brought a notable uptick in 401(k) trading activity among defined contribution plan investors, according to the Alight Solutions 401(k) Index. There were three days of above normal trading...
View ArticleClik here to view.
How Extensive is the Move from Money Market to Stable Value Funds?
One year after the SEC’s money market fund reform rules went into effect, there appears to be a sizable shift away from MMFs towards stable value funds as a capital preservation option in DC plans....
View ArticleClik here to view.
Bipartisan Bill (Again) Seeks Lost and Found Participant Database
Legislation has been introduced to address the proliferation of small accounts that the bill’s sponsors say is costing Americans tens of billions of dollars every year in lost savings because of...
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