Excessive Fee Suit Treads Familiar, New Ground(s)
Fiduciaries of multi-billion dollar 401(k) sued for alleged breach of duty ostensibly for causing plan to pay “unreasonable and excessive fees.
Recent
Parents’ Retirement Confidence Deflated by Inflation
Among U.S. parents, 52% say saving for retirement is their top financial goal, Nationwide data show.
The Perils of the Earnings Test
Planning to claim Social Security benefits before full retirement age? Beware of the earnings test.
Nearly Half of Plan Sponsors Considering Changing Advisors, Recordkeepers
Fidelity Investments’ Plan Sponsor Attitudes Study finds two in three plan sponsors say prospecting advisors have “piqued their interest”.
UnitedHealth CFO Sued in Retirement Plan Case
John Rex, CEO of UnitedHealth has been named in class action lawsuit alleging company put own business interests above retirement plan participants.
Retirees Going Back to Work Face the Social Security Earnings Test
Roughly 1.5 million retirees have unretired and reentered the U.S. labor market over the past year. Nick Bunker - Indeed, told Yahoo Money.
Calpers Logs Decade-Worst 6.1% Loss as Stocks and Bonds Dive
California Public Employees’ Retirement System, the biggest US pension fund, lost 6.1% on its investments in the latest fiscal year.
