LPL not selling Worksite Financial Solutions 401(k) platform
July 27, 2018 01:00:00 AMLPL Financial will not sell its Worksite Financial Solutions 401(k) platform.
Fidelity backs away from being 'point in time' fiduciary for 401(k) plans
July 18, 2018 01:00:00 AMMetLife, Brighthouse sued for $500 million over missing pensioners
June 20, 2018 01:00:00 AMMetLife and Brighthouse Financial have been sued for failing to pay at least $500 million in retirement benefits to thousands of pension plan participants.
Wells Fargo struggles to attract 401(k) business in wake of banking scandals
May 16, 2018 01:00:00 AMWells Fargo's retirement plan business has suffered following a string of negative stories related to operations within some units of the broader company.
SEC advice rule seeks to tighten reins on brokers
April 19, 2018 01:00:00 AMThe Securities and Exchange Commission appears to be cracking down on broker conduct in its investment advice overhaul.
Retirement coverage gap, 401(k) rollovers are big emerging threats for plan advisers
April 16, 2018 01:00:00 AMThe retirement plan coverage gap and rollovers from 401(k) plans to IRAs have emerged as two of the largest potential threats for retirement plan advisers.
Vanguard extends target-date fund dominance with 'unbelievable' growth
March 06, 2018 12:00:00 AMVanguard Group has extended its grip on the target-date fund market, reaching $623 billion in assets at the end of 2017.
401(k) plan sponsors are increasingly hiring fiduciary advisers
February 15, 2018 12:00:00 AMEmployers sponsoring a 401(k) plan are increasingly hiring investment advisers who serve as fiduciaries to their retirement plan.
Financial Engines expands to small 401(k) plans with ADP partnership
February 07, 2018 12:00:00 AMFinancial Engines is partnering with record-keeper ADP to bring its advice and investment services down-market to small retirement plans.
Capital Group, sponsor of American Funds, wins 401(k) lawsuit
January 26, 2018 12:00:00 AMCapital Group has won a lawsuit alleging the company profited at the expense of its employees by loading its 401(k) plan with costly in-house funds.
Fidelity charging new fee on Vanguard assets held in 401(k) plans
January 23, 2018 12:00:00 AMFidelity Investments has begun charging employers a fee on 401(k) assets held in Vanguard Group investment funds.
In rare move, investment adviser named as defendant in NYU retirement plan case
January 16, 2018 12:00:00 AMIn an unusual turn of events, the investment adviser to New York University's retirement plan has been named as a co-defendant in litigation attacking the plan's allegedly excessive fees.
Tax law's pass-through provision could harm 401(k) plans
January 05, 2018 12:00:00 AMThe new tax law's provision on pass-through businesses is proving to be one of the most challenging to dissect.
Allianz agrees to settle 401(k) fee lawsuit for $12 million
January 02, 2018 12:00:00 AMAllianz has agreed to pay $12 million to settle a lawsuit alleging it peppered its company 401(k) plan with dozens of high-cost, in-house funds.
Wells Fargo sued, again, for using in-house funds in 401(k) plan
November 21, 2017 12:00:00 AMJust as Wells Fargo & Co. escaped from the jaws of one 401(k) lawsuit over in-house funds, it's now ensnared in another.
Wells Fargo sees big target-date outflows from mutual funds
November 20, 2017 12:00:00 AMTarget-date funds are on track for a near-record year, but Wells Fargo & Co. doesn't seem to be participating in the boom.
Ted Benna, father of the 401(k), thinks tax reform that favors Roth plans is 'pretty stupid'
October 30, 2017 01:00:00 AMTed Benna, widely known as the father of the 401(k) plan, believes lessening the pre-tax contributions to a retirement plan is "pretty stupid."
Prudential wins appeal of 401(k) fee lawsuit
October 12, 2017 01:00:00 AMPrudential Financial Inc. has again won a lawsuit alleging it breached its fiduciary duties by receiving revenue-sharing payments.
Vanguard outsources some 403(b) record keeping to Newport Group
August 07, 2017 01:00:00 AMMFS Investment Management sued over claims of self-dealing in 401(k) plans
July 10, 2017 01:00:00 AMMFS Investment Management has been sued for alleged self-dealing in its company 401(k) plans.
Fidelity, American Century adopting new target-date fee tactic as cost pressures grow
July 05, 2017 01:00:00 AMTwo of the largest managers of target-date-fund assets, Fidelity Investments and American Century Investments, are changing how they assess fees in the multiasset funds.
Voya's win in 401(k) fee suit involving Financial Engines bodes well for other record keepers
June 22, 2017 01:00:00 AMThe dismissal of a lawsuit against Voya Financial for its relationship with 401(k) robo-adviser Financial Engines could be a harbinger of success for other major retirement plan record keepers locked in similar legal battles.
Putnam, Fidelity win respective 401(k) lawsuits
June 20, 2017 01:00:00 AMPutnam Investments and Fidelity Investments have prevailed in separate legal fights centering on their fiduciary duty to retirement plans.
New York Life's MainStay lays off defined-contribution wholesalers amid challenging market
June 16, 2017 01:00:00 AMMainStay Investments lays off some of its wholesalers calling on retirement plan advisers and consultants, as the defined contribution market grows increasingly challenging.
Capital Group sued for self-dealing in its 401(k) plan
June 15, 2017 01:00:00 AMThe Capital Group Cos. is being sued for allegedly reaping profits from its 401(k) plan at the expense of plan participants.