Recent Stories
Adidas America sued over 401(k) plan's ‘excessive fees'

Two participants in a 401(k) plan run by Adidas America have sued the company alleging ERISA violations linked to the plan's fees.
Nationwide names president, COO of financial services

John Carter was named president and chief operating officer-elect of the financial services businesses of Nationwide Mutual Insurance Co.
New York State Common puts $1.3 billion to work
DC participants move away from extreme investment choices

Participants in DC plans are moving away from extreme investing portfolios, thanks to plan design changes — but also voluntarily.
New York State Common slates $1.1 billion for private equity, real estate
New York City Retirement searching for corporate governance research services
Raytheon sued over mortality tables used to calculate pension benefits

A participant in a Raytheon Co. pension plan sued, claiming that the company used an out-of-date mortality table to calculate benefits.
AIG promotes 2 presidents to CEO positions

Two AIG presidents — Todd Solash and Robert Scheinerman — have been named CEOs of their respective businesses.
Cerulli says education not enough for financial wellness programs

If defined contribution plan executives want to establish and maintain a successful financial wellness program, education isn't enough, says a report by Cerulli Associates.
Settlement reached in Gucci America 401(k) suit

Participants in a 401(k) plan managed by Gucci America Inc. agreed to settle a lawsuit against plan fiduciaries for $1.2 million.
CIT target-date assets surging as mutual funds hit by outflows

Some target-date fund managers are counting on collective investment trusts to offset declines in mutual fund-based target-date series.
Judge sides with National Indemnity in fiduciary breach case

A District Court judge ruled in favor of National Indemnity Co., rejecting a breach of fiduciary duties claim for the company's 401(k) plan.
DiNapoli asks 47 Fortune 500 firms to update employment policies

New York state Comptroller Thomas DiNapoli has asked 47 Fortune 500 companies to update their employment non-discrimination policies.
N.J. to hold public hearing on proposed fiduciary rule

New Jersey will hold a public hearing for regulations requiring financial professionals to act as fiduciaries when dealing with investors.
Deal reached in MFS fiduciary breach case

Participants in two Massachusetts Financial Services Co. DC plans have reached an agreement to settle complaints of ERISA breaches.