DC record keeping
Denying any wrongdoing, Xerox will pay $4.1 million to settle an ERISA complaint alleging excessive record-keeping fees.
A DOL official defended subpoenaing swaths of retirement plan information, including identifiable information, during ERISA investigations.
More employers are adding managed accounts to their workplace retirement plans despite ambivalence about cost of the products.
Xerox Corp. settled an ERISA lawsuit filed by three participants in a company 401(k) who alleged the plan paid excessive record-keeping fees.
An appeals court rejected an attempt by Alight Solutions to prevent the DOL from obtaining documents via subpoena in its investigation of the firm.
Thrift Savings Plan said it's working with record keeper Accenture to fix reported troubles, including log-in issues and long call center waits.
