REGULATION, LEGAL

NEPC Defends Litigation-Ridden University DC Plans

Many features college DC plans are sued over are a source of guaranteed retirement income—solutions regulators and legislators are actively seeking to add to 401(k) plans, the consultant argued.

Apollo Fined $53 Million Over Fees

The US Securities and Exchange Commission said the private equity firm failed to properly disclose conflicts of interest to investors.

Yale, MIT, NYU Sued Over DC Fees

Each of the three universities is facing litigation over “excessive” fees in their employee retirement plans.