Risk
SEC Charges Investment Firm for Fraudulent Coin Scam
Red Rock Secured allegedly tricked victims into selling off 401(k) assets to invest in coins at an exorbitant markup.
Tag: 401k Plan
Risk
State Street Accused of Self-Dealing With 401(k) Plan
Lawsuit alleges firm breached its fiduciary duties by providing underperforming proprietary funds.
Risk
BlackRock Agrees to Settle ERISA Lawsuit
Asset management giant ends class action litigation by paying plan participants $9.65 million.
Regulation
Walgreens Sued for $300 Million over Alleged 401(k) Mismanagement
Suit says poorly performing funds were ‘devastating’ to retirement accounts.
Regulation
Gucci’s Got Expensive Handbags and Expensive Fund Managers, Plaintiffs in Court Settlement Allege
$1.2 million settlement served in allegations Gucci didn’t opt for cheaper investment options when available.
Money Managers’ Own Plans Have Higher Balances, More Choices
Asset manager 401(k) plan balances are four times that of the general population.
House Committee Passes Bill to Overhaul Retirement Plans
Legislation would increase 401(k) contributions, plan portability.