Regulation May 11, 2022 Bill Would Silence Labor Department on 401(k) Investment Guidance The Financial Freedom Act’s sponsor says the federal government should not involve itself in investment choices for retirement plans.
Regulation April 4, 2022 Labor Dept. Warns Fiduciaries About Offering Crypto in DC Plans The Employee Benefits Security Administration said 401(k) fiduciaries should use ‘extreme care’ before adding crypto options to a plan.
Newsmakers January 31, 2022 Milliman Faces ERISA Lawsuit Over Alleged Breach of Fiduciary Duty The plaintiffs claim the firm’s 401(k) lost as much as $85 million due to imprudent investment decisions.
Risk June 2, 2021 State Street Accused of Self-Dealing With 401(k) Plan Lawsuit alleges firm breached its fiduciary duties by providing underperforming proprietary funds.
Risk April 29, 2021 Kimberly-Clark Faces ERISA Lawsuit over 401(k) Plan Lawsuit alleges fiduciary failure cost participants nearly $6.3 million in retirement plan services fees.
Risk June 29, 2020 Pension Fund Sues Facebook Over Timing of Stock Buybacks Lawsuit questions whether buybacks were designed to boost stock sales by Mark Zuckerberg and other insiders.
Regulation May 4, 2020 Judge Dismisses Trader Joe’s ERISA Lawsuit Court ruling shoots down five allegations of breach of fiduciary duty.
Regulation January 9, 2020 Investment Advisors, Fintech Innovations Top SEC’s Priorities for 2020 Commission will also pay close attention to market infrastructure, seniors saving for retirement, and information securities.
Regulation January 7, 2020 Trader Joe’s Retirement System Hit with Lawsuit Alleging ERISA Breaches Ex-participants of the popular food chain’s retirement plan bring allegations of ’dramatic’ pains.