3(21) limited scope investment advisers are used more frequently than
3(38) outsourced investment advisers, according to a Grant Thornton
survey.
Continue reading “More Plans Opt for Co-Fiduciary Advisers” »
The Government Accountability Office (GAO) suggested that
retirement plan sponsors and participants should be made more
aware of the risk that some investments may have distribution
restrictions.
Continue reading “DoL Asked to Add to Participant Disclosure Rules” »
A U.S. District Court judge has granted final approval of an $18.5-
million settlement in an excessive 401(k) fee suit.
The agreement ends proceedings in Kanawai v. Bechtel Corp., in which two former Bechtel employees alleged the company violated its Employee Retirement Income Security Act (ERISA) fiduciary responsibilities by not using its size to get lower fees from vendors.
Continue reading “Court Gives Final Approval to 401(k) Fee Case” »