Addressing the $2 Trillion 401(k) Loan Leakage Problem
A new report suggests that more than $2 trillion in potential future 401(k) account balances will be lost due to plan loan defaults over the next 10 years unless action is taken by plan sponsors and...
View ArticleMultiplication ‘Fables’
Did you hear the one about loan defaults adding up to $2.5 trillion in potential retirement savings shortfalls over the next 10 years? How about the “$210 Billion Risk in Your 401(k)”? Those reports...
View ArticleVanguard Teams with HealthEquity on HSA Offering
HealthEquity, Inc., the nation’s largest independent health savings account custodian, has snagged another partner for its HSA offering. The most recent: a tie in with Vanguard, which says it has...
View ArticleOctober’s Long-Term Fund Outflows Highest Since 2015
Investors appear to have turned cautious, as October outflows of stock and bond funds registered the highest monthly level in more than three years, Morningstar notes in a new report. October’s $29...
View Article$500k Settlement Struck in Excessive Fee Case
The parties in an excessive fee suit, unusual for both the relatively small size of the plan, and the background of the counsel representing the plaintiffs, have come to terms. The suit (Barrett v....
View ArticleEdward Jones Settles Excessive Fee Suit
After “more than two years of litigation, multiple motions and the review of more than 100,000 pages of documents exchanged in discovery,” the plaintiffs and defendants in an excessive fee suit have...
View ArticleEn Banc Bid Rebuffed for Excessive Fee Suit
Having repeatedly come up short, the plaintiffs in an excessive fee case have just come up short – again. The plaintiffs in this case have been at it since February 2016, when they, represented by the...
View ArticleAnother University Wins 403(b) Suit
“If a cat were a dog, it could bark. If a retirement plan were not based on long-term investments in annuities, its assets would be more immediately accessed by plan participants. These two truisms can...
View ArticleInvestment Legend Bogle Dies
John Bogle, founder of The Vanguard Group, died Jan. 16, the firm announced. He was 89. Bogle is best known for his introduction of the first index mutual fund for investors and then standing behind...
View ArticleFee Allocation: Some Things to Consider
Fee litigation trends and disclosure requirements have compelled plan sponsors to focus on how recordkeeping fees are allocated to participants, but beyond ERISA’s general fiduciary requirements, there...
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