JD

I recently had an opportunity to sit down with Rick Unser as a guest on his 401(k) Fridays podcast. Guess what we talked about… It was a wide-ranging discussion—no predictions as to the outcome of the elections, but we had a chance to bring to light some of the topics that we’ve covered over the... READ MORE

After “…substantial discovery, the exchange and review of key documents, and arm’s-length negotiations between experienced ERISA class-action counsel directed by a seasoned and respected mediator,” the parties in a suit involving proprietary fund investments have come to terms. The cash settlement... READ MORE

A month ago, the Labor Department unveiled an interim final rule on lifetime income disclosures on participant statements. Today the window for comments opens. Under the Interim Final Rule, retirement plans would provide lifetime income illustrations using prescribed assumptions designed, the DOL... READ MORE

The law firm of Schlichter Bogard & Denton has a new target—multiple employer plans, and they’ve just filed their second excessive fee suit in that genre. This time the target is the Pentegra Defined Contribution Plan for Financial Institutions, a multiple employer plan, or MEP. The Schlichter... READ MORE

Recently, a column in Roll Call titled “Biden retirement proposal would upend traditional 401(k) plans” claimed that the plan to “equalize” the incentives in 401(k) by ending such deductions and replacing them with flat tax credits for each dollar saved. That was, in turn, picked up by Forbes... READ MORE

I’ve always been just a bit paranoid about my personal data. All the more so because in a half dozen different circumstances over the past two decades, someone who had access to that data for legitimate purposes… lost it. Those data breaches notwithstanding (and one did involve a 401(k) account)... READ MORE

The parties in an excessive fee suit that had been dismissed by a federal court—have now come to terms.   Indeed, it was only just over a month ago that the suit, filed last fall by Carl Martin against CareerBuilder, his former employer, claiming that the plan fiduciaries (and unnamed “monitoring... READ MORE

It seems that the Department of Labor (DOL) is doubling down on its ESG information request campaign, now looking to the practices behind investments in, and monitoring of, ESG-themed ERISA plan investments by Registered Investment Advisory (RIA) firms.   Earlier this year information requests... READ MORE

A recent analysis finds that while only 6% of HSA accountholders actively invest those funds—nearly two-thirds of those do so within the first year.   The analysis by the Employee Benefit Research Institute (EBRI) characterizes those early investors as “born,” and while what distinguishes them... READ MORE