A new WSJ op-ed says that 401(k)s “too often lead employees to make financially harmful mistakes.”  And yes, advisors are (apparently) part of the problem. The “problem”—at least according to the op-ed authors is that, left to their own devices participants are said to be inclined to overindulge... READ MORE

Defined contribution wholesalers—or as our annual accolade acknowledging the best of this “breed” calls them, “Advisor Allies”—have long been a vital support partner for the nation’s retirement plan advisors. But what support is most valued by advisors?  That said, and from a wide array of... READ MORE

According to Cerulli’s “U.S. Managed Accounts 2022: The Future of Personalized Portfolios,” assets in managed account programs—including retail accounts—grew nearly 24% in 2021, reaching a high of $10.7 trillion. But how do advisors view the future of these structures?  Certainly these structures... READ MORE

Yet another fund provider has found itself in the crosshairs of a participant-plaintiff suit from their own 401(k) plan. The plaintiffs here are Amber Colston, Willis Bramwell and Roseann Blessing who are bringing suit on behalf of the nearly $800 million, 3,500 participant Ameritas 401(k)... READ MORE

Another federal court has found that plaintiffs failed to allege “sufficient facts from which the Court could plausibly infer” that recordkeeping fees were excessive relative to the services provided, or made imprudent investment decisions. The plaintiffs here are current and former employees of... READ MORE

Well, here we are again at the end of yet another workweek—and (nearly) another month—and yet, there’s no shortage of…well, just look at what happened to these guys and gals… First, some odds and ends… In Anchorage, Alaska, some tense moments on a paddleboard…  So, Jack Dorsey’s first tweet (in... READ MORE

A federal magistrate judge has recommended that a pair of excessive fee suits—previously dismissed for failure to state a plausible claim—be given another chance based on a new standard. The separate suits were brought[i] against the fiduciaries of the plans at ThedaCare, Inc. and Prevea Clinic,... READ MORE

A federal appellate court has held that a plan’s adoption of an arbitration agreement is sufficient to require a class action suit on behalf of the plan to those terms. The suit was filed in mid-May 2020 in the U.S. District Court of the District of New Jersey against the fiduciaries of the $4.4... READ MORE

Well, here we are again at the end of yet another workweek—and yet, just look at what happened to these guys and gals… First, some odds and ends… In Duvall, Washington, law enforcement responded to a call…from a driver who said he couldn’t deliver a package because of an obstacle in the road…to... READ MORE