A new report by Alight Solutions, LLC reveals some eye-opening findings about how some 2.5 million target-date fund investors are saving – and investing. The report, titled five surprising facts about target-date funds, winds up being a report perhaps more aptly titled “five surprising facts about... READ MORE

If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In El Dorado Hills, California, Shaun McGuire, 37, was broke into a home here (that was not his own)… but the really unusual part was how he was dressed…  In Columbus,... READ MORE

The parties in another excessive fee suit have apparently come to terms – on the day the case was scheduled to go to trial.  At least that’s what a report filed by mediator Margaret Levy suggests. The report, filed on Oct. 16, lists the case as fully settled as of Oct. 15, the date the parties... READ MORE

On Ken Fisher, the (ongoing) demise of pensions, a not-so-new push for paper, and a new industry “holiday.”  Speaking ‘Engagement’ By now, you’ve doubtless read (or heard) about the uproar caused by Ken Fisher’s comments at a recent industry conference. You’ve doubtless heard (or read) about the... READ MORE

If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)… In Hoboken, New Jersey, Nicholas Cutrone, 26, wasn’t trying to go for a record… so he won’t be disappointed to find out he didn’t get one…  In Phoenix, Arizona, an... READ MORE

A “close call” on a jury trial in an excessive fee suit brought by its 401(k) plan participants has gone Fidelity’s way. The suit was filed by plaintiffs Kevin Moitoso, Tim Lewis, and Mary Lee Torline exactly a year ago (Moitoso v. FMR LLC, D. Mass., No. 1:18-cv-12122, complaint filed 10/10/18) on... READ MORE

I’ve never had very healthy eating habits – even as a child. And while this wasn’t a concern of mine at the time, my parents were quite insistent that either I start taking vitamins or improve my eating habits. Figuring that it was the lesser of two “evils,” I went for the pill. Well, until I saw... READ MORE

An appellate court decision that an excessive fee claim was subject to arbitration under terms of the plan document might be getting another review.  It was just a few weeks ago that Schwab prevailed on appeal in the Ninth Circuit, which had cited “intervening Supreme Court case law.”  Now the... READ MORE

An advisor – who had been added as a party to excessive fee litigation, only to have those claims dismissed – now finds itself back in “play.” The suit – brought by participants in plans of New York University (NYU), and one of the first excessive fee suits filed against university 403(b) plans by... READ MORE