Keyword: alternative funds

Provider Argues for Arbitration in Proprietary Fund Suit

Charged with violating its fiduciary duties as a result of practices involved with including proprietary funds in its own 401(k) plan line-up, a provider says that the court “…need not even consider the viability of such implausible claims because, by virtue of arbitration agreements to which the plaintiff is bound, the Court lacks jurisdiction to hear them.”   Read More

DOL May Focus on Alternatives, Proprietary Funds

Among the many issues facing DC plans, Groom Law Group attorney Steve Saxon cites alternative and proprietary funds as possibly being on the menu for federal regulators. Though much of the DOL’s attention has been on the redefinition of fiduciary and lifetime income illustrations, Saxon believes that the interest in alternative funds, which include higher, more complex fee structures, could draw the attention of regulators.   Read More