Tag: fiduciary duty

Asset Allocation February 15, 2023

Kentucky Retirement System Trustees Say It Is Not Subject to State’s Anti-ESG Law

The board of the County Employees Retirement System informed Kentucky’s treasurer that the 2022 law conflicts with CERS’ fiduciary duties.

Newsmakers September 16, 2022

Class action lawsuit claims firm loaded its retirement plan with high-fee, underperforming proprietary funds.

Regulation May 11, 2022

The Financial Freedom Act’s sponsor says the federal government should not involve itself in investment choices for retirement plans.

Regulation April 4, 2022

The Employee Benefits Security Administration said 401(k) fiduciaries should use ‘extreme care’ before adding crypto options to a plan.

Newsmakers January 31, 2022

The plaintiffs claim the firm’s 401(k) lost as much as $85 million due to imprudent investment decisions.

Risk June 2, 2021

Lawsuit alleges firm breached its fiduciary duties by providing underperforming proprietary funds.

Risk April 29, 2021

Lawsuit alleges fiduciary failure cost participants nearly $6.3 million in retirement plan services fees.

Risk June 29, 2020

Lawsuit questions whether buybacks were designed to boost stock sales by Mark Zuckerberg and other insiders.

Regulation May 4, 2020

Court ruling shoots down five allegations of breach of fiduciary duty.

Regulation January 9, 2020

Commission will also pay close attention to market infrastructure, seniors saving for retirement, and information securities.

Regulation January 7, 2020

Ex-participants of the popular food chain’s retirement plan bring allegations of ’dramatic’ pains.