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Sponsors' chief concern is participants running out of money in retirement.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
By Lynn Cavanaugh | April 23, 2025
Since the Court took a worker-friendly approach on behalf of the University’s 28,000 employees in this excessive fees suit, the final ruling could burden plan fiduciaries and open the floodgates of meritless litigation, say retirement industry groups ERIC and the Spark Institute.
By Lynn Cavanaugh | April 22, 2025
The justices are now seeking input from the Department of Labor in this Home Depot case, after unanimously agreeing that the burden of proof lay with plan fiduciaries in the Cornell University excessive fee case last week.
By Lynn Cavanaugh | April 22, 2025
Beginning May 5, the department will begin collection on student loans of the 5 million borrowers now in default, and soon, the department will begin wage garnishment, after giving borrowers a 30-day notice.
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