The allegations in a new excessive fee suit are familiar—but the plaintiff has clearly been attentive to pleading failures that have led to other, similar cases being dismissed. Commenting that “the proliferation of 401(k)plans has exposed workers to big drops in the stock market and high fees... READ MORE

One of the first excessive fee suits filed against university 403(b) plans has (finally) come to a conclusion with a jury verdict in favor of the fiduciary defendants—with an odd twist (or two). The suit against Yale University was one of the first to be filed in this area—and by Schlichter Bogard... READ MORE

A week from today the nation will celebrate Independence Day—though of course independence didn’t actually occur on July 4. Let’s face it, the Declaration of Independence[i] was little more than that—a declaration. One that had yet to be backed by anything beyond the artfully crafted and narrow... READ MORE

You’ve heard us say that the agenda for the NAPA 401(k) Summit is put together for advisors by advisors—well, here’s your opportunity to weigh in (again)—this time on team building topics! That’s right, once again this year we’ve teed up a good assortment of potential topics for you to consider... READ MORE

We’ve gotten nearly 5,000 votes to date on proposed topics for the 2024 NAPA 401(k) Summit—in two major categories. Lest you forget—the 2024 NAPA 401(k) Summit will be held April 7-9 in Nashville, Tennessee. You’ll definitely want to mark your calendars for this one! As for the agenda for that... READ MORE

You’ve heard us say that the agenda for the NAPA 401(k) Summit is put together for advisors by advisors—well, here’s your opportunity to weigh in! That’s right, once again this year we’ve teed up a good assortment of potential topics for you to consider and vote on via our unique “cage match”... 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… Have you got one of those drawers in your kitchen where you warehouse condiment packets? It could be worth some $$$...  In Lakeland, Florida,... READ MORE

Another of the suits alleging that plan fiduciaries “chased” low fees and disregarded poor performance has been dismissed, though not with “prejudice.”  These suits have also been filed on behalf of participants in the 401(k) plans of Citigroup Inc., Cisco Systems Inc., Genworth, Stanley Black... READ MORE

“A father is a man who expects his children to be as good as he meant to be.” – Carol Coats Like many, perhaps most, of you, as a parent I’ve tried to compensate for the ways in which I felt that my parents could have done . . . “better.”  My parents led mostly through example—and powerful as... READ MORE