Featured Jobs
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
The Pension Source
|
|
BPAS
|
|
BPAS
|
|
Nova 401(k) Associates
|
|
EPIC RPS
|
|
Merkley Retirement Consultants
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
July Business Services
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
Compensation Strategies Group, Ltd.
|
|
DWC ERISA Consultants LLC
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Great-West, Empower Targeted in Latest 401(k) Fee Suit
Bloomberg BNA 
Jan. 19, 2016
"According to the complaint, filed Jan. 14 in the U.S. District Court for the District of Colorado, Great-West's retirement plan business -- branded Empower Retirement -- receives kickbacks from the mutual funds it offers to 401(k) plans as part of an impermissible 'pay-to-play scheme' that drains money from plan participants' retirement savings.... If recent appellate court decisions are any indication, the participants bringing this suit may face an uphill battle in their quest to treat Great-West as a fiduciary under [ERISA]."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |