Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Lessons for Defined Contribution Plan Fiduciaries from Current Litigation
Hanson Bridgett LLP July 31, 2018
"The court ... dismissed claims involving the number of investment options offered under the University's 403(b) plans, and asset-based fee and revenue sharing arrangements. However, the court declined to dismiss [claims that]: [1] Fiduciaries acted imprudently by using more than one recordkeeper and by failing to engage in a competitive bidding process for administrative services for the plans; [2] The plans paid significantly too much for recordkeeping services compared to market rates; and [3] Fiduciaries caused the plans to incur excessive investment management fees and losses by retaining expensive funds with inferior historical performance." [Short v. Brown Univ., No. 17-318 (D.R.I. July 11, 2018)]
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