Featured Jobs
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
DWC - The 401(k) Experts
|
|
MAP Retirement
|
|
BPAS
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
Pension Investors Corporation
|
|
Retirement Relationship Manager MAP Retirement
|
|
MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Pattison Pension
|
|
Regional Vice President, Sales MAP Retirement
|
|
Sentinel Group
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Lawsuit Alleges IBM Failed to Monitor 401(k) TDF
PLANSPONSOR; registration may be required 
Nov. 5, 2025 "According to the complaint ... IBM breached its fiduciary duties by retaining several underperforming propriety TDFs and several Vanguard mutual funds that consistently underperformed similar options ... costing plan participants $1.9 billion in returns. The allegations focus on IBM's proprietary suite of All-in-One Life Cycle funds, which includes both target-date retirement and target-risk funds used as default investment options." [Arechiga v. International Business Machines Corporation, No. 25‑9067 (S.D.N.Y. complaint filed Oct. 31, 2025)] MORE >> |
| 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). |