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ESOP Administration Consultant Blue Ridge Associates
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Pentegra
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Retirement Plan Administration Consultant Blue Ridge Associates
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BPAS
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BPAS
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Retirement Plan Consultants
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Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
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Retirement Relationship Manager MAP Retirement
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Regional Vice President, Sales MAP Retirement USA LLC
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BPAS
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Managing Director - Operations, Benefits Daybright Financial
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Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
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Southern Pension Services
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MAP Retirement
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Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
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Search the News Archive
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37 Matching News Items |
| 1. |
Multnomah Group
Dec. 18, 2024
"The case was moving toward trial after a judge denied UHG's motion for summary judgment, noting that the plaintiff presented sufficient evidence that UHG had 'its hand in the cookie jar.' Facing a costly trial that they were unlikely to win, UHG chose to settle. Based on the alleged actions of UHG and their committee, this announcement of one of the highest ERISA litigation settlements is no surprise." [Snyder v. UnitedHealth Group, No. 21-1049 (D. Minn. proposed settlement filed Dec. 13, 2024)]
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| 2. |
Multnomah Group
Nov. 5, 2025
"Private equity's influence on service sectors ... has revealed a troubling pattern: quality can suffer when profit extraction takes precedence.... [P]rivate equity (PE)-backed roll-ups and shifting policy stances are changing how retirement plans are advised and constructed. Fiduciaries must scrutinize ownership structures, compensation models, and product incentives or risk exposing participants to degraded outcomes."
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| 3. |
Multnomah Group
June 2, 2025
"From the perspective of a private equity manager, accessing the $12.4 trillion defined contribution marketplace would be nitrous to an already explosive market, and the fees and deal opportunities it would unlock for private equity managers are undeniable. The benefits to the fiduciaries who bear the risk of poor disclosure, obtuse valuations, and high fees are far less clear."
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| 4. |
Multnomah Group
Mar. 20, 2025
"Managed accounts are often marketed as 'better' for participants in the long run ... However, ... a participant needs to supply additional data inputs ... to make the service and investment allocation more effective. If most of your QDIA participants are, by definition, not fully engaged and are not supplying the additional data needed to maximize the managed account services, then is the extra half percent, or more, in fees worth it to essentially have an enhanced target-date investment?"
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| 5. |
Multnomah Group
Nov. 19, 2021
"Investment menu design is a key fiduciary responsibility that each retirement plan committee will undertake. Committees and their advisors combine investment theory with behavioral finance to develop a set of investment options used by a diverse group of participants with varying levels of investment knowledge, interest, and time to dedicate toward developing their personal investment strategy. Each committee should establish a fundamental set of beliefs relative to the construction of an investment menu."
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| 6. |
Multnomah Group
Nov. 14, 2024
"The arguments have evolved over the past three to five years from straightforward claims of excessive fees to allegations of specific gaps or failures in the decision-making process of the fiduciary committee. Lawsuits also challenge ancillary services offered to participants, such as managed accounts."
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| 7. |
Multnomah Group
Sept. 17, 2024
"As the consulting / advisory market has consolidated, larger advisory firms fueled by outside capital from private equity and the public markets are pressing recordkeeping organizations to provide more to the advisors or risk losing market share and being excluded from client RFPs. It's easy to see the risks this creates for all involved, but plan sponsors must act to avoid them.... [T]he pressure for data sharing by conflicted advisors is raising significant concerns about conflicts of interest and participant data security."
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| 8. |
Multnomah Group
Sept. 12, 2024
"Some providers are proposing insurance separate accounts as less expensive alternatives to popular mutual funds used in retirement plans. This blog will explore the benefits and risks associated with these accounts, as well as the regulatory and compliance issues that fiduciaries need to consider."
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| 9. |
Multnomah Group
July 23, 2024
"When services such as consultancy, recordkeeping, or investment management are 'bundled' with providers with whom the company has other business dealings, the risks of perceived or actual conflicts of interest increase dramatically."
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| 10. |
Multnomah Group
June 6, 2024
"The plaintiffs will argue that defaulters are less engaged participants in their investments and will not provide additional data points needed to customize their portfolio. Without the additional data points, a managed account is essentially a target date fund ... As a result, the investment returns from the higher-cost managed account are no different from low-cost target date funds and, therefore, inappropriate to be used as the default option." [Hanigan v. Bechtel Global Corp., No. 24-0875 (E.D. Va. complaint filed May 24, 2024)]
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