Corporate Finance

The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the retirement plan instead of using the funds to reduce administrative fees.

Corporate cash managers need to pull themselves up the learning curve so that they’re ready to invest in tokenized money-market funds once safeguards for liquidity, safety, and yield are firmly in place.

Pressure on immediate-term cash flows has eased somewhat, but planning for the future is as murky as ever.

Representing 16,000 employees, a former participant in the retirement plan filed a class-action lawsuit, alleging the plan’s target-date funds from American Century Investments should have been replaced.

The ongoing battle over the use of ESG factors when making investment decisions for retirement plans continues.

Last week, 26,000 bank employees and retirees reached a settlement with Pentegra over prohibited transactions in their class-action lawsuit, just nine days after a rare jury trial awarded them $38,760,232 over excessive fees.

Part 1 of 2: With a crypto-friendly administration in Washington, blockchain-based money market funds are having a moment.

Former employees sued the grocery chain for allegedly failing to rein in recordkeeping costs from Fidelity, even though services were “routine.”