Retirement & Benefits

The company denies wrongdoing in resolving claims over recordkeeping fees and forfeitures.

Stifel failed to remove two poorly performing funds from the plan, according to the complaint, which was filed on behalf of more than 10,000 participants.

"Plan sponsors should brace for continued litigation, as plaintiffs seek to up-end longstanding assumptions about voluntary benefits and expand the scope of fiduciary liability."

Employers can protect themselves by considering key aspects of their benefits programs.

“While 28% of companies currently require employees to be in the office five days a week, only 16% of leaders think that should be the standard.”

AgAmerica alleges that Municipal Employees’ Retirement System of Michigan and affiliated entities misrepresented the status of the project to secure funding.