Recent lawsuit raises questions about a company providing its own products and services to its own employees in its own qualified retirement plans.
SPX Announces U.S. Qualified Pension Plan Actions
A recent lawsuit against MassMutual over excessive 401(k) fees raises the possibility that group annuities and stable-value products could become a focus of future complaints.
Graham French, who had managed Vanguard Precious Metals and Mining since 1996, steps back from day-to-day fund management responsibilities at the fund's subadvisor. Also, one fewer manager on PIMCO Global Multi-Asset and new managers on a DWS EAFE index fund.
The complaint alleges self-dealing, excessive fees in managing the $1 billion plan.
Palisades Hudson Newsletter: http://palisadeshudson.com/sentinel/ Larry Elkin's Blog: http://palisadeshudson.com/current-commentary/
MassMutual is using Facebook to address millennials’ often overwhelming student debt.
Women are closing the gap in saving rates for retirement compared to their male counterparts, according to fourth quarter 2012 data for defined contribution plans administered by MassMutual .
June 30, 2013, reports are now available.
In times like these, there's more than enough fear to go around, both yours and your clients'.