Conflict-of-interest proposal could cost wealth-management industry $2.4 billion.
The plaintiff claims roughly 95% of investment options offered in the plan since 2011 were "unduly expensive" proprietary funds that led to less retirement savings for participants.
Fees and performance will loom large over industry.
Stepping back to see the forest for the trees.
BlackRock, Capital Group, Fidelity, and Putnam are the latest firms to cut jobs.
This Gold-rated fund may be a bit old-fashioned, but its discipline helps it hold up when markets are at their worst.
Thrivent nabs two best overall trophies, while TIAA gets best overall large fund company for fifth straight year.
Goldilocks knows there are problems with being too hot or too cold.
The difficulty traditional funds have in satisfying two different groups of shareholders.
The fund industry is short key talent, though there are pockets of success.