lawsuit

IPS Can Still Add Value for Plans Despite Goldman Sachs Dismissal
Team SummitEmployer Resource Center, Fiduciary Governance, Plan InvestmentsComments are off for this post
Investment policy statements (IPSs) are commonplace among retirement plans — with around 83% providing one. And that number tends to be even higher among bigger plans. Financial powerhouse Goldman Sachs is one of the larger employers that doesn’t utilize an IPS. In fact, this was the subject of a recently dismissed lawsuit by a former  Read More →
The Risk of 401(k) Lawsuits: If It Can Happen To Them…
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
When a giant organization with extensive resources gets sued for alleged ERISA compliance failures — especially if the organization’s own service offerings include reviewing for such violations — that could very well be the canary in the coalmine for all other, lesser endowed firms. And that’s perhaps the key takeaway for plan sponsors in light  Read More →

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