Former participants in a 401(k) plan offered by Aegis Media Americas, a large advertising and communications company, have filed a suit against the company and its plan’s fiduciaries.
The complaint, which is seeking class-action status for the period running from May 8, 2014 through Dec. 31, 2018, charges that the plan violated ERISA rules by not providing the lowest-price share classes and failing to "objectively and adequately" review the plan's investment menu.
While the complainants concede that the plan made changes in 2018 to some of the investment options that are the subject of the lawsuit, they contend that the changes did not go far enough to correct the damage participants suffered.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
