Nevin E. Adams

As if retirement savers didn’t have enough to worry about, last week a report reminded us how much money they’re going to need in retirement… just for health care. In fact, Fidelity Investments’ 20th annual Retiree Health Care Cost Estimate claims that a 65-year-old, opposite-gender couple[1]... READ MORE

A class action involving a $1.6 billion 401(k) plan has been fast-tracked to the U.S. Court of Appeals for the Third Circuit for a ruling on an issue of emerging concern in ERISA excessive fee litigation. The case involves three participant-plaintiffs—Mary K. Boley, Kandie Sutter and Phyllis Johns... READ MORE

When the Labor Department issued last month what it called “new guidance” that it further described as “the first time the department’s Employee Benefits Security Administration has issued cybersecurity guidance”—well, I, for one, was expecting… guidance.  However, rather than an advisory opinion... READ MORE

Last week the Employee Benefit Research Institute (EBRI) and Greenwald Research unveiled the findings of the nation’s longest-running survey of its kind—offering a perspective on the nation’s confidence in attaining a satisfying retirement. But what does that tell us, really?  Well, for starters... READ MORE

A federal judge has approved the settlement struck by parties in a long-standing stock drop suit. The settlement was announced in February, following nearly six years of litigation—and a trip all the way up to the U.S. Supreme Court. The suit was filed by plaintiffs Larry W. Jander against the... READ MORE

Plan fiduciaries have struck a deal in a suit alleging imprudent investments—but the investment consultant who recommended the challenged funds is still facing trial. The suit was filed nearly two years ago against the plan fiduciaries of the $5.2 billion Lowe’s 401(k) plan and Aon Hewitt... READ MORE

April is, of course, National Financial Literacy Month—and for as long as I can remember, the retirement industry has been talking about the need for some kind of personal finance education in public schools—there’s just one problem. First off, there actually are such programs already in existence... READ MORE

While a successful outcome was by no means certain at the outset, I think it’s fair to say that the NCAA basketball tournaments—both men and women’s—lived up to, and likely exceeded, expectations. Sure, there were bumps along the way—though by the time we got to the actual tournament itself—well,... READ MORE

This case is the latest volley in a nationwide barrage of lawsuits—many brought by interim lead class counsel in this case—targeting retirement plan fiduciaries for allegedly paying too much to plan service providers. This time, the target is the Pentegra Defined Contribution Plan for Financial... READ MORE