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There are now nearly 7,000 ESOPs, with about $1.3 trillion in assets and 14.4 million participants.
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By Lynn Cavanaugh | May 07, 2025
Representing 16,000 employees, a former participant in the retirement plan filed a class action lawsuit, alleging the plan’s target date funds from American Century Investments should have been replaced.
By Lynn Cavanaugh | May 06, 2025
The ongoing battle over the use of environmental, social and governance factors when making investing decisions for retirement plans continues, as Representative Rick Allen reintroduces new anti-ESG legislation.
By Lynn Cavanaugh | May 06, 2025
On Friday, 26,000 bank employees and retirees reached a settlement with Pentegra over prohibited transactions in their class action lawsuit, just nine days after a rare jury trial awarded them $38,760,232 over excessive fees.
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