Legal

Fidelity's 401(k) team put together a list of trends it believes will gain traction in the coming months, including higher adoption of Roth 401(k) and managed account options.

Generally, qualified defined benefit plans must be funded under a trust created or organized in the United States.

The class action suit, filed this week in U.S. District Court in Massachusetts, alleges the company did not seek to recapture excess revenue-sharing money held to cover recordkeeping expenses.

The buyer will pay about $250 million in cash, with the eventual purchase priced tied to fluctuations in Summits book value.

The retirees said the citys decision to reduce funding of vested health-care benefits by 83 percent, starting in March, will force retirees to spend money out of pocket to replace the coverage.

The changes were fueled by the mortgage crisis, which hindered retired individuals by reducing their ability to tap into home equity to help pay for health care or monthly bills