Retirement Trends

Much of the U.S. financial services infrastructure is designed around shared resources or informal caregiving.

Calculation errors and bad advice caused the teachers to make millions of dollars in extra pension contributions, a suit alleged.

New court papers released by DOJ may be the tip of the iceberg, lawmakers and advocates say.

Late last week, the U.S. Department of Labor (DOL) filed an amicus brief urging the Third Circuit to uphold a lower court's dismissal in <i>Barragan v. Honeywell Int'l Inc.</i>

The former employees argue that the company was involved in self-dealing and prohibited transactions under ERISA because it designed its own funds, picked the managers, decided how assets were allocated and then collected related fees.

The complaint, filed by the law firm Sanford Heisler Sharp McKnight, alleges that Bloomberg failed to remove two funds from its plan after they performed poorly for more than a decade.