Current and former participants in the Transamerica Corp.’s 401(k) plan have sued the company and plan fiduciaries, alleging they breached their duties under ERISA by failing to remove underperforming proprietary investments. The defendants “saddled the plan’s participants with substandard investment portfolios that were managed by a Transamerica affiliate,” said the complaint, filed Dec. 28 in […]
Author Archives: Mark Jeffords
5 simple ways to get smarter about your 401(k) in 2019
It’s never too early, or too late, to start getting your finances in order. And that starts with your retirement accounts. Many Americans, especially younger millennials and members of Gen Z who may be just now entering the workforce, don’t understand one of the most basic and popular retirement accounts: a 401(k). “It sounds so […]