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It also provides a way for retirement plan sponsors to avoid a partial plan termination.
The markup hearing, punctuated by a unanimous vote to advance the legislation, demonstrated that retirement security issues are capable of bringing together members of Congress who don’t agree on much else.
UNest Holdings claims Ascensus pushed the company out of the college savings market in an effort to create a monopoly.
The lawsuit alleges fiduciary breaches related to ensuring reasonable administrative and investment fees.