Regulatory Chatter and Industry Trends
- Princeton University ERISA lawsuit settlement details have been released. The university has agreed to pay $5.8 million to settle the excessive fee lawsuit. The agreement also calls for conducting an RFP process, creating rules for how often committees meet and reviewing TIAA’s participant loan program.
- Federal Court has ordered the Bridgeport Health Care Center (BHCC), which had operated two former Bridgeport, Connecticut, nursing homes, and former officer Chaim Stern to pay a total of $3.4 million to the BHCC’s health and retirement plans to resolve violations of ERISA.
Investment Manager News
Construction Spending – August 3, 2020
EIA Petroleum Status Report – August 5, 2020
EIA Natural Gas Report – August 6, 2020
Jobless Claims – August 6, 2020