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On May 24, 2024, a class action complaint was filed in the Eastern District Court of Virginia by Debra Hanigan, et al (“Plaintiff”) against Bechtel Global Corporation and the Bechtel Trust & Thrift Plan Committee (“Defendants”) for a breach of fiduciary duty of prudence by requiring Plan participants to pay excessive administrative fees to be defaulted into the Plan’s managed account program.
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Topics discussed in this quarter's commentary are: The Iran War Dimming of the Liberal World Order The Tariff Chaos The K-Shaped Economy AI-Labor Displacement Ballooning Deficit Conclusions & Expectations The first quarter commentary offers a more in-depth...
https://nexus338.com/wp-content/uploads/Trump-IRA-Fact-Sheet-2026-04-30.pdf
Summary: Recent indicators suggest that economic activity has been expanding at a sold pace. (No Change) Job gains have remained low, on average, and unemployment rate has been little changed in recent months. (Change) The Committee seeks to achieve maximum employment...
Dual Mandate Affirmation The U.S. economy has been expanding at a solid pace. While job gains have remained low, the unemployment rate has been little changed in recent months. Inflation has moved up and is elevated, in part reflecting the recent increase in global...
Objective To alleviate certain regulatory burdens and litigation risk that interfere with the ability of American workers to achieve, through their retirement accounts, the competitive returns and asset diversification necessary to secure a dignified and comfortable...