Browsing Tag
401(k) Fiduciary
172 posts
A 401(k) fiduciary is a person or entity responsible for managing a 401(k) plan in the best interests of its participants. Under ERISA, fiduciaries must act prudently, diversify investments, follow plan documents, and avoid conflicts of interest. This includes duties like selecting and monitoring investment options, managing fees, and ensuring compliance. Fiduciaries can be employers, plan administrators, advisors, or trustees. Failing to meet fiduciary responsibilities can result in legal liability and financial penalties. Their primary goal is to protect and grow employees’ retirement savings through responsible and ethical plan management.
Judge Finds American Airlines Liable for ESG Investing in 401(k) Plan
Ruling announced today says airline breached its fiduciary duty of loyalty by failing to act solely in the plan’s best financial interests
Groups Urge Supreme Court to Clarify ERISA Litigation Pleading Standards to Combat Surge in Frivolous Suits
Amicus briefs filed asking Court to affirm Second Circuit judgment in Cunningham v. Cornell University which will be heard on Jan. 22
SEC Committee to Discuss Definition of ‘Fiduciary’ Thursday
Panel will seek to clarify who is required to serve in a client’s best interest for investors as courts keep new fiduciary rule from taking effect
Eickman Joins Jason Roberts at Rebranded Fiduciary Law Center
The Retirement Law Group today announces rebrand to FLC and the addition of Matthew Eickman as Chief Legal Officer
Broadridge 360: The Latest Fiduciary Rule, a Convergence, and Refined Client Experiences
The first day of the Broadridge 360 Advisor Summit covered the latest trends surrounding the retirement planning industry
Breaking Down the Basics: DOL Fiduciary Rule
A webinar hosted by Endeavor Retirement discussed what advisors need to know about the DOL's final fiduciary rule
Forfeiture Litigation Raises New Issues for Plan Fiduciaries
Groom Law Group’s George M. Sepsakos covers allegations and potential implications of recent lawsuits against plan fiduciaries related to the use of plan forfeitures
7 Key Takeaways from 2023 Excess Fee and Performance Litigation
Euclid Fiduciary’s Daniel Aronowitz recently released his annual report on ERISA class action litigation
DOL Sues Defunct Maryland Biz for Unremitted 401(k) Contributions
Co-owner fiduciaries of computer forensics firm failed to remit $44,000 to plan over five years
Congress Voicing Concerns with DOL Fiduciary Rule Proposal
50 bipartisan reps send letter urging controversial rule be withdrawn, and House Capital Markets Subcommittee will hold a hearing Wednesday to explore its necessity