Browsing Tag
ERISA
282 posts
ERISA (Employee Retirement Income Security Act) is a 1974 U.S. federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry. It aims to protect plan participants by requiring plans to provide information, establish fiduciary responsibilities, and give participants the right to sue for benefits and breaches of duty. ERISA also guarantees payment of certain benefits through the Pension Benefit Guaranty Corporation if a defined plan is terminated.
9 Attributes of a Fiduciary Worthy of ‘Justified Trust’
When lay fiduciaries (trustees or investment committee members) lack the time, inclination, or knowledge to prudently manage their…
7 Behaviors of Exemplary Fiduciaries
The vast majority of our nation’s liquid investable wealth is in the hands of lay-fiduciaries—the 8 million men…
DOL’s Brave ‘New’ Digital World
The very idea of “going digital” has become so commonplace that most people probably don’t even think about…
Fidelity to Pay $28.5 Million to Settle 401(k) Suit
Fidelity Investments has agreed to pay $28.5 million and change its recordkeeping practices on its own 401(k) in…
7 Ways to Make Your Fiduciary Presentations More Effective
You may want to consider pitching your pitch book. Another casualty of the current crises may be your…
Senator Slams Department of Labor’s Revamped Fiduciary Rule
The Department of Labor’s latest attempt to impose a fiduciary standard for advisors, which consumer advocates see as…
DOL Takes Strong ERISA 401(k), ESG Fiduciary Stance
It might be harder to “invest in your values” if a proposed rule form the Department of Labor…
DOL to Seek Comments on PEP and Open MEP Prohibited Transactions
Want to let the DOL know what you think of Open MEPs and PEPs under the SECURE Act?…
DOL Allowing Private Equity in 401ks Draws Mixed Reaction
The Department of Labor’s June 3 Information Letter that opens the door for 401ks to include private equity…
Once and For All: IRC and ERISA Say Cannabis 401(k) Plans Can Exist
I write to clarify and educate about the legal authority regarding how and why cannabis 401(k) plans are…