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.
Schlichter Wins Again, University to Pay $16.75 Million
Famed fiduciary tort lawyer Jerry Schlichter has done it again—winning settlement concessions from Emory University. His firm, Schlichter…
Supreme Court Limits Fiduciary Breach Lawsuits
The U. S. Supreme Court ruled 5-4 Monday that workers can’t accuse pension plan administrators of mismanaging their…
7 Essential 401(k) Fiduciary Hacks
We’ve always recommended that retirement professionals follow the letter of the law. But, in the case of new…
6 Key COVID-19 Considerations for DC Plan Fiduciaries
ERISA fiduciary COVID-19 process steps include reviewing investments, fraud safeguards, and participant education for compliance.
Which 401(k) Plans Get Sued and Why?
It used to be reserved for major 401(k) plans with deep pockets, but fiduciary lawsuits against plan sponsors…
7 Sensible Cybersecurity Steps for 401(k) Plan Sponsors
Cybersecurity breaches of retirement plan participant accounts have occurred with increasing frequency in recent years. Just this past…
EBSA Issues New CARES Act 401(k) Guidance
Further federal guidance regarding deadline relief for 401(k) plans impacted by CARES Act changes is here. The Employee…
How to Quarantine Your Practice Against the ‘Fiduciary Flu’
During this Covid-19 crisis, what skills did you draw upon so that you could properly serve your clients?…
Advisor Considerations for HSAs and ERISA Subject of Upcoming Fi360 Webinar
The 2020 Fi360 Webinar Series continues next week with a trio of webinars including Wednesday’s middle event on…
Lessons from Jerry Maguire in the Current COVID Crisis
During this crisis and the resurgence that will follow, one thing is for certain—we’re going to place much…