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.
401(k) MEP Expert Pete Swisher Launches New Fiduciary Firm
Retirement plan expert Pete Swisher recently announced the launch of Waypoint Fiduciary LLC., “a thinktank, consultant, and expert…
A SECURE Act Safe Harbor for Guaranteed Income in 401ks: Fred Reish
The SECURE Act amends ERISA to create a fiduciary “safe harbor” for the selection of the provider of…
Trader Joe’s is Trader No’s in Latest 401(k) ERISA Lawsuit
Overpaying at Trader Joe’s? Who’d of thought? The popular grocer finds itself under fire for failing to leverage the…
Are 401(k) Fiduciaries Correctly Benchmarking Their Funds?
If you grew up in the mid to late ‘70s, you know well the many detective movies starring…
MIT Agrees to Hefty Sum for Alleged Fiduciary Breach
Massachusetts Institute of Technology employees and retirees will receive an $18.1 settlement as part of a deal struck…
Do 401(k) Advisors and Sponsors Really Understand 3(38), 3(21), 3(16)?
While fiduciary as a term is front and center with 401(k) advisors, how well do they really understand…
Pentegra, ADP Team on Fiduciary 3(16)
3(16) administrative services can easily cause confusion, headache and legal exposure for clients. To help, retirement plan and…
Eugene Scalia Confirmed as Next Labor Secretary
Eugene Scalia Labor Secretary confirmed by Senate 53-44, raising concerns over worker rights and his past fiduciary rule stance.
Putting MEPs on the Map
As we all know, the Department of Labor recently unveiled a new final rule that will make it…
MIT Settles Fidelity 401(k) ‘Quid Pro Quo’ Case
MIT 401k lawsuit nears settlement as participants allege fiduciary breaches tied to Fidelity; final details await court approval.