Browsing Tag
ERISA
289 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.
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.
Lawsuit Targets Fiduciary Failures of One of the ‘Most Expensive’ 401k Plans in U.S.
The latest class action 401k lawsuit was filed in Texas on Tuesday against San Antonio-based grocery chain H-E-B,…
Will Your Target-Date Fund Trigger a Fiduciary Lawsuit?
Target-date funds may be the ticking time bomb of ERISA litigation. There are major differences among target-date funds,…
DOL Wants Your Input on Open 401(k) MEPs
Open MEPs DOL Comments are open now. Share your views with the Department of Labor before the deadline for rulemaking input.