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.
Two Provisions to Protect Against ‘Significant’ 401(k) Litigation
Thanks to a recent ruling by the Supreme Court, employers can now be confident that arbitration agreements and…
‘Good, Bad and Ugly’ of Current Regulatory Regime: 2019 Fi360 Conference
Attendees, numbering over 800, appeared to be ready for business. Celebrating it’s 15th such conference, it also Fi360’s 20th anniversary.
401(k) Fiduciary Well-Being and the Importance of Trust
As a 401(k) specialist, you’re probably considering, or you’re already broadening, your services to extend well beyond traditional…
Caution: Pros and Cons of Arbitrating 401k Fiduciary Claims
Arbitration is an oft-used form of alternative dispute resolution. Two or more parties fail to resolve a disagreement,…
8 Tedious Tasks 401(k) Plan Sponsors MUST Complete
Tedious tasks are “have to do,” rather than “want to do.” For me, it’s usually cleaning the bathroom…
Why 401(k) Committees Need to Take Meeting Minutes
It’s been said that the DOL and courts take the position that “if it wasn’t documented, it didn’t…
Shocking Truth About Participant-Directed 401(k) Plans
There’s been a strong push in the past 20 years for 401(k) plan sponsors to offer participant-directed plans,…
Fred Reish: Novel Compliance Approach to 401(k) Fiduciary Standard
In my last three posts (No. 9 and No. 10 and No. 11), I discuss the best interest standard of care and…
401(k) Fiduciary: Critical Responsibilities and Duties
401(k) fiduciary …what the heck does that even mean? If you’re responsible for any aspect of the 401(k)…
6 Important Tasks Too Many 401(k) Plan Sponsors Ignore
The retirement plan industry has stressed the need for 401(k) plan sponsors to understand their fiduciary duties as…