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.
What Crayola Color of 3(16) Does Your Vendor Provide
Within the retirement services industry, we are comfortable with the complexity of the requirements and services made available…
How to Address the (Major) Risks of Proprietary Funds in 401(k)s
A study by the Center for Retirement Research at Boston College in May 2018[1] found that over 40…
Smaller 401(k) Plans Have A LOT More Problems Than Larger Plans
Common sense might suggest that larger 401(k) plans face more significant challenges than those of small businesses. Yet,…
Can a Company Implement a Match Safe Harbor Mid-Year?
Businesses make strategic changes throughout the year. These changes may involve ramping up or down employees, buying or…
ERISA 3(38) and 3(21)—What’s the Difference?
Is it surprising or scary that too many 401k advisors are still unfamiliar with ERISA terms like 3(38),…
Why 401(k) Advisors, Sponsors NEED an ERISA Attorney
References to the hilariously un-PC movie Airplane set the stage for That 401(k) Conference at Coors Field in…
How to Establish a Strong Investment-Focused 401(k) Plan Committee
As a retirement plan sponsor, one of the biggest steps toward ensuring regulatory compliance includes establishing a committee…
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…