Browsing Tag
ERISA
296 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.
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.
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,…