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.
TAG and Two West Team for ERISA 3(38) Fiduciary Services
Two West Advisors and TAG Resources have joined together to develop a contract arrangement that allows Two West…
4 Critical ERISA Cases to Watch in the Coming Year
A number of issues facing ERISA practitioners came to a head in 2018 and are primed to be…
401(k) Fail: High-Fee Funds Do Way Worse (Again)
Any 401(k) professional with a pulse knows about the ongoing fight over low fees; tort lawyers like Jerry…
4 Major Challenges for 401(k) Plan Providers Now
Every year presents new challenges for retirement plan sponsors and advisors. Here are just a few items to…
Top 401(k) Fraud Story of 2018: Awful Ohio Embezzlement
An industry obstacle to higher 401(k) participation is the worry on the part of employees that their salary…
6 New Year’s Resolutions to Avoid 401(k) Fiduciary Frustration
New Year’s resolutions typically don’t stick, but plan sponsors should double their efforts, or it could cost them—dearly.…
Finally! ERISA Record Retention Requirements in Plain English
ERISA record retention requirements. Say that five times fast. All joking aside, this is actually pretty serious business.…
Fred Reish: More on What ‘Best Interest’ Really Means (In the Real World)
In my last two posts (Bests No. 9and No. 10), I discussed the definition of the Best Interest standard…
Fred Reish: What Does Best Interest Mean . . . In the Real World?
Previously, I’ve discussed different definitions of a “best interest” standard of care. The point is that, while there…
Fred Reish: What Does ‘Best Interest’ Really Mean?
“Best Interest” has become part of the American lexicon …as an aspirational goal or a demanding standard—depending on…