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.
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…
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…