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.
Don’t Fret! Here’s How to Fix 401(k) Elective Deferral Failures
In order to encourage employers to use plan designs that include automatic contribution features (such as auto enrollment…
To-Do: Remind 401(k) Plan Sponsors to…
As the end of the year approaches, advisors may want to remind plan sponsors of deadlines for amending…
Does Anyone Really Understand 3(16) Fiduciary Services?
ERISA 3(16) fiduciary outsourcing helps plan sponsors reduce risks and ease retirement plan administration burdens effectively.
DOL Wants Your Opinion on 401(k) Auto Portability
Auto Portability Comments are open—share your views on the DOL’s proposed exemption for 401(k) rollover and retirement savings rules.
Why We Still Need Open MEP Legislation
We need incentives for more smaller employers to adopt 401(k) plans for their employees. However, the current structure…
Can States Enact Their Own Fiduciary Rules?
Who will fill the vacuum left by the demise of the Fiduciary Rule? Industry professionals and practitioners have…
The Ins and Outs of ERISA Fiduciary Insurance
Fiduciary liability insurance shields sponsors and fiduciaries from ERISA claims, covering errors, omissions and exposure risks.
Why the SEC Will Never Enact a Meaningful Fiduciary Standard
I continue to enjoy reading analyses on the SEC’s Best Interest proposal. These are analyses from industry leaders,…
Fidelity Faces Second 401(k) Lawsuit From Employees
Fidelity 401(k) lawsuit alleges mismanagement, excessive fees, and losses costing employees millions in retirement savings.
More Solutions Simplify Small-Biz 401(k)s
Small Business 401(k) solutions from MassMutual offer affordable pricing, fiduciary support, and turnkey plans with Aviator and Aviator Pro