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.
404c and QDIA: What 401k Advisors NEED to Know
In order to receive the benefits of ERISA §404(c), plan fiduciaries must comply with certain requirements. The following…
Another University Prevails in 401(k) Fiduciary Lawsuit
NYU ERISA lawsuit ended as court ruled trustees acted prudently, defeating claims of excessive fees and underperforming investments.
Why the Resurgence in Fee-Focused 401(k) Litigation?
After a few years of decline, litigation involving 401k plans “has surged again recently,” according to a study…
Another Sign 401(k) Plan Sponsors Are Fighting Back And Winning
Perhaps the tide is turning after all. In a ruling last week, CheckSmart Financial won a two-year-old lawsuit…
Be Careful What You Wish for With Fiduciary Rule
Fiduciary rule 'shelving' leaves 401(k) advisors uncertain as SEC and DOL actions shape the future of fiduciary standards.
Is This the Most Absurd Fraud Case Yet?
“You want to sue me?” “Well, why not? Sue everybody.” – Jerky Boys, “Punitive Damages” Anyone can be sued…
Why We’re Back to ‘Square One’ With 401(k) Fiduciary
Fiduciary responsibilities in financial services, with insights from Dick Friedman on risks, roles, and retirement plan management.
7 Characteristics of Top-Notch Advisors
Caveat emptor is a common Latin phrase meaning “buyer beware.” Now that it appears that the decision striking…
Lawmakers Give 401(k) MEPs a Close Look
Politicos might finally understand—the path to more retirement coverage for American workers lies in simplifying and modernizing often…
The Intersection of Three Fiduciary Standards of Care
Jason Roberts from Pension Resource Institute explains the three fiduciary standards of care, tracing their origins back to 1975.