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.
Brokerage Windows in 401(k) Plans: Do Fiduciaries Have to Look Inside?
Many participant-directed 401(k) plans these days include a self-directed brokerage window option as a way to supplement the…
Will Student Loan Match Disrupt 401k Plans’ Tax Benefits?
Recent research has shown almost half of American workers are making student loan payments—whether on their own student…
Can Arbitration Shield You From 401k Class Actions?
ERISA class action lawsuits are expensive to defend even if you win. Given that 401k (and other) plan…
5 Ways to Help 401(k) Plan Sponsors Steer Clear of Lawsuits
Retirement plan sponsors have a continuing fiduciary duty to plan participants in a defined contribution plan. Navigating the…
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…