Browsing Tag
ERISA
289 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.
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.
Dismissal Denied: 401k Case Against Edward Jones Will Continue
A federal judge has denied Edward Jones’ second motion to dismiss a case alleging ERISA violations by the…
Oregon Settles Lawsuit with State Retirement Plan Challenger
A unique lawsuit: ERISA Industry Committee sues Oregon Retirement Savings Board for alleged ERISA violations.
How to Kick 401(k) Fiduciary Duties Up a Notch
Retirement Plan Analytics is set to roll out Fiduciary-Plus, a plan management (as opposed to a platform management) tool that provides 3(38) services and so much more.