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.
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.
Fiduciary Rule Vacated by Fifth Circuit Federal Court
Fiduciary Rule Struck Down as the Fifth Circuit Court rejects the Department of Labor’s regulation impacting retirement savings.
Bringing Balance Back to Business—One 401k Advisor’s Time Management Tightrope
A guy named Tony Powers has gotta be an elite advisor—his name just screams success, like Richie Rich…
5 (Critical) Reasons for Fiduciary Liability Insurance
“Fiduciary liability insurance—isn’t every plan required to have that?” Actually, fiduciary liability insurance is not required, but it’s…
Dallas-Based ‘Professional Fiduciary’ Sued After FBI Raid
Vantage Benefits Administrators, a Dallas-based “TPA, recordkeeper and professional fiduciary” and subject of an FBI raid in October…
Top 10 Priorities for 401(k) Plans in 2018
Things are happening as we head for 2018, retirement plans included. Health, wealth and retirement consultant Mercer helpfully provides…
What are 401k ‘Shadow Fiduciaries’ and Why Should You Care?
Not that we didn’t already know, but institutional reinforcement is always welcome. The latest research from Cerulli Associates finds…
Fiduciary Awareness is on the Wane (Wait, What?)
Fiduciary awareness decline among DC plan sponsors is rising, leaving many unprepared for growing responsibilities and legal risks.