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.
DOL Officially Delays Fiduciary Rule
Fiduciary Rule Delay extended 18 months to July 1, 2019, giving the Department of Labor more time for review and coordination.
What the New Form 5500 Means for 401(k) Advisors
Proposals suggest a ‘modernized’ Form 5500 will compel plan sponsors to deliver information—some of it new—in formats that facilitate data mining.
Pension ‘Twins’ Team for Better 401(k) Fiduciary Preparedness
Top firms collaborate to enhance fiduciary compliance for 401(k) advisors, addressing key concerns and ensuring better coverage.
Feds Raid Dallas-Based ‘Professional Fiduciary’
The FBI raided Vantage Benefits Administrators, a Dallas-based “TPA, recordkeeper and professional fiduciary.” The Dallas Morning News reports…
Fiduciary Rule Kill Bill Clears Hurdle
PASS Act 2017 aims to repeal the DOL fiduciary rule, protect savers, and establish a best interest standard for broker-dealers.
Two Tech Bigs Team for ‘Digital 401(k)’ Experience
FinTech giants Vestwell and Riskalyze announced a new joint offering at the Fearless Investing Summit in Lake Tahoe on Thursday.…
RiXtrema Releases DOL Fiduciary Rule Checklist
The company released its DOL Fiduciary Rule Checklist on Tuesday, in which advisors answer specific questions to ensure regulatory compliance.
Gucci Dressed Down in Latest 401(k) Lawsuit
Gucci America Inc. is the latest company to be sued over the fees associated with its retirement plan.…
5 Critical Factors To Consider in Fiduciary Accounts
How important is it to require three years of live history before considering certain investments in fiduciary accounts. Fi360's Faustino breaks it down.
The Risk of 3(38) Fiduciary ‘Flexibility’
Most plan sponsors engage a fiduciary 3(38) investment manager because they do not have the required expertise. Here's what we mean.