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.
Retirement Industry Gathers to Celebrate ERISA at 50
ERISA 50th Symposium and Gala taking place in Washington D.C. on Thursday; daytime event will be livestreamed for those unable to attend in person
Fiduciary Rule Update and ERISA at 50 with Lathrop GPM’s Allie Itami
On this episode, ERISA attorney Allie Itami discusses the fiduciary rule delays, its impact on compliance, and challenges with annuities in 401(k) plans.
Texas Judge Puts DOL Fiduciary Rule on Ice
Preliminary injunction granted late Thursday means controversial Retirement Security Rule will not be implemented as scheduled in September
House Committee Vote to ‘Stop Biden’s Fiduciary Rule’ Set for Wednesday
Approval of resolution by the House Education and Workforce Committee would make it eligible for a full floor vote
Fiduciary Rule Fate Clouds in Wake of SCOTUS Chevron Doctrine Ruling
With Chevron doctrine thrown out, courts—not agencies—have more leeway to interpret statutory provisions and challenges to rulemaking are ramping up
Corporate Roundup: ERISA Turns 50, T. Rowe Price Launches Framework
In this week's corporate roundup, ERISA celebrates 50 years, while T. Rowe Price introduces latest framework in evaluating retirement income features, Ascensus names new RVP, and more
Groups Urge Supreme Court Review of Ninth Circuit Ruling That Could Explode ‘Frivolous’ ERISA Litigation
ERIC, American Benefits Council and SPARK Institute among those filing amicus brief saying allowing decision to stand would redefine prohibited transactions
$61 Million Settlement Finalized in GE ERISA Case
Final approval announced today marks largest settlement ever in an ERISA case alleging a retirement plan improperly offered proprietary funds
Key Action Points for Advisors to Consider Ahead of Final Fiduciary Rule
As the industry expects to see more ERISA fiduciaries enter the market in 2024, panelists at the VCI Industry Leaders Summit touch on next steps for advisors to review
DOL Issues Rule Amending PTE Filing, Processing Procedures
Amendments address changes in application review processes since 2011