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.
Ameritas 401(k) Faces ERISA Suit
Three former employees allege Ameritas failed to review the plan's investment portfolio to ensure proper performance and cost
GAO Asks DOL to Focus on 403(b) Plans
The report looks at improvements that Department of Labor could make in supporting ERISA and non-ERISA 403(b) plans
DST 401(k) Plan Fiduciaries On Hook for $125 Million in ERISA Settlement
Department of Labor announces “extraordinary” settlement in case where more than 9,000 participants suffered large losses due to plan’s lack of diversified investments
DC’s Fiduciary Pulse
To help them protect defined contribution retirement plans, independent ERISA attorneys like those at Groom Law Group keep a finger on the pulse of policy developments in Washington D.C.
American Airlines Pilot Sues Company 401(k) Over ‘Woke’ ESG Investing
Proposed class action claims airline’s retirement plan is filled with investments that pursue “leftist political agendas” through environmental, social, and corporate governance strategies
Richter-Gordon, Chamberlain Launch Firm to Vet Lifetime Income Options in 401(k)s
Fee-only “Annuity Research & Consulting” debuts today with goal of transforming the DC plan industry’s approach to investigating annuity options
New Retirement Plan Consulting Firm Launches ‘Bac(k) Office’ Solution
Just-launched Freedom Fiduciaries introduces new partnership model for financial advisors and broker dealers
Plan Sponsors Spending Half Their 401(k) Time on Admin Work That Could Be Outsourced
New Pentegra survey released in conjunction with “3(16) Day” celebrating fiduciary expertise
The Arbitrability of ERISA Claims
Plan sponsors are increasingly deploying arbitration clauses in plan documents and employment agreements, but the enforceability of these clauses remains very much up in the air
ERIC Issues Comments Supporting DOL Proposal on VFCP
The ERISA Industry Committee submitted comments backing the DOL's proposed changes on VFCP, along with recommendations for further improvements