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.
The Dramatic Rise in Excessive 401k Fee Litigation—And Who’s Fighting It
After an unsatisfying Supreme Court decision for retirement plan fiduciaries in Hughes v. Northwestern, the U.S. Chamber of Commerce continues to fight the explosion of cases in a “cottage industry” with a unique strategy meant to get cases dismissed before they get to summary judgments or settlements. Here's an in-depth look at the issue
Inside the Post-Pandemic Retirement Benefits Landscape for Small Businesses
It's time for business owners to reevaluate their 401k offerings
RPS Retirement Plan Advisors Launches Pooled Employer Plan
“RPS SmartCourse Savings Plan” allows employers to take advantage of combined plans that are cost-effective and reduce liability
Wednesday is ‘3(16) Day’ to Celebrate Fiduciary Services
Pentegra designates March 16 as such to promote the value of a 3(16) fiduciary
How Auto Portability Helps Women, Minorities and Lower-Income Workers
Auto portability is exactly the response from the private sector that you would hope for and expect
Supreme Court Hears Northwestern University Fiduciary Breach Case
Hughes vs. Northwestern University is only the second excessive fee case to reach highest court
Pete Swisher, Jason Roberts Launch New Fiduciary Services Firm
'We look at their contract with the recordkeeper, and invariably there are holes'
An Incredible Opportunity for Retirement Plan Advisors: Wealth@wor(k) 2021
'They just can’t see the vision, although we are the blueprint for it'
Don’t Fail to Protect Financially Naïve 401(k) Beneficiaries
Like the excessive fee debacle, it will probably take lawsuits to remedy this breach of responsibility
Cybersecurity Due Diligence Key to Minimizing 401k Reputational Risk
'The greater the number of parties sharing participant data, the more complicated securing that data becomes'