Browsing Tag
Fiduciary
613 posts
Being a fiduciary means acting on behalf of another person or entity and having a legal and ethical obligation to put their interests above your own. Essentially, a fiduciary is entrusted with the responsibility to make decisions and manage assets in a way that benefits their client, not themselves. This relationship is built on trust and confidence, requiring the fiduciary to act with utmost good faith, care, and loyalty.
Pentegra, ADP Team on Fiduciary 3(16)
3(16) administrative services can easily cause confusion, headache and legal exposure for clients. To help, retirement plan and…
401k MEP Rule Takes Effect
The Department of Labor’s MEP rule—which makes it easier for small businesses to offer DC plans to their…
Trump Labor Pick Scalia Grilled By Democrats
Eugene Scalia, son of the late Supreme Court Justice Antonin Scalia, faced lawmakers in his Senate confirmation hearing…
8 Critical Steps to a More Cybersecure RIA
This is the first part in a series of articles on how fiduciary practices leverage the training and…
Advisor Charged With Stealing Funds For Travel, Luxury Hotels
An advisor with “penchant for international travel” racked up massive amounts of credit card debt, and allegedly used…
MIA: Clear Guidance About Missing 401(k) Participants
With the Department of Labor by all accounts stepping up a national audit campaign targeting 401(k) plans with…
Theft Suspect Offers 401k as Partial Restitution
In a novel attempt at payroll theft penance, a woman arrested on suspicion of embezzling from a company…
Miners Locked Out of 401(k)s Get Access to Funds
Blackjewel 401k funds are finally accessible after withheld paychecks left miners without retirement savings for months.
Scalia Possibly Barred from Fiduciary Rule Rewrite
A potential conflict of interest could leave labor secretary nominee Eugene Scalia out of the fiduciary rule rewrite process.
Major Ruling in ‘Plan Sponsor as Fiduciary’ Lawsuit
The Fourth Circuit Court of Appeals has allowed a life insurance beneficiary to sue her husband's employer for breach of fiduciary duties.