If there is a Ground Zero in Employee Retirement Income Security Act (ERISA) litigation these days, it surely is the Dirksen Federal Building on Dearborn Street in downtown Chicago.
By the time the U.S. Supreme Court weighed in on James LaRue's case earlier this year, few were surprised that he was allowed to pursue his case to recover on behalf of his own account.
Having just gotten back from a week in Chicago at our annual Plan Designs conference (bigger and better than ever, I might add!), my head is still swimming with new ideas, modifications of existing "assumptions," and the occasional validation of the "tried and true."
PLANSPONSOR.com news articles that also appear in the Upfront section of the July issue.
We all have them: those front-line experiences that are Âinevitable when one deals with the variety—and sensitivity—of issues associated with human beings and critical life events. Sometimes those stories are tragic, sometimes they are bizarre, and Âsometimes—admit it—they are just plain funny.
A couple of months ago, we covered a survey that outlined what were supposedly some of the most atrocious workplace misbehaviors (see "Mouth Watch," Upfront).
Each month, Bells & Whistles highlights recent product introductions that plan sponsors may find of interest.
With Congress considering whether to make it easier for states to adopt comprehensive health insurance reform in the face of federal inertia, one such experiment that just officially marked its silver anniversary could very well provide a glimpse of things to come.
Earlier this year, PLANSPONSOR convened its first-ever 403(b) Summit. The following articles were drawn from panels at that event.
For all the talk about the need for retirement-income solutions in defined contribution plans, actual pickup remains woefully low.
Following the markets, securities lending has been on its own roller coaster ride—albeit a somewhat more pleasurable one. Beginning in the second half of 2007, as the crisis in the credit markets deepened, the markets experienced dislocations.
Benita L. Cook, et al. v. Boyd F. Campbell
In 2005, Congressman Miller, the current Chairman of the House Education and Labor Committee, sent a letter to GAO beginning with the words, "Our private pension system is in Âcrisis."
One of the most important developments in the defined contribution plan marketplace in recent years was the Pension Protection Act (PPA) amendment to ERISA section 404(c) that affords plan sponsors protection from fiduciary liability for investing participant accounts into certain "default" investments in the absence of affirmative directions
In its survey of large 401(k) plans (with median plan assets of $248 million), Hewitt found that, between 2005 and 2007, there had been a dramatic shift in the way that plan sponsorsÂ were measuring the success of their 401(k) plans.