Experts caution that while a vendor can prepare and distribute plan communications, the sponsor retains the fiduciary responsibility to ensure the accuracy of what is sent.
The department sided with employers in oral arguments before multiple circuit courts of appeal, urging judges to uphold lower-court decisions to dismiss the complaints.
The U.S. Chamber of Commerce and the American Benefits Council file amicus brief claiming "improper certification of ERISA class actions...here harms American businesses and their employees."
Information about alternatives in DC plans should provide straightforward explanations about diversification and clear information about cost and liquidity.
Nationwide Retirement Solutions announces new product development leader; SEC Commissioner Hester Peirce to step down; Jackson Lewis names leader for ERISA complex litigation group; and more.
AllianceBernstein, Brookfield, Carlyle launch TAMP for DC plans; Berwyn Group releases death data detector; Aon launches digital placement exchange platform; and more.