PLANSPONSOR Roadmap: Understanding Plan Sponsors’ Fiduciary Duties
Speakers discussed who qualifies as a retirement plan fiduciary and what fiduciary duties entail.
Tag: ERISA fiduciary duties
Opinions |
What a PEP Changes—and What It Doesn’t—for Employers
The Standard’s assistant vice president of retirement plan sales explains an employer’s responsibilities when joining a pooled employer plan.
Bloomberg Sued Over 401(k) Plan Funds That Allegedly Lagged Market
The complaint alleges the company breached fiduciary duties by retaining underperforming investment options that cost employees millions in retirement savings.
Complaint Alleges Elanco US Failed to Monitor Its Adviser’s TDF Selection
The plaintiffs allege a breach of fiduciary duty, since the selected fund consistently underperformed its target.
Magistrate Judge Recommends Dismissal of AT&T PRT Suit
Plaintiffs have standing to sue but did not sufficiently allege a fiduciary breach, a Massachusetts magistrate found.
Does the DOL’s New Self-Correction Option Require a Participant Notice?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Study Finds Fiduciary ‘Red Flags’ Are Widespread for Corporate Plans
Abernathy Daley 401k Consultants' 5500 review finds that most corporate retirement plans have regulatory or fiduciary violations.
Benefits |
PSNC 2024: Essential QDIA Considerations
Plan sponsors may need additional time and processes to consider qualified default investment alternatives, as various TDFs, managed accounts and...
EBSA Announces Additional Fiduciary Compliance Seminars
The upcoming seminars will be held in Fort Wayne, Indiana, and Omaha, Nebraska.
Judge Denies Kimberly-Clark Corp.’s Motion to Dismiss
A retirement plan lawsuit in federal court in Texas will advance against the manufacturer of paper products.
Upcoming EBSA Webinars Will Detail Fiduciary Duties
Three EBSA webinars this month will explain the basics of ERISA fiduciary duties for retirement and health plans.
Benefit Plan Fiduciaries and Service Providers Anticipating New Litigation Risks
Experts say COVID-19 could open the door to new a new category of ERISA lawsuits.
Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the...
Balancing Fiduciary Duty With ESG Demand
As desire for sustainable investments increases, retirement plan sponsors are still cautious about offering ESG funds while regulatory guidance is...
Interpreting Prudence and Loyalty Under ERISA
ERISA attorneys explain the meaning behind both terms and what plan fiduciaries can do to meet the requirements.
Opinions |
Barry’s Pickings: An Opportunity for the Court to Bring Clarity on ERISA Fiduciary Rules
Michael Barry, president of O3 Plan Advisory Services LLC, argues that the U.S. Supreme Court, now has an opportunity to...
AutoZone ERISA Challenge Drives Ahead
The fiduciary breach lawsuit, which has now cleared the motion to dismiss stage, does not name Prudential as a defendant,...
Opinions |
Cassell v. Vanderbilt University: Nonmonetary Remedies
Sometimes, with retirement plan litigation settlements, the most telling detail and the true value to participants is in the nonmonetary...
What to Look for When Monitoring Retirement Plan Advisers
Plan sponsors have a duty to monitor retirement plan advisers, but may be forgetting to request or research certain information.