Consumer Groups Plan to Bring National Attention to Fiduciary Rule
Their “Retirement Ripoff Counter” shows that without the protections of the fiduciary rule, investors are losing $1.9 million an hour,...
Tag: Fiduciary
Not All CPA Plan Auditors Are the Same
Nearly three-quarters handle five or fewer retirement plan audits a year, and this can lead to costly errors.
DOL Moves Forward With 60-Day Fiduciary Rule Delay
The Department is making the move in response to the Trump memorandum.
Intel Wins Suit Over Use of Alternative Investments
A court found the plaintiff in the case had actual knowledge of the facts comprising his claims more than three...
Jackson National Accused of Self-Dealing in DC Plan
The lawsuit also calls out the plan’s default investment fund for having high fees and performing poorly.
Fiduciary Rule Delay Under Final Review
Experts warn that plan sponsors may face their own set of challenges if and when the DOL fiduciary rule is...
Anthem Excessive Fee Case Moves Forward
The only motion to dismiss by the defendants that the court granted concerned a claim that the 401(k) plan should...
District Court Moves Ahead On Oracle 401(k) Challenge
A district court judge in Colorado has sided with the recommendation made by a magistrate judge, ruling that plaintiffs have...
ERISA Legality Claims Need Not Be Administratively Exhausted
An appellate court found 403(b) plan participants were questioning the legality of a plan amendment, which it said is for...
Cash Balance Challenge Defeated By Bank of America
Plaintiffs originally filed their cash balance plan lawsuit in 2004, claiming the way their employer created a cash balance plan...
State Plans Face Unique Investment Hurdles
Governmental plan sponsors are generally not policed by ERISA, but they face their own set of “old, obscure laws” that...
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Paychex Expands Fiduciary Investment Solutions
In conjunction with MidAtlantic Trust Co., Paychex is also now providing a solution to levelize the commissions paid to financial...
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Pentegra Offers Fiduciary Education to Plan Sponsors and Advisers
The report is designed to help readers understand fiduciary responsibilities and corresponding liabilities, and offers recommendations and guidance for managing...
Plaintiffs In SafeWay ERISA Lawsuit Establish Standing
Just one out of a number of allegations included in two ERISA lawsuits against SafeWay have been ruled untimely, allowing...
DOL to Hold Fiduciary Responsibilities Seminar in Maryland
The seminar aims at increasing awareness and understanding fiduciary duties when operating a retirement plan.
CITs a Driving Force in DC Space
These investment vehicles may pose pricing and regulatory advantages that could seem attractive to plan sponsors.
401(k) Participant Sues Over Investment in Chesapeake Energy
For one thing, the participant contends the ESOP portion of the plan should have been invested in the sponsoring company’s...
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Arnerich Massena Launches Plan Design White Paper
Independent investment and advisory firm Arnerich Massena released the second in a series of white papers covering retirement plan best...
ERISA Stock Drop Challenge Targets Allergan
The firm is being challenged in a New Jersey district court for alleged imprudence in the management of its employee...
Appellate Court Rejects District Court Ruling in Tussey Case
The 8th Circuit said the district court put too much weight on its statements about calculating damages.