Credit Suisse Can Continue Managing Retirement Plan Assets
The bank, which pled guilty to criminal charges last year, applied for an exemption that would enable it to keep...
Tag: Fiduciary
House Committee Vote Snubs DOL Fiduciary Proposal
The Republican-controlled House Financial Services Committee approved H.R. 1090, the “Retail Investor Protection Act,” for potential consideration by the floor.
Is Your Plan Adviser Helping You with Compliance?
Retirement plan sponsors are usually not experts in compliance, while advisers and consultants are, so sponsors may want to rethink...
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Privacy and Security Information Added to Fiduciary Guide
ERISApedia.com’s The Fiduciary responsibility eSource now includes a discussion or privacy and security issues.
Legislators Hear Arguments About Fiduciary Reform
Hearings before two House Financial Services subcommittees add more commentary to the debate about the DOL's proposed fiduciary rule.
Misconceptions Fog Fiduciary Rule’s Upside
The proposed fiduciary rule would protect investors with slender assets in rollovers, DOL says.
DOL Accuses ESOP Fiduciaries of Prohibited Transactions
A lawsuit says BAT Masonry was valued at $13 million less than what its ESOP paid for company stock.
DOL Seeks More than $1.6M in Losses for Profit Sharing Plan
A health care company filed no annual reports, did not perform valuations and took more than $1.6 million in improper...
Court Affirms Dismissal of Verizon Pension Risk Transfer Suit
An appellate court ruled that the decisions to amend the plan and transfer certain assets to an annuity contract were...
DOL Says Company Kept Employee 401(k) Contributions
A construction company ceased operations in 2013 and has not paid 401(k) participants their plan assets, according to a lawsuit.
Trial Date Set for Boeing 401(k) Fee Case
Plaintiffs in the case allege that Boeing breached ERISA fiduciary duties by permitting excessive fees to be charged to 401(k)...
Investment Manager Held Liable for Not Diversifying Plan Assets
Fiduciaries should do everything possible to overcome perceived impediments to diversifying retirement plan assets, a judge found.
DOL Stands Firm on Fiduciary Rule Despite Negative Comments
With hearings ongoing in Washington, Labor Secretary Perez underscores commitment to fiduciary rule change in letter to federal lawmakers.
Fiduciary Rule Hearings Kick Off in Washington
There is perhaps no better venue than a marathon Labor Department hearing to show what practices and beliefs most divide...
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Wells Fargo Will Offer Financial Engines Advisory Services
Major retirement plan recordkeeper reaches agreement to deliver independent advisory services via Financial Engines.
11th Circuit Reaffirms Delta Air Lines Stock Drop Victory
Circuit court sees no need to change a previous ruling in a stock drop case, reconsidered in light of the...
DOL Publishes Fiduciary Rule Hearing Schedule
The Department of Labor has released its agenda for next week’s public hearings to discuss the department’s proposed fiduciary rule...
SURVEY SAYS: Effect of Fiduciary Rule
Although all respondents have at least some familiarity with the proposed rule, they are divided in their level of concern.
Terminated Participants Are Still Participants
Plan sponsor responsibilities to a retirement plan participant do not end when the participant terminates employment.
Lawmakers Press Perez to Redraft DOL Fiduciary Proposal
A group of mostly Republican Congressional representatives are urging Secretary of Labor Thomas Perez to scrap the current fiduciary rule...