A Plan Sponsor Hires a 3(38) Investment Manager
Hollis Lamon finds a 3(38) investment manager saves him money and time, improves his fiduciary processes and improves participant outcomes.
Tag: Fiduciary
Commenters Express Concerns About Fiduciary Rule
With Tuesday’s deadline to submit comment letters about the fiduciary rule proposal, the Department of Labor received a flood of...
SIFMA Comments Support Commission Accounts
Eight comment letters to the DOL address SIFMA’s concerns about the fiduciary redefinition, including what it sees as an unfair...
Voya Asks DOL to Ease Up on Fiduciary Rule
The financial firm says the proposal has “unduly complicated” provisions.
ESOP Sponsor May Have Had Heightened Duty to Disclose
A court has found questions exist about whether a privately-held company had a duty to disclose a contemplated merger to...
On Remand, ABB Wins Fund Change Case
In the long-running Tussey v. ABB lawsuit, a court found ABB breached its fiduciary duties, but a procedural error by...
DOL Seeks Independent Fiduciary for Abandoned Plan
The plan’s recordkeeper refused to make distributions after the former plan fiduciary changed each participant’s address to his own.
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ERISApedia Adds Plan Administration Guidance Forms
The Fiduciary Responsibility eSource on ERISApedia.com has been expanded with new forms that guide retirement plan officials through key administration...
Health Plan Sponsors Must Exercise Prudence
Selection of good providers can help avoid lawsuits.
9th Circuit Confirms Stock Drop Remand
The 9th U.S. Circuit Court of Appeals refused to again revisit an amended decision in a long-running and complicated stock...
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Fidelity Offers Fiduciary Services
Advisers and sponsors have three investment support providers to choose from.
SCOTUS Won't Hear Reverse Stock Drop Case
The reverse stock drop case Tatum v. RJR Pension Committee has been turned down by the Supreme Court.
Providers Losing Plan Sponsor Trust
According to Chatham Partners, plan providers may be at risk of losing their clients.
Court Dismisses Part of Great-West Annuity Challenge
A district court in Colorado has granted in part and dismissed in part a motion from Great-West to dismiss a...
Senate Joins House in Effort to Defund Fiduciary Rule
A committee approved an appropriations bill that would restrict the Department of Labor in its fiduciary rule efforts.
Best Practices for Reducing Fiduciary Liability Risk
There are a number of steps plan sponsors can take to reduce their fiduciary liability risk.
Groom Lawyer Rejoins Firm Following Senate Staff Role
Michael Kreps has rejoined the Groom Law Group to help expand the premier policy practice.
Fiduciary Rule Grilled on Capitol Hill
Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s...
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BNY Mellon Raising Commitment to DC Plans
Launches new publication for sponsors and advisers.
House Committee Moves to Defund Fiduciary Rule Effort
In a section called “Reducing Harmful Red Tape,” the committee proposes a “provision prohibiting regulatory changes to the definition of...