Rhode Island Reaches Pension Accord With Some Unions
If approved, a proposed settlement will end litigation from six challenges that arose from changes made to Rhode Islands’ public...
Tag: Fiduciary
Ameriprise Financial Settles ERISA Fee Litigation
Ameriprise will pay $27.5 million to settle a 401(k) excessive fee lawsuit.
Court Dismisses Fidelity Float Income Suit
A federal district court has ruled float income is not a retirement plan asset belonging to participants.
Oral Misrepresentation Enough to State a Claim Under ERISA
A pension plan participant who claims he didn’t receive promised credit for service can proceed with his lawsuit.
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Blue Prairie Group, PSCA Collaborate for ERISA Course
An online ERISA training program from Blue Prairie Group and PSCA offers a self-paced course in fiduciary skills.
SEC Signals Intent for Uniform Fiduciary Standard
The Securities and Exchange Commission has signaled it could move sooner rather than later on its own changes to investment...
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ERISApedia.com Publishes Fiduciary Responsibility eSource
Burrmont Compliance Labs, LLC announces a guide to ERISA fiduciary responsiblities is now being published on ERISApedia.com.
GOP Tells OMB to Proceed with Care on Fiduciary Rule
In a letter to the Office of Management and Budget, GOP senators predict dire consequences for American workers if the...
Retirement Income Gap Projected at $7.7T
According to the Pension Rights Center, the nation faces an almost $8 trillion shortfall in retirement income.
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HR360 Offers 2015 Group Health Plan Notices Calendar
HR 360 Inc. updated its Group Health Plan Notices Calendar to reflect 2015 requirements and deadlines.
Supreme Court Could Consider RJR Stock Drop Case
The U.S. Supreme Court may take up important fiduciary liability questions related to a “reverse stock-drop” case leveled against a...
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BB&T Debuts 3(16) Fiduciary Unit
A new service allows a plan sponsor to focus on its core business, while BB&T works on the administrative duties...
House Members Push DOL for Fiduciary Rule Details
A bipartisan group of U.S. House members penned an open letter to the Department of Labor that demands more detail...
DOL Series Takes on Fiduciary Challenges for Small Sponsors
A webcast series from the DOL aims to help increase awareness and understanding about basic fiduciary responsibilities for plan sponsors...
Court Orders Additional Recovery of Misused Pension Funds
A federal court has ordered a fiduciary to repay $300,000 to a number of pension plans, for which the Department...
Justices Consider ‘Duty to Monitor’ in Fee Case Arguments
The U.S. Supreme Court heard oral arguments in a case said to be the first excessive 401(k) fee litigation to...
Implications of Fiduciary Proposal Remain Opaque
Many fear the new definition of fiduciary will make it harder for retirement plan participants to gain access to advice.
Pushback and Applause for Obama’s Fiduciary Comments
President Barack Obama said he expects opposition from special interest groups to the pending fiduciary rule, even though specifics of...
President Fires Warning Shot in Fiduciary Rule Debate
The Obama Administration is strongly backing the Department of Labor’s ongoing fiduciary redefinition effort, with the president advocating for a...
Long-Running Lockheed Martin Fee Case Settled
Plaintiffs’ attorney Jerry Schlichter says the settlement is the largest result for a 401(k) excessive fee claim ever levied against...