Firm Not Liable for Botched Benefit Estimates
A federal appeals court in Puerto Rico ruled retirement benefits a participant believed were negotiated were not due under the...
Tag: Fiduciary
Aegon Sued Over Management of Its Retirement Plan
A lawsuit claims retirement plan provider and asset manager Aegon USA caused superfluous fees to be charged to its own...
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New TDF Evaluation Tool from Greenspring Wealth
Greenspring Wealth Management has launched the Target Date (k)larity evaluation tool, aimed at supporting the fiduciary needs of retirement plan...
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Cafaro Greenleaf Introduces Investment Fiduciary Solution
The boutique investment advisory and consulting firm has launched its ERISA 3(21) and 3(38) investment fiduciary services in response to...
Supreme Court Urged to Drop Review in Tibble Case
Edison International has petitioned the U.S. Supreme court to drop its review of Tibble vs. Edison International, a closely watched...
How to Assess Providers for Lifetime Income
Plan sponsors should consider the steps that go into a prudent process for selecting a provider if they want to...
Swift Congressional Action Could Follow Fiduciary Rule
Leaders of the Insured Retirement Institute expect “swift and significant legislative reaction” if the Department of Labor’s fiduciary redefinition proposal...
DOL Challenges Rochester Investment Adviser on Fees
The U.S. Labor Department filed a complaint against a Rochester, New York, investment adviser and plan administrator to recover losses...
FedEx Pension Plan Faces DOMA-Related Challenge
The surviving spouse of a fully vested participant in a FedEx pension plan claims she is being unlawfully denied a...
2014 EBSA Collection Totals Questioned
The dollar amount secured by the DOL’s Employee Benefit Security Administration dropped substantially in 2014 compared with the previous year,...
DOL Collected Almost $600 Million in 2014 Enforcement Actions
The Department of Labor’s Employee Benefits Security Administration says it restored over $599.7 million to employee benefit plans and participants...
ERISA Lawsuit Filed Against Avon Products
A lawsuit claims fiduciaries to Avon Products defined contribution plan violated their duties to participants by keeping company stock as...
District Court Moves Forward Boeing Fee Case
A federal district court has denied Boeing’s request for summary judgment on the merits of Spano vs. The Boeing Company,...
Supreme Court Sets Date for Tibble Arguments
The United States Supreme Court will hear arguments in the closely watched 401(k) fee litigation case Tibble v. Edison near the end...
The Importance of Hiring a Skilled Plan Auditor
For plan sponsors with more than 100 participants, one of the most important fiduciary duties is to ensure the plan...
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QBI Announces Fiduciary Service for Sponsors
QBI has introduced a new service providing 3(16) fiduciary support to retirement plan sponsors.
Solicitor General Argues for Reversal of Tibble Decision
The U.S. Solicitor General filed a second brief with the United States Supreme Court supporting the plaintiffs in a closely...
DOL Planning RFI on 408(b)(2) Disclosure Effectiveness
The Department of Labor wants to request new industry input and create focus groups about the effectiveness of retirement plan...
Plenty of Regulatory Action Ahead for Retirement Industry
Experts from Drinker Biddle & Reath LLP had no shortage of topics to cover in a recent discussion about potential...
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PSCA Re-Launches Fiduciary Training Program
The Plan Sponsor Council of America (PSCA) re-launched its online ERISA Fiduciary Training Program.