Compliance | January 20th, 2015 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...
Compliance | January 20th, 2015 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...
Compliance | January 16th, 2015 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...
Compliance | January 9th, 2015 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,...
Compliance | January 8th, 2015 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...
Compliance | January 7th, 2015 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...
Compliance | January 5th, 2015 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,...
Compliance | January 2nd, 2015 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...
Administration | December 19th, 2014 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...
Products | December 18th, 2014 QBI Announces Fiduciary Service for Sponsors QBI has introduced a new service providing 3(16) fiduciary support to retirement plan sponsors.
Compliance | December 11th, 2014 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...
Compliance | December 5th, 2014 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...
Compliance | December 4th, 2014 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...
Products | November 25th, 2014 PSCA Re-Launches Fiduciary Training Program The Plan Sponsor Council of America (PSCA) re-launched its online ERISA Fiduciary Training Program.
Compliance | November 21st, 2014 EBSA Issues Temporary Exemption for Credit Suisse Credit Suisse AG has received temporary approval to continue acting as a qualified professional asset manager (QPAM), after pleading guilty...
Compliance | November 6th, 2014 Court Opens Door for Disclosure of Investment Guidelines An appeals court has opened the door for the requirement that an ERISA plan’s investment guidelines be disclosed to participants...
Products | November 5th, 2014 Nationwide Adds Managed Account Monitoring to Fiduciary Services Nationwide has expanded the company’s 3(38) investment fiduciary service from IRON Financial, LLC.
Compliance | November 5th, 2014 Court Revisits Ruling in Light of Dudenhoeffer Decision The 9th U.S. Circuit Court of Appeals has revisited its ruling in a retirement plan stock drop suit in light...
Compliance | November 4th, 2014 MassMutual Agrees to Settle Revenue Sharing Lawsuit Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to settle a lawsuit brought by a 401(k) plan sponsor alleging the...
Administration | November 3rd, 2014 GE Sued for Moving to DC Model for Retiree Health Care One current and one former General Electric employee have sued the company for moving to a defined contribution (DC) model...