| RJR Tobacco Once Again Beats ERISA Imprudence Claims |
| At its heart, the case is about participants who feel their employer sold their Nabisco stock holdings at a remarkably inopportune moment, when the stock value was severely depressed and right before a major rally. While the court acknowledges the participants’ substantial financial losses are unfortunate, it does not agree that the losses can be blamed on fiduciary imprudence.
Read more > |
|
| Window Guard |
| Eric Droblyen, president and CEO of Employee Fiduciary, a third-party administrator in Mobile, Alabama, recommends to his sponsor clients that their plans have no brokerage window option. “I just don’t like giving participants too much rope to hang themselves,” he says of the risk that they will invest unwisely.
Read more > |
|
| Institutional Investors See Best Returns in Years |
| However, corporate funds’ and Taft Hartley plan’s returns trailed those of public funds and foundations and endowments.
Read more > |
|
| Employees at Small Businesses Need a Retirement Plan |
| Eighty-one percent of small business employees expect to be offered a retirement savings plan, but the reality is that only 58% of small companies have one. This disconnect is most striking for Millennials and members of Generation X, who believe their employer-sponsored retirement plan will be their biggest source of income in retirement.
Read more > |
|
