Search results for: acts 19
Annuities Are Potentially More Useful Today Than Ever
Anxiety about turning DC plan assets into a “lifetime retirement paycheck” in such a low-rate environment is keeping aging Americans in the workforce—including many who very likely have...
Self-Correction and Compliance Tips from Former IRS Attorney
There are many fiduciaries out there who are not educated on the voluntary corrections programs run by DOL and IRS. Former IRS staffer Lisa Tavares says they are...
8th Circuit Sides with Defense in Stock Drop Appeal
The affirmation once again shows how influential has been the Supreme Court’s 2014 decision known as Fifth Third v. Dudenhoeffer. It also presents an interpretation of how Fifth...
Index Funds Nearly Universal in Large 401(k) Plans
A BrightScope/ICI study also found collective investment trusts (CITs) accounted for a larger share of assets in larger plans than smaller plans.
Process Protects Fiduciaries in Sequia Fund Performance Lawsuit
The ERISA fiduciary duty requires fiduciaries to act with prudence, not prescience, a court said.
MFS Reaches Settlement Agreement in ERISA Lawsuit
In addition to a multi-million dollar monetary settlement, MFS has agreed to certain plan design changes moving forward.
IRI Offers Research, Statistics and Education About Retirement Income
Outdated withdrawal strategies and risks retirees face create a need for the use of products and solutions that guarantee income, according to the 2019 Insured Retirement Institute (IRI)...
Tracking SECURE Act, RESA, DOL Developments and More
The SECURE Act and open MEPs are among topics explored by the PLANSPONSOR National Conference ‘Washington Update’ panel.
Georgetown University Lawsuit Plaintiffs Asked Too Late to Amend Complaint
The denial of leave to file an amended complaint by a district court judge offers a brief lesson in Federal Rules of Civil Procedure.
Generation X in Most Precarious Retirement Readiness Situation
Defined contribution (DC) plan design and financial advice can help Generation X, who lacks financial stability and is falling short in retirement savings, improve retirement preparedness.
A Conversation with Jerry Schlichter, ERISA Litigator
Schlichter says many participants in retirement plans pay lower fees for investments and recordkeeping as a result of ERISA litigation; others ask whether plan sponsors’ fear of lawsuits...
Supreme Court Could Soon Consider Several ERISA Cases
In recent months, writs of certiorari have been filed with the Supreme Court in four cases involving tax qualified defined contribution plans.
Some Expect Senate Action Sooner Than Later on SECURE Act
One retirement industry executive says she believes the Senate could act quite quickly in taking up the SECURE Act, which just passed the House of Representatives with a...
Q1 Pension Buyout Volume Sets Record Pace
“Buyout products had a very strong start to the year with $4.7 billion in sales,” says Mark Paracer, assistant research director for LIMRA SRI. “Previous first quarter sales...
Fixed Annuity Sales Jumped in First Quarter
Sales of fixed annuities increased 38% during the first quarter of 2019 relative to the same period last year, according to the LIMRA Secure Retirement Institute.
Advisers’ Leading Role in Cybersecurity
It is important to ask what cybersecurity means to retirement plan service providers and fiduciary advisers—and what steps they can take to ensure the safety of participant assets...
As Bull Market Ages, Coaching Investors on Volatility Remains a Must
Novice investors’ reactions to stock market volatility present an endless and intriguing field of study for behavioral economists, but for financial advisers, poor client decisionmaking is a serious...
Neuberger Berman ERISA Complainants Get Another Chance
The text of the decision highlights that Federal Rule of Civil Procedure 15 provides that a court may permit a party to amend its pleadings “when justice so...