ERISA 404(c) Compliance Well Worth the Effort
Frederick Reish, partner in the Drinker Biddle & Reath Employee Benefits & Executive Compensation Practice Group and Chair of the Financial Services ERISA Team, suggests a good way...
Tag: 404c
Proposed Bill Aims to Encourage Retirement Plan Offerings
A U.S. Congressman has introduced a bill to encourage small businesses to offer retirement plans for employees.
Plan Advisers Should Urge Sponsors to Prepare for 404(a)(5)
Plan advisers should not delay helping plan sponsors prepare for the 404(a)(5) regulation as the deadline looms.
YRC Worldwide Agrees to Settlement of Stock Drop Suits
YRC Worldwide Inc. has agreed to pay $6.5 million to settle lawsuits brought by its employees over losses in their retirement accounts from investments in company stock.
Court Rejects 404(c) Defense in Certifying Stock Drop Suit Class
A U.S. District Court has certified as a class action a suit against YRC Worldwide that claims it offered company stock as a 401(k) investment option when it...
IMHO: “Smoke” Signals
Plan sponsors spend a lot of time wondering—and worrying—about the “right” way to do things.
DoL Repeats Safe Harbor Protection Argument
Secretary of Labor Hilda L. Solis has once again contended that safe harbor status does not shield fiduciaries from liability for imprudent plan investments.
Court Gives Baxter 404(c) Protection in Stock-Drop Suit
A court cleared Baxter International of wrongdoing in connection with a 401(k) stock-drop lawsuit.
DoL: No 404(c) Safe Harbor in Fiduciary Breach Case
Secretary of Labor Hilda L. Solis has warned a federal appellate court that protections for plan participants could be harmed if it does not overturn a lower court...
Consultancy Expands with Fiduciary Fitness Review
An Illinois-based retirement plan consulting firm has introduced a Fiduciary Fitness Review for plan sponsors.
dean's list
Opportunity “Knocks”
The past year has brought with it an extraordinary amount of change to our industry.
fiduciary fitness
Map Quest
Mapping funds remains one of the central issues in maintaining 404(c) compliance
EBSA Sets Out Carrot, Stick Agenda
When it comes to employee benefit plans, there’s a new sheriff in town.
Summary Prospectus Users Still 404(c) Eligible
Plan sponsors got a bit of a roadmap from the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) about how to rely on a summary prospectus to...
IMHO: “To Do” List—Part 2
10 Things You’re (Probably) Doing Wrong—or Not Doing Right—as a Plan Fiduciary (continued).
IMHO: Duty Calls?
When it comes to qualified retirement plans, there are three kinds of people: people who are fiduciaries and know it, people who aren’t fiduciaries and know...
IMHO: The “Burden″ of Proof
Recently the 7th Circuit responded to requests that it reconsider its opinion in the revenue-sharing/″excessive fee″ case of Hecker v. Deere.
IMHO: The “Burden″ of Proof
Recently the 7th Circuit responded to requests that it reconsider its opinion in the revenue-sharing/″excessive fee″ case of Hecker v. Deere.