Tag: 404c

7th Circuit Panel Limits Ruling’s 404(c) Effects

Faced with pressure to take another look at its February 2009 decision in a widely watched 401(k) excessive fee case, a federal appellate court has turned down the rehearing request but issued an addendum sharply limiting the earlier ruling’s scope on the issue of 404(c) protections.

Judge Says Motorola Didn’t Breach Fiduciary Duties

The U.S. District Court for the Northern District of Illinois ruled that Motorola Inc. and fiduciaries of its 401(k) plan did not breach their fiduciary duties under the Employee Retirement Income Security Act (ERISA) by continuing to offer company stock as an investment option in the plan.

Out in the Open

DoL completes three-part package of disclosure regulations

A Big Deal for Small Business

Connecticut legislation may create the first state-administered retirement plan for small businesses, but will it cut out advisers and TPAs?

Moving Forward

Excessive-fee suit against Fidelity survives initial challenge