Tag: ERISA

Broadridge looks at the new fiduciary rule’s “far-reaching implications for the retirement plan participant experience” and how to avoid pitfalls.

Acknowledging that “smart regulation is only as effective as its implementation,” the DOL has issued extensive guidance for advisers and providers seeking to comply with the new conflict...

The health system agreed to pay more than $350 million to settle a lawsuit challenging its pension plan's church plan status under ERISA.

A new toolkit is designed to help advisers comply with the DOL’s fiduciary rule through a number of tasks such as switching from fee- to commissioned-based investments.

Wells Fargo faces a third ERISA stock drop lawsuit in the U. S. District Court for the District of Minnesota.

The announcement impacts both IRAs and qualified plans. 

The DOL’s conflict of interest reform is expected by providers to have the biggest impact on financial services since ERISA was enacted in 1974, according to research from...

“The history of the ERISA industry has shown that any time there’s real change there is also real opportunity that comes along with it.”

A new software solution from RiXtrema addresses DOL fiduciary rule compliance for advisers finding themselves on a new regulatory playing field when it comes to rollover recommendations. 

New software from fi360 provides broker/dealers and advisers with advanced fiduciary oversight capabilities. 

The firm says its latest assessment tool is part of a larger readiness campaign to prepare advisers for a new fiduciary paradigm. 

A federal judge rejected defendants’ argument that the lawsuit, filed in December 2015, was time-barred by ERIA’s various statutes of limitation.

Another participant in a Wells Fargo retirement plan is accusing the bank of breaching its fiduciary duty in the management of company stock offered as a retirement plan...

The bank’s recent troubles over illegal sales practices have led retirement plan participants to file an ERISA stock drop suit, claiming plan fiduciaries continued to offer Wells stock...

The court found one executive in particular was not a fiduciary to SunTrust's DC plan.

A federal judge ruled the lead plaintiff does not have standing to bring his claim because he never purchased or sold ADRs of Sanofi during the alleged period...

The DOL filed a proposal to dismiss the lawsuit after the contractor made a payment to the plan.

The lawsuit notes that the plan's fiduciary ignored multiple suggestions to hire a professional to manage the plan's investments.

A concise example of summary judgement published by the 2nd U.S. Circuit Court underscores retirement plan fiduciaries’ absolute duty to diversify and carefully administer participant assets.