Tag: ERISA

In a letter to the DOL, members of Congress ask that changes made to the proposed fiduciary rule be submitted for review to the public before sending to...

The bank, which pled guilty to criminal charges last year, applied for an exemption that would enable it to keep its status as a qualified professional asset manager.

Under the proposed DOL fiduciary definition, the types of information given to participants are restricted or permitted and the adviser’s compensation model will also be affected. Yet advisers...

The Republican-controlled House Financial Services Committee approved H.R. 1090, the “Retail Investor Protection Act,” for potential consideration by the floor.

To expand private-sector coverage, a new report from the GAO calls for Congress to amend the ERISA pre-emption provision.

A vast majority of individuals say they are open to the idea of in-plan lifetime income options, but only about one in five DC plan sponsors say they’re...

Executives provide practical and legal tips for adding wealth management to your practice.

Nearly all American investors agree financial advisers should be required to proactively disclose conflicts of interest, actual or potential, to would-be clients. 

A survey of institutional asset managers highlights persistent uncertainty and lack of preparedness around pending SEC money market reforms.

A court found a pension plan’s SPD materially conflicted with the plan document, so a participant who expected to receive certain benefits can seek relief.

With more advisers taking on a fiduciary role, they should know when to speak up, or walk away, before a retirement plan sponsor gets them in trouble.

ERISApedia.com’s The Fiduciary responsibility eSource now includes a discussion or privacy and security issues.

Clarifying regulations could help plan sponsors choose plan investments, the GAO says.

Retirement plans need a strategy for education, but an actual policy statement may not be needed, experts say.

A lawsuit says BAT Masonry was valued at $13 million less than what its ESOP paid for company stock.

Questions about whether funds can be identified in the participant’s possession and when the statute of limitations started to accrue have pushed forward an ERISA lawsuit.

Plaintiffs’ attorney in the case confirms provisional settlement has been reached in class action filed on behalf of 190,000 Boeing retirement plan participants. 

The DOL says officials at Cement Masons Southern California Trust Funds illegally retaliated against a whistleblower who flagged ERISA violations.

Plaintiffs in the case allege that Boeing breached ERISA fiduciary duties by permitting excessive fees to be charged to 401(k) plan participants.

There are few, if any, regulations providing direct guidance on this matter.