Tag: ERISA
Advice to Slow Leakage Critical Point in Fiduciary Fight
“A phone consultation, an illustration of lost future value, or an example of net take-home after taxes can effectively dissuade participants from accessing retirement funds prematurely,” according to...
Fiduciary Skill Critical to Plan Distribution Success
ERISA attorney outlines key fiduciary responsibilities related to retirement plan distributions and rollovers.
More SEC Rules on Alternatives Transparency Are Coming
The SEC this week voted to propose rules to enhance operational transparency and regulatory oversight of alternative trading systems—and the activities of brokers using them.
Road Ahead for Auto-IRAs and Open MEPs
ERISA attorney David Levine offers a few thoughts about the potential road ahead for auto-IRAs and state-run open MEPs for the private sector.
Closer Look at State-Run Retirement Systems for Private Sector
Industry insiders are divided on whether this is a good idea.
DOL Proposes Guidance on State-Run Plans for Private Sector
States offering retirement planning solutions to private-sector workers got their first look at a few highly anticipated (and increasingly controversial) pieces of regulatory guidance this week.
Wider U.S. Retirement Investing in China on the Horizon?
Volatility and geopolitical challenges aside, experts at one ERISA-focused law firm are hearing more frequent inquiries from qualified U.S. retirement plans about investing in domestic Chinese markets.
State Street’s Handling of GM Stock for 401(k) Gets Court Blessing
After much back and forth, an appellate court has finally dismissed a lawsuit against State Street Bank and Trust Company over its handling of the employee stock ownership...
Novant Health Agrees to Settle Excessive Fee Suit
However, in a statement of non-opposition filed with the court, Novant said it disagrees with the claims.
Duty to Monitor Fiduciaries Does Not Include Duty to Inform
BP has won dismissal of several claims that it failed to monitor fiduciaries who oversaw company stock investments in its retirement plans.
Does the Intel Retirement Plans Case Have Merit?
PLANADVISER reached out to Marcia Wagner, principle with Wagner Law Group in Boston, for comments about the case.
Settlement Terms and Price Tag Revealed in Boeing Fee Case
The retirement planning industry already knew Boeing would settle the nearly decade-old 401(k) litigation, but a trove of new details emerged this week as both parties agreed to...
Intel Lawsuit Questions Custom Target-Date Fund Construction
The lawsuit also hints that certain “best practices,” in part, resulted in many participants being improperly invested.
Sen Warren Finds Annuity ‘Perks and Kickbacks’ Rampant
Senator Elizabeth Warren has already made a name for herself as a harsh opponent of Wall Street, but a report issued today on collusion between the annuity and...
New PBGC Director Discusses Initiatives
The agency is looking for ways to simplify DB plan calculations.
DOL Explains Current Focus
Phyllis Borzi revealed some of the thoughts behind certain DOL initiatives, and asked for help from the industry.
Is Retirement Industry's Focus on Costs Too Much?
“Cost is not dispositive of prudence,” says Eugene Maloney with Federated Investors.
Perez Speech Hints at DOL Fiduciary Flexibility
Speaking at a Brookings Institution public meeting, U.S. Secretary of Labor Thomas Perez said he is “confident we will be making changes to improve and clarify our proposal.”