Tag: Fiduciary
Compliance News
Legislative and Judicial Actions
Financial assistance for multiemployer plans; faith-based entities may now benefit from the public student loan forgiveness program; FINRA project examines...
Juniper Networks Is Latest ERISA Lawsuit Target
The claims included in the complaint, which in some respects directly contradict arguments made by other plaintiffs in related fiduciary...
SeaWorld ERISA Lawsuit Seeks Sizable Damages
The text of the lawsuit notes the fast pace of the filing of excessive fee lawsuits against retirement plans operated...
ESG and Shareholder Rights Rule Under White House Review
The language of the regulation has not yet emerged, but the title published by the Department of Labor suggests it will address both ESG and proxy voting matters.
An ESG Refresher as DOL Makes Progress on New Regs
Industry experts are watching for the imminent filing of new Department of Labor regulations pertaining to the use of environmental,...
ERISA Ruling in 5th Circuit Supports American Airlines Defendants
The appeals court has technically affirmed, vacated and reversed parts of a district court ruling that granted summary judgement against...
Schwab Faces Failure-To-Monitor Scrutiny in Massachusetts
The firm is accused of failing to take sufficient steps to monitor customer accounts for further payments to a former adviser—himself accused of substantial wrongdoing—whose registration last lapsed...
Judge Stays Land O’Lakes Lawsuit for Mediation
The Land O’Lakes defendants’ motion to dismiss the suit based on a lack of subject matter jurisdiction and failure to...
Hidden Commissions, Fraud Alleged in New Fiduciary Breach Lawsuit
Plaintiffs in a lawsuit filed in Tennessee say their adviser never disclosed that he received a commission on the sale...
A DOL Fiduciary Rule and PTE Refresher
No matter if an adviser is a flat-fee registered investment adviser or a commission-based broker/dealer, the DOL says the collection...
Midsize Plan Claims Self-Dealing by Russell Investments
The same attorney that is representing employees of Caesars Entertainment in a self-dealing lawsuit filed in May against Russell Investments...
When ‘Eating Your Own Cooking’ Becomes Self-Dealing
One conclusion that can be drawn from the rash of self-dealing lawsuits filed in the retirement plan services industry is...
Russell Investments Draws Self-Dealing Scrutiny
Plaintiffs in a new ERISA lawsuit say Caesars Entertainment allowed Russell Investments to pack its plan with proprietary investment options,...
Pentegra Introduces Fiduciary Scorecard to Measure Plan Success
It gives sponsors a way to document the fiduciary oversight process.
Industry and Congress Agree the Coverage Gap Is a Big Problem
Witnesses at a retirement security hearing held Thursday by the Senate HELP Committee all spoke about the central importance of closing the defined contribution plan coverage gap.
Intelligence Driven Advisers Launches FUTUREADY401K for Small to Midsized Sponsors
The plan features a professionally managed investment lineup and fiduciary services.
DOL Investigation Lessons Learned From Long Experience
Drawing on their collective decades of experience working inside and outside the DOL, a panel of expert ERISA attorneys convened...
DOL Releases Guidance on Investment Advice Exemption
This is meant to help retirement investors, employee benefit plans and investment advice providers.
15th Anniversary of RPAY: Everhart Advisors
Since being named the 2018 PLANSPONSOR Mega Team Retirement Plan Adviser of the Year, the practice’s assets under advisement have...