BB&T Debuts 3(16) Fiduciary Unit
To help plan sponsors with fiduciary duties and day-to-day administrative tasks, BB&T Retirement and Institutional Services has created 3(16) Alliance Services.
Tag: Fiduciary
Sibson Offers DC Plan Scorecard
Sibson Consulting has created a DC Plan Scorecard that provides a framework for reviewing all aspects of defined contribution (DC) plans.
Company Stock Considerations Depend on Employer Goal
Implications of two litigation outcomes in June 2014 depend on the type of employee stock ownership plan an employer offers.
Investment Software Addresses Fiduciary Liability
New software from The E‐Valuator LLC provides Web‐based investment management support to mitigate fiduciary liability through customizable risk tolerance and reporting settings.
Sanofi Potentially Faces Stock Drop Suit
Multinational pharmaceutical company Sanofi is being investigated for possible ERISA violations after continuing to offer company stock as a retirement plan investment option, despite alleged knowledge that it...
Court Orders Additional Recovery of Misused Pension Funds
A federal court has ordered a fiduciary to repay $300,000 to a number of pension plans, for which the Department of Labor sued over misuse of assets.
Pushback and Applause for Obama’s Fiduciary Comments
President Barack Obama said he expects opposition from special interest groups to the pending fiduciary rule, even though specifics of the rulemaking have not yet been disclosed.
President Fires Warning Shot in Fiduciary Rule Debate
The Obama Administration is strongly backing the Department of Labor’s ongoing fiduciary redefinition effort, with the president advocating for a strengthened fiduciary standard amid a flurry of industry...
Long-Running Lockheed Martin Fee Case Settled
A $62 million settlement between Lockheed Martin and participants in its 401(k) plan brings to rest a nearly decade-old complaint arguing Lockheed failed to adequately negotiate for lower...
Northern Trust Agrees to Settle Securities Lending Suit
Northern Trust wants to put an end to litigation that has been ongoing since 2009.
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Breaking Down Savings Barriers
Proof that advisers play a critical role in boosting balances
Aegon Sued Over Management of Its Retirement Plan
A lawsuit claims retirement plan provider and asset manager Aegon USA caused superfluous fees to be charged to its own retirement plan.
New TDF Evaluation Tool from Greenspring Wealth
Greenspring Wealth Management has launched the Target Date (k)larity evaluation tool, aimed at supporting the fiduciary needs of retirement plan sponsors and participants.
IRS Shares Tips for Avoiding Form 5500 Scrutiny
The IRS revealed Form 5500 errors it found during various compliance projects, which could cause a plan to be selected for a compliance check.
Fiduciary Insights Can Boost Practice Performance
Learning about fiduciary best practices can help financial advisers build client trust and raise assets, according to a survey by fi360.
Supreme Court Urged to Drop Review in Tibble Case
Edison International has petitioned the U.S. Supreme court to drop its review of Tibble vs. Edison International, a closely watched retirement plan fee litigation case involving the company’s...