Tag: Fiduciary

The Department of Labor’s (DOL’s) re-proposal of the definition of fiduciary is another indication that fiduciary responsibilities are increasing, and broker/dealers in particular could be impacted.

Thomas Brown Hammond was sentenced Wednesday to four years and nine months in prison for retirement fund theft.

Distinguishing between education and advice is among the most difficult issues when updating the definition of fiduciary, according to a Department of Labor (DOL) official.

RPG Consultants and IRON Financial formed an alliance to enable retirement plan sponsors to use IRON Financial’s technology and portfolio management capabilities. 

MillenniuM Investment & Retirement Advisors (MIRA) and Rosenbaum Law Firm introduced Fiduciary Freedom Solutions (FFS) for 401(k) and 403(b) plans.

Castle Rock Innovations, LLC (CRI) is offering tools that focus on benchmarking fees and services.

Citi released a white paper that details issues facing broker/dealers and registered investment advisers (RIAs) with delivering services to meet recommended changes to fiduciary requirements.

Mesirow Financial and PNC Institutional Investments introduced Employee Retirement Income Security Act (ERISA) Section 3(21) and 3(38) fiduciary services for PNC's Vested Interest retirement plan sponsors. 

 An employer breached his fiduciary duties under the Employee Retirement Income Security Act (ERISA) by failing to honor a former employee’s rollover distribution request.   

 The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC and CEO Howard Neels for failing to remit employees’ contributions to the company’s 401(k)...

Members of the retirement plan community were mostly positive about the final rule on 408(b)(2) fee disclosure regulations.

 Fee disclosure regulations, in-plan guarantees, target-date strategies and retirement planning optimism will significantly impact the retirement plans industry in 2012, predicts Chuck Cornelio, president of Lincoln’s Retirement Plan...

Reliance Trust Company added employee stock ownership plan (ESOP) valuation expert Bucky Wright to its investment team. 

A report from Broadridge Financial Solutions provides insights designed to help firms successfully navigate the new fee disclosure regulation being implemented by the Department of Labor.

The Department of Labor (DOL) announced upcoming voluntary fiduciary correction program workshops in three states.

The Pontiac General Employees Retirement System is suing Delphi Financial Group over its buyout of Tokio Marine.   

A PSCA survey found that while companies are in the process of restoring contributions, they are also increasingly focused on plan investments.