Tag: ERISA

Plaintiffs from the Caterpillar retirement plan feel the price paid for advice was too high and was not transparently tied to the level of service delivered. 

“If there were any doubt about the best interpretation of the church-plan definition, it would be resolved by the position adopted and consistently applied by the IRS, DOL,...

Defendants unsuccessfully argued that the breach of fiduciary claims should be dismissed because they fulfilled their duties by offering an array of investment options.

A lawsuit filed against JP Morgan Chase in New York levels a series of allegations that are by now very familiar to retirement industry professionals. 

According to both district and appellate court rulings, the ESOP fiduciaries knowingly offered the employer stock at an inflated price. 

Conflicting media reports have started to circulate, some to the effect that a delay of the DOL fiduciary rule has already been effectuated—others that are more skeptical this...

Advisers are “keenly aware of their clients’ moods and recognize that there are no ‘one size fits all’ retirement plans in the face of an unpredictable future,” research...

A new series of white papers from Fiduciary Benchmarks asks the challenging question, “Who has the job of determining whether an adviser’s compensation is reasonable?”

The Pension Benefit Guaranty Corporation has released updated instructions on filing premiums required by sections 4006 and 4007 of ERISA during the 2017 plan year. 

To appreciate the riskiness of a stock intimately involves its market valuation, and to argue that the ESOP fiduciaries should have been able to outguess the market’s valuation...

Since the DOL conflict of interest rule’s publication, mutual fund providers and their adviser-intermediaries have also been asking the SEC extensive questions about sales loads, fee schedules, etc. 

Two plan trustees are accused of breaching their fiduciary duties by failing to take action to recover funds owed to a money purchase plan, which was loaned in...

The DOL and EBSA announced a final rule to assist large cities and other political subdivisions establish payroll deduction IRAs for private-sector workers.

The National Association for Fixed Annuities has failed again to win an injunction in a DOL fiduciary rule challenge that was previously defeated in a federal district court...

As implementation of the DOL’s fiduciary rule approaches, advisers may have to choose between remaining in the DC business and pursuing traditional wealth management.

A Chicago-based ophthalmologist was accused by the DOL of improperly diverting money from a DB plan’s investment accounts. 

Consultants from Grant Thornton suggest they have already seen strong business impacts coming out of the DOL fiduciary rule. 

In the retirement planning and investment industry of the near- and long-term future, providers’ motivations will play a deep role in determining success.