Conflicted Findings in Fidelity Fiduciary Rule Impact Study
Fidelity finds the number of financial advisers who see opportunity in DOL conflict of interest reform has more than doubled in recent months; other advisers are planning to...
Tag: ERISA
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Fiduciary Crunch Time
Retirement industry providers are preparing careful responses to the fiduciary rule
Small Changes to the DC Framework Could Pay Dividends
Experts range in their confidence about Congress’ desire and ability to enact meaningful retirement-focused legislation, either before or after the upcoming presidential election.
Northrop Grumman ERISA Suit Sounds Familiar Claims
Participants in a Northrop Grumman retirement plan are just the latest to file a lawsuit alleging their employer willingly paid excessive provider fees—seeking to certify a class of...
ERISA Advisory Council Strongly Focused on DC Portability
Defined contribution plan participant experience expert expresses real confidence in the industry’s ability to “solve the portability problem.”
401(k) Plan Fiduciaries on the Hook for More Than $200K
A defunct company and its 401(k) plan trustee have been ordered to restore contributions that weren't remitted to the plan as well as interest on contributions.
Texas Judge Rejects Most Support Briefs in DOL Fiduciary Litigation
Just two out of an increasingly large pile of amicus briefs filed in relation to litigation seeking to halt the new DOL fiduciary rule will be considered—both of...
ERISA Suit Against Chevron DC Plan Tossed
An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S....
Use of Float Income Questioned in New Fidelity Lawsuit
Employees of HP Inc. and United Airlines filed suit over treatment of returns and interest on “float income” generated by cash in transit.
Efficient Advisors Offers Gladstone Analytics
A strategic partnership between Efficient Advisors and Gladstone Analytics will help financial planning businesses asses their client base and plan for their own future.
Allianz Self-Dealing ERISA Suit Survives Dismissal Attempt
In a complex but informative ruling, a federal judge describes why many aspects of an ERISA complaint leveled against Allianz Asset Management should be allowed to proceed to...
DOMA-Related Rulings Continue to Shape Benefits Decisions
For a significant number of benefit plan sponsors and participants, the successful effort to strike down the Defense of Marriage Act is still having an impact.
Advisers Sound Optimistic Note in Fiduciary Survey
Most advisers feel they are making good progress on addressing the Department of Labor fiduciary rule, according to a Nationwide Retirement Institute survey.
Duke 403(b) Plan Latest Target of ERISA Fiduciary Breach Suit
According to the compliant, the university failed to use the plan’s bargaining power, causing the plan to pay “unreasonable and greatly excessive fees for recordkeeping, administrative, and investment...
ICI Urges Caution Around California Secure Choice Program
The California Secure Choice Retirement Savings Program has received a lot of positive press for bringing much-needed attention to a difficult policy issue—but others warn the program could...
Cost Sharing in Mandatory Arbitration Provision Does Not Violate ERISA
A district court compelled arbitration for a spouse seeking the full benefits in her deceased husband's 401(a) and 403(b) plans.
Settlement Agreed Upon in Trinity Health Church Plan Lawsuit
In addition to cash payments, the settlement agreement also includes agreed upon provisions relating to plan administration.
Editor’s Letter
The ‘Threat’ of the PPA
The PPA is the most comprehensive reform of the U.S. pension laws since the enactment of ERISA
Court Finds Union Fund Trustee, Counsel Guilty of Retaliation
The DOL charged that workers for a union trust fund were fired for filing an internal complaint regarding wrongdoing by the trustee and cooperating with a federal criminal...