Tag: ERISA

Several factors have created a retirement funding gap that is estimated to be as high as $6 trillion, said panelists in a discussion at BlackRock.

Matrix Financial Solutions, a Broadridge company, released a practice guide to help advisers understand proposed changes to ERISA fiduciary rules.

The HR and benefits consulting firm Buck Consultants appointed Joanne Jacobson as principal and Employee Retirement Income Security Act (ERISA) compliance consultant.

Word that the Department of Labor (DOL) is stepping up its enforcement is being backed up by the number of actions being announced.

“While we as advisers understand a lot of pieces of the puzzle, the plan sponsor doesn’t,” Keith Gredys, CEO and president of Kidder Benefits Consultants Inc., told attendees...

The type of adviser you are—fiduciary or nonfiduciary—dictates your business model, said Brad Campbell, counsel in Drinker Biddle & Reath’s Washington, D.C., office and speaker at the PLANADVISER...

Never has the industry seen such potential for change, Marcia Wagner, president of The Wagner Law Group, told attendees at the PLANADVISER National Conference in Orlando, Florida.

ERIC recently filed a brief with a federal appellate court in a case about a plan changing over from defined benefit to cash balance status.

A federal district court has given the green light to certain claims that fiduciaries to Weyerhaeuser Company’s pension plans breached their duties by overinvesting the plans’ assets in...

An investment adviser has been ordered to restore plan losses, incentive fees and penalties for several employee benefit plans.

A federal appeals court found the application of the presumption of prudence to be appropriate at the motion to dismiss stage.

A federal appeals court affirmed the dismissal of a lawsuit against Fidelity Management Trust Company regarding excessive fees.

An insurance brokerage firm must repay more than $270,000 to the participants and beneficiaries of a Florida-based retirement plan.

More than $150,000 must be restored to the profit-sharing plan of a now-defunct Illinois company, said the U.S. Department of Labor...

Claims brought against John Hancock Life Insurance Company by retirement plan participants have been dismissed.

A law firm is investigating whether RadioShack Corporation violated the Employee Retirement Income Security Act (ERISA) by offering company stock in its retirement plan.

United Benefit Advisors (UBA) has named PLAN DOC Builder a Certified Solution for its more than 2,000 benefit professionals across 140 Partner Firms. 

The Department of Labor (DOL) has weighed in on whether certain revenue sharing payments constitute plan assets under the Employee Retirement Income Security Act (ERISA).

Morningstar Credit Ratings, LLC, is now qualified as a “Rating Agency” as defined by the U.S. Department of Labor (DOL).

ASPPA says a uniform fiduciary standard would cause confusion, but a coalition of other financial groups said retail customers would benefit from such a standard.