Wyeth Settles Stock Drop Suit
Wyeth Inc. agreed to settle a class action stock drop lawsuit.
Tag: ERISA
Pioneer Offers Share Class for DC Plans
Pioneer Investments launched a low-cost share class designed for inclusion in certain qualified defined contribution (DC) retirement plans.
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Bylaws of a 401(k) Administrative Committee
A plan sponsor’s administrative committee needs to abide by written bylaws, according to a white paper from RidgeWorth Investments of Atlanta, titled “The Best Practices of Retirement Plan...
Making the In-Plan Guaranteed Income Decision
Plan design coupled with product design can result in better outcomes for retirement plan participants, said Stephen Bozeman, senior product strategist at BlackRock.
Fee Disclosure Can Be Opportunity for Advisers
Plan sponsors are largely optimistic about fee disclosure regulations, but say they need help from advisers.
DOL Provides Post-Hurricane Compliance Relief
The Department of Labor (DOL) issued compliance information for employee benefit plans adversely affected by Hurricane Sandy.
Elimination of DC to DB Transfer Permitted
An employer did not violate ERISA by eliminating the right to transfer from a defined contribution to a defined benefit plan, a court found.
High Court Upholds Presumption of Prudence
The Supreme Court declined to review two cases where plan sponsors were found to have a presumption of prudence related to company stock offerings.
DOL Weighs In on Single-Property Transaction
The Department of Labor (DOL) stated its position regarding whether a purchase or sale of a single property by a pension trust violates ERISA.
ERISA Violation Debts Cannot be Discharged
A court has found that a plan fiduciary cannot discharge debt owed to the plan because of Employee Retirement Income Security Act (ERISA) violations.
Gotbaum Urges More Flexibility for Retirement Plans
The job of regulatory agencies is to encourage the offering of retirement plans.
HP 401(k) Eyed for ERISA Violations
Zamansky & Associates LLC is investigating the Hewlett-Packard Company’s 401(k) plan for potential violations of the Employee Retirement Income Security Act (ERISA).
Tool Helps Determine Sponsor's Provider Needs
The Guardian Insurance & Annuity Co. Inc. launched a tool to help advisers assist their clients with service provider needs.
Avoiding Audits Following Fee Disclosure
Following the final Department of Labor (DOL) 408(b)(2) and 404(a)(5) regulations, many providers and plan sponsors were unprepared, but there are best practices to avoid an audit.
Attorneys Ask for Service Provider 408(b)(2) Remedy
Attorneys with the firm Drinker Biddle & Reath have asked the Department of Labor (DOL) to consider a voluntary correction program for service providers failing to meet disclosure...
Plan Sponsors Should Create a Realistic IPS
Plan sponsors and fiduciaries can learn from federal court findings in Tussey v. ABB Inc., and should avoid overly detailed investment policy statements (IPS), a white paper asserted.
ExpertPlan, One Capital in Product Partnership
ExpertPlan Inc. will provide recordkeeping and administrative services for One Capital Management LLC’s Strategic Retirement Solutions Model Program.
Informal Inquiry Protected Under ERISA
A court ruled that an informal inquiry by a plan participant about mismanagement of plan assets is protected activity under the Employee Retirement Income Security Act (ERISA).