11th Circuit Reaffirms Delta Air Lines Stock Drop Victory
Circuit court sees no need to change a previous ruling in a stock drop case, reconsidered in light of the...
Tag: Fiduciary
DOL Publishes Fiduciary Rule Hearing Schedule
The Department of Labor has released its agenda for next week’s public hearings to discuss the department’s proposed fiduciary rule...
SURVEY SAYS: Effect of Fiduciary Rule
Although all respondents have at least some familiarity with the proposed rule, they are divided in their level of concern.
Terminated Participants Are Still Participants
Plan sponsor responsibilities to a retirement plan participant do not end when the participant terminates employment.
Lawmakers Press Perez to Redraft DOL Fiduciary Proposal
A group of mostly Republican Congressional representatives are urging Secretary of Labor Thomas Perez to scrap the current fiduciary rule...
A Plan Sponsor Hires a 3(38) Investment Manager
Hollis Lamon finds a 3(38) investment manager saves him money and time, improves his fiduciary processes and improves participant outcomes.
Commenters Express Concerns About Fiduciary Rule
With Tuesday’s deadline to submit comment letters about the fiduciary rule proposal, the Department of Labor received a flood of...
SIFMA Comments Support Commission Accounts
Eight comment letters to the DOL address SIFMA’s concerns about the fiduciary redefinition, including what it sees as an unfair...
Voya Asks DOL to Ease Up on Fiduciary Rule
The financial firm says the proposal has “unduly complicated” provisions.
ESOP Sponsor May Have Had Heightened Duty to Disclose
A court has found questions exist about whether a privately-held company had a duty to disclose a contemplated merger to...
On Remand, ABB Wins Fund Change Case
In the long-running Tussey v. ABB lawsuit, a court found ABB breached its fiduciary duties, but a procedural error by...
DOL Seeks Independent Fiduciary for Abandoned Plan
The plan’s recordkeeper refused to make distributions after the former plan fiduciary changed each participant’s address to his own.
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ERISApedia Adds Plan Administration Guidance Forms
The Fiduciary Responsibility eSource on ERISApedia.com has been expanded with new forms that guide retirement plan officials through key administration...
Health Plan Sponsors Must Exercise Prudence
Selection of good providers can help avoid lawsuits.
9th Circuit Confirms Stock Drop Remand
The 9th U.S. Circuit Court of Appeals refused to again revisit an amended decision in a long-running and complicated stock...
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Fidelity Offers Fiduciary Services
Advisers and sponsors have three investment support providers to choose from.
SCOTUS Won't Hear Reverse Stock Drop Case
The reverse stock drop case Tatum v. RJR Pension Committee has been turned down by the Supreme Court.
Providers Losing Plan Sponsor Trust
According to Chatham Partners, plan providers may be at risk of losing their clients.
Court Dismisses Part of Great-West Annuity Challenge
A district court in Colorado has granted in part and dismissed in part a motion from Great-West to dismiss a...
Senate Joins House in Effort to Defund Fiduciary Rule
A committee approved an appropriations bill that would restrict the Department of Labor in its fiduciary rule efforts.