Best Practices for Reducing Fiduciary Liability Risk
There are a number of steps plan sponsors can take to reduce their fiduciary liability risk.
Tag: Fiduciary
Groom Lawyer Rejoins Firm Following Senate Staff Role
Michael Kreps has rejoined the Groom Law Group to help expand the premier policy practice.
Fiduciary Rule Grilled on Capitol Hill
Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s...
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BNY Mellon Raising Commitment to DC Plans
Launches new publication for sponsors and advisers.
House Committee Moves to Defund Fiduciary Rule Effort
In a section called “Reducing Harmful Red Tape,” the committee proposes a “provision prohibiting regulatory changes to the definition of...
DOL Announces Hearing About Fiduciary Rule
The announcement also includes the official notice of an extended comment period.
Business Leaders Warn of Fiduciary Rule Fallout
The U.S. Chamber of Commerce issued a report warning the fiduciary rulemaking effort could harm small business employees.
What Retirement Plan Committees Should Know and Discuss
Retirement plan committees need knowledge and continuing education about a number of key subjects.
DOL Sues Firm Over Company Stock Purchases
The Labor Department filed suit against a California-based manufacturer to recover millions of dollars for ESOP plan participants.
4th Circuit Revives Case Over Transfers to Cash Balance Plan
The appellate court found that Bank of America’s closing agreement with the IRS did not make the case moot.
Settlement Reached in Fannie Mae Stock Drop Suit
Affected participants will receive $9 million, less attorneys’ fees and settlement expenses.
PSNC 2015: Using an Adviser or Consultant for Your Plan
How to find a specialist adviser, and the value one can bring to your plan.
JMM CPA Debuts Benefit Plan Audits Firm
The CPA firm JMM & Associates has launched a benefit plan audits firm.
PSNC 2015: The Regulatory Environment
Lifetime income, service provider process changes and privacy of retirement plan information are just a few things for which plan...
Documentation and Deliberation Remain Critical Post-Tibble
Two experienced ERISA attorneys suggest the Tibble fee case ruling is a positive for retirement plan sponsors—highlighting important best practices...
Fiduciaries Removed for Misusing Retirement Plan Funds
The Department of Labor filed suit against fiduciaries of a medical corporation’s pension plan for using plan assets for personal...
When Experts Are Needed to Meet Fiduciary Duties
Fiduciary basics may overwhelm retirement plan sponsors, but experts say most duties are not that complex, and help is available.
Increased Litigation Not Necessarily the Result of Tibble
Some have taken the Supreme Court’s decision in Tibble vs. Edison as paving the way for increased litigation based on...
Considerations for Retirement Plan Sponsors after Tibble Ruling
The U.S. Supreme Court has taken a modest step to ensure the fiduciary “duty to monitor” retirement plan investments is...
DOL Extends Fiduciary Comment Period
The period for public comment on the new fiduciary definition has been extended from 75 days to 90 days.