ESOP Failed to Meet Burden of Proof in Suit Against Transactional Trustee
A U.S. appellate court had to resolve a dispute about whose burden it was to prove or disprove a fiduciary breach before deciding on the case.
Tag: Fiduciary
401(k) Self-Dealing Suit Filed Against Waddell & Reed
The lawsuit says Waddell & Reed forced its own 401(k) plan participants to choose among an investment lineup almost exclusively made up of funds managed by the company...
eMoney Enhancing Platform with Annuity Wizard
The eMoney Advisor platform will be updated with tools designed to help users suggest the right retirement products for clients based on their individual needs and preferences.
Putnam Wins Suit Over Proprietary Funds in 401(k)
Putnam was found not to have breached its duty of loyalty to its 401(k) plan participants, and the court found the plaintiffs did not prove a loss suffered...
Redhawk Brings ERISA Fiduciary Services to IRA Space
The FiduciaryShield toolset launched by Redhawk aims to help advisers meet fiduciary responsibilities on behalf of IRA holders.
401(k) Self-Dealing Suit Filed Against Capital Group
Selecting, retaining and failing to remove expensive group-affiliated investment options generated significant revenue for Capital Group and its subsidiaries, the lawsuit says.
Fiduciary Reforms Will Impact Expanding HSA Market
The DOL fiduciary rule expansion establishes ERISA fair dealing requirements in the sale and service of health savings accounts; employers have a lot of questions about what this...
PSNC 2017: ERISA Litigation in Perspective
Three long-time ERISA attorneys all agreed that there is just about as much retirement-focused litigation ongoing today as they have ever seen at any point in their careers.
Editor’s Letter
Kicking the Can
No more kicking the fiduciary rule implementation can down the road for the Department of Labor (DOL).
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Getting to the Right Place
While retirement plans have made great improvements in the past few years, a great deal more work still needs to be done.
Maintaining a Healthy Plan Involves Some Overlooked Factors
Plan sponsors need to take a closer look at the various components that determine the health of a plan in order to remain compliant with regulators and to...
PSNC 2017: Advanced Plan Design
Kicking off the 2017 PLANSPONSOR National Conference, the panel discussed key plan design features that can boost participant engagement.
PSNC 2017: ERISA Experts Project the Fiduciary Future
Expert speakers at PSNC 2017 freely admitted this is a vexing and even a bit frustrating time from the perspective of trying to get in front of potential...
Nationwide Rolls Out Fiduciary Rule Compliance Tools
Nationwide’s new DOL website will offer retirement plan advisers a suite of tools to help them navigate an evolving regulatory space.
Comprehensive Coverage of PSNC 2017
The three-day event featured speakers from the DOL, top ERISA law firms and plan providers, as well as high-performing plan sponsors from across the U.S.
Fiduciary Benchmarks Launches IRA Best Interest Determination Service
Fiduciary Benchmarks is planning to launch a series of services in response to the DOL’s conflict of interest rule.
Lincoln Offers Morningstar 3(38) Fiduciary Service to Clients
With the new service, retirement plan sponsors have the flexibility to select from a broad universe of investments that follow Morningstar Investment Management’s asset-class rules and are within...
DOL Takes Fiduciary Responsibilities Seminar to Cleveland
The DOL says the seminar will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.