With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
Some employers mistakenly think the fiduciary rule won't affect how they administer retirement plans, since they're already fiduciaries -- but there's plenty of gray area where plan sponsors might get into trouble, say compliance experts.
Will the vagueness of the fiduciary rule's impartial conduct standards give advisors on retirement plans some protection during the rules transition period?
While registered investment advisors wont be exposed to the fiduciary rules more onerous contractual requirements, RIAs are not completely off the hook, according to a client alert from attorneys at Drinker Biddle.
The Supreme Court ruled that employee retirement plans of religious-affiliated nonprofits -- so-called 'church plans' -- are exempt from the protections and requirements of federal pension law.
Excerpts from depositions were made public in an investors lawsuit accusing Theranos officials of misrepresenting the companys performance and blood-testing technology.
Vermont will soon have a state-administered multiple employer retirement plan to help the more than 100,000 people -- a third of its civilian workforce -- who do not have access to a workplace retirement savings plan.
Even as the fiduciary rule's impartial conduct standards go into effect on June 9, Acosta's decision not to delay the rule could prove a Pyrrhic victory for fiduciary rule advocates.