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.
Labor Secretary Thomas Perez defended the DOLs proposed fiduciary rule, which is currently in the waning days of the Office of Management and Budgets final review.
The Pension Benefit Guaranty Corporation will pay retirement benefits for more than 21,000 current and future retirees of the A&P supermarket chain--and it has reached a final agreement with Sears Holdings Corp. over the Sears pension plan, which covers nearly 200,000 people.
Both broker-dealer reps and RIAs believe the Department of Labors pending fiduciary rule will have a negative impact on their businesses, according to a survey by Fidelity Institutional.
The DOL's fiduciary rule will change the retirement planning industry, but many disagree on its effects. Here are 5 things to know about the proposed rule, from ERISA attorneys Campbell and Reish.