Fiduciary Governance

Fiduciary Governance

By Nevin Adams2/26/2015 • 0 Comments

The Government Accountability Office recommends that DOL require plan sponsors to notify the agency when they implement lump sum windows, and coordinate with Treasury to clarify guidance on the information sponsors provide participants.

READ MORE

By Nevin Adams2/25/2015 • 0 Comments

A 401(k) revenue-sharing lawsuit finally got its day before the U.S. Supreme Court.
READ MORE

By John Iekel2/25/2015 • 0 Comments

ASPPA CEO and Executive Director Brian Graff has warned that the fiduciary rule reproposal could have serious and negative consequences.
READ MORE

By Nevin Adams2/23/2015 • 0 Comments

Today President Obama, as expected, will throw his support behind the Department of Labor’s controversial fiduciary rule reproposal — but the details of the proposal remain elusive. READ MORE

By Nevin Adams2/23/2015 • 0 Comments

The Department of Labor’s much-anticipated fiduciary reproposal has drawn intense criticism from SEC Commissioner Daniel M. Gallagher.
READ MORE

By Nevin Adams2/23/2015 • 0 Comments

Exceptions should not be the rule, at least not when it comes to the Department of Labor’s fiduciary regulation reproposal, according to a new white paper from the U.S. Chamber of Commerce.
READ MORE

By Nevin Adams2/10/2015 • 0 Comments

In a Feb. 5 letter from Senate Committee on Homeland Security and Government Affairs Chairman Ron Johnson (R-Wisc.) to Secretary of Labor Thomas Perez, the committee requests that the DOL better explain its fiduciary regulation reproposal. READ MORE

By ASPPA Net Staff1/30/2015 • 0 Comments

The White House memo on the DOL’s proposal to redefine what constitutes a fiduciary continues to engender negative reaction. READ MORE

By ASPPA Net Staff1/29/2015 • 0 Comments

Remember the importance of 401(k) plan committees, which can exercise their fiduciary responsibility through meetings and quarterly reviews. READ MORE

By John Iekel1/26/2015 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) was not arbitrary and capricious when it concluded that Kentucky Bancshares was obliged to comply with the Pension Protection Act and ERISA when it terminated its retirement plan and trust, the 6th Circuit has ruled.
READ MORE

By ASPPA Net Staff1/15/2015 • 0 Comments

Funding levels of pension plans sponsored by the S&P 1500 fell by 9 percentage points in 2014, from 88% to 79%. According to Mercer, the plans’ collective deficits more than doubled last year, reaching $504 billion at year-end.
READ MORE

By Nevin Adams1/15/2015 • 0 Comments

The 7th U.S. Circuit Court of Appeals has outlined the conditions for determining the existence of a partial plan termination, ruling on the fifth appeal of what it called a “seemingly interminable class action suit.”
READ MORE

By Nevin Adams1/14/2015 • 0 Comments

Illinois Attorney General Lisa Madigan (D) is arguing that the Land of Lincoln has “police powers” that allow it to change a contract in extraordinary circumstances, including changes to the state’s public pensions contained in a 2013 pension overhaul.
READ MORE

By John Iekel1/13/2015 • 0 Comments

The Pension Benefit Guaranty Corporation on Jan. 12 issued a draft of the 2015 premium filing form and instructions. It provides information for plans paying premiums for plan years beginning in 2015, including instructions for all the particular forms of data that must be reported.
READ MORE

By John Iekel11/19/2014 • 0 Comments

The Department of Labor has announced that on Jan. 15, 2015 it will hold a hearing on whether Credit Suisse affiliates can serve as qualified professional asset managers. READ MORE

By Craig Hoffman11/18/2014 • 0 Comments

Plan administrators were beginning to feel comfortable with their procedures for participant benefit statements, but changes are in the offing. The Department of Labor’s most recent guidance plan includes a proposed regulation that could significantly affect the way plan sponsors draft and distribute these notices. READ MORE

By John Ortman10/27/2014 • 0 Comments

Despite lacking any regulatory authority to do so, the Department of Labor has made an issue of fiduciary training over the last few years. The reason, according to Bryan Cave's Sheldon H. Smith: The DOL views fiduciary training as a critical element of good governance, and looks for evidence of a fiduciary training program upon audit.
READ MORE

By John Iekel7/25/2014 • 0 Comments

It’s easy for inertia to take over when financial decisions have to be made, especially when it comes to investment choices in a 401(k) plan. In “Using Re-enrollment to Improve Participant Investing and Provide Fiduciary Protections,” a white paper prepared for JP Morgan Chase & Co., Fred Reish and Bruce Ashton discuss one solution — re-enrollment, or requiring participants to re-invest in the plan by making new decisions about how the funds in their retirement accounts are invested.
READ MORE

By John Iekel6/30/2014 • 0 Comments

Fiduciaries of an ESOP are not entitled to any special presumption of prudence with regard to purchases or sales of employer securities, except as the duty of prudence relates to diversification of plan investments, the U.S. Supreme Court ruled June 25.  In an ASPPA asap, Ilene Ferenczy of Ferenczy + Paul LLP, offers her insights on this case and what the ruling means.  READ MORE

By John Iekel6/13/2014 • 0 Comments

Funds held in inherited IRAs are not retirement funds and must be included in a bankruptcy estate, the U.S. Supreme Court ruled June 12. The Court’s 9-0 ruling in Clark v. Rameker, No. 13-299 (U.S. 6/12/14), aff’d 714 F.3d 559 (7th Cir. 2013)) was definitive in drawing a distinction between inherited IRAs and retirement funds, and between inherited IRAs and other funds to which the Bankruptcy Code’s exemptions apply. The Court’s ruling ended years of ping-pong litigation in which successive courts reversed decisions by lower courts.  READ MORE

«« First |1 2 3 4 5 6 7 ... 22 23 24 25 26 | Last ››