by Malinda Wood | Aug 30, 2017 | Uncategorized
In its latest round of FAQs, the DOL clears up retirement plan advisors’ confusion around 408(b)(2) disclosures and recommendations to increase contributions and plan participation. Earlier this month, Diana Britton with Wealth Management magazine, reported on...
by Malinda Wood | Aug 30, 2017 | Fiduciary Liability, TAGline
Herding Cats… I know you’ve heard the expression, “it’s like herding cats.” That feeling of exasperation must be a common thought for retirement professionals when faced with the myriad of articles, reports, and projections surrounding the Department of Labor...
by Malinda Wood | Jul 31, 2017 | Uncategorized
Tracking down the valid claims In a recent blog post, ERISA attorney Carol Buckmann ran down some recent court decisions on these cases: Putnam Investments defeated a claim that putting its own funds in its 401k plan was imprudent. Voya was released dismissing claims...
by Malinda Wood | Jul 31, 2017 | Uncategorized
A recent article by Marcia S. Wagner in Investment News brought to light a district court decision that has implications for how retirement plan sponsors should monitor their adviser. Employee Retirement Income Security Act of 1974, Section 405(d)(1), provides that if...
by Malinda Wood | Jun 30, 2017 | Uncategorized
Plan Sponsor reports that employees of Northrop Grumman have reached an agreement with their employer to resolve claims in the long-running matter of In re Northrop Grumman Corp. ERISA Litigation, a class action lawsuit initially filed back in 2006. The case involves...
