our BLOG

Retirement Doctor: Fiduciary and Compliance Mistakes

Jul 24, 2018 2:43:43 PM / by Mike Rogers posted in 401(k) plan, 401(k) plan sponsor, Fees, 401(k), best practices, ERISA, Audit

0 Comments

Fiduciary and Compliance Mistakes in 403(b) Plans

Read More

Is it Time to Review your Company-Sponsored Retirement Plan?

Jun 24, 2015 3:25:29 PM / by Kelley Jensen posted in 401(k) plan, 401(k) plan sponsor, advisor, Kelley Jensen, Tibble v. Edison International, Affordable Care Act, benefits CONSULTING, broker, Company-Sponsored Retirement Plan, company-sponsored retirement plans, ERISA, ERISA plan decision, plan investments

0 Comments

time-to-review-company-retirement-plan.jpg

Earlier this year, the U.S. Supreme Court heard arguments in the case of Tibble v. Edison International, a lawsuit that centered on an alleged breach of fiduciary duty by a 401(k) plan sponsor. On May 18th, the Supreme Court issued its unanimous opinion on Tibble.

Read More

401(k) Sponsors: Scrutiny Intensifies with Impending Decision from the Supreme Court

May 17, 2015 12:27:52 PM / by Deborah Hyde posted in 401(k) plan, 401(k) plan sponsor, Tibble v. Edison International, 401(k), Affordable Care Act, benefits CONSULTING, Deborah Hyde, ERISA

0 Comments

401k-scrutiny.jpg

UPDATE: The Supreme Court issued its unanimous opinion in Tibble on Monday, May 18.  The Court ruled in favor of the 401(k) participants and held that ERISA’s fiduciary duty requires a continuing duty, “separate and apart from the duty to exercise prudence in selecting investments at the outset,” to monitor plan investments.  Significantly, participants will be able to bring a claim of breach of the continuing duty of prudence so long as the alleged breach occurred within six years of the suit.  Employers, therefore, must undertake consistent quarterly or annual reviews of investments, and must systematically consider the prudence of each investment at that time.  Read the Court’s opinion here.

Read More

Broker Contracts: Standard Operating Procedure, or Illusive Tactic?

Sep 29, 2014 1:14:54 PM / by Deborah Hyde posted in 401(k) plan, 401(k) plan sponsor, plan sponsor, Affordable Care Act, broker, broker contracts, Deborah Hyde

0 Comments

Broker-Contracts.jpg

As plan sponsor, it is part of your fiduciary duty to select the most advantageous broker for your employee benefits. While you are likely familiar with just how involved - and sometimes cumbersome - the process of vetting and selecting a broker can be, the actual appointment of the broker is much simpler. The execution of a broker of record letter is all it takes to establish the relationship between you and the broker, and its simplicity grants you total flexibility, as you can use the letter to select a different broker who will better serve the needs of your plan at any time, for any reason.

Read More

Subscribe to Email Updates

Lists by Topic

see all

Posts by Topic

see all

Recent Posts