…can face penalties and personal liability for plan losses. Attend this course to understand fiduciary responsibilities and liabilities, how to identify the different types of plan fiduciaries and implement fiduciary liability reduction strategies and tactics. *Disclaimer: This recording is not eligible for Continuing Education Credits…
…at them in reverse order. The Department of Labor’s (DOL) fiduciary rule — which among other things held that anyone serving as a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA) statute must do so solely in the best interests of plan…
…a uniform fiduciary standard for brokers and advisors was disrupted when the Department of Labor (DOL) fiduciary standard, also known officially as the “Conflict of Interest” rule, was repealed by a Federal court. Into this vacuum stepped several parties: (a) the Securities and Exchange Commission…
…which streamlined exemptions are not available? Should the exception to fiduciary status for recommendations to institutional fiduciaries (e.g., banks and RIAs managing $50 million or more) be expanded? The time-frame for response is tight: just fifteen days to answer the first question about extending the…
…percentage of 401(k) plan sponsors outsource many of the day-to-day administrative duties to a 3(16) fiduciary services provider. An ERISA Section 3(16) fiduciary is a person or entity that takes on the responsibilities and shared liability for administrating a retirement plan. A 3(16) fiduciary can…
…in developing effective retirement income strategies. An individual IPS should be developed with the help of a financial professional. Plan sponsors may even wish to consider offering such a service through a unique type of ERISA fiduciary professional, the 408(g) fiduciary adviser. The bottom line…
…with the state excluded the incarcerated employees, its plan document did not. As the 3(16) fiduciary administrator for the plan, naturally, this set off a long series of conversations around the definition of an ‘employee’ and a great deal of discussion with our legal team….
A package that included H.R. 1187, the Corporate Governance Improvement and Investor Protection Act, was passed by the U.S. House of Representatives by just one vote, 215-214, on June 16. The bill, whose future in the Senate remains unclear at this time, would require publicly…
…Combining into a MEP can make it simpler for a given company or business owner to run a retirement plan while providing an appealing level of efficiency and governance. MEPs currently cover about 4.5 million people – an impressive enough figure, although in February there…
…be a complex and lengthy process. Navigate these complexities and review the guidelines surrounding QDRO administration, valuation methodology and compliance requirements — including plan, ERISA and tax issues associated with QDROs. Join us as we discuss best practices in managing QDROs from a fiduciary perspective….
…should be their ultimate destination. Plainly put: If a fiduciary of plan is not actively assessing who is being paid, what amount they are being paid, and how those payments are being made, then they have not fulfilled their fiduciary duty vis-à-vis the plan’s participants….
We hear a lot of conversations among clients and advisors debating the value of a 3(16) Plan Administrator. A 3(16) Plan Administrator is the fiduciary who manages the day-to-day administration of a retirement plan, not only performing traditional Third Party Administrator (TPA) services, but accepting…