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For example, fiduciaries include the plan administrator, which may be the plan sponsor, the plan trustee, and members of the plan’s investment committee. [read post]
9 Jul 2012, 7:21 am by Hunton & Williams LLP
ABB, Inc., found that it was too late for the plan fiduciaries for the two ABB Inc. 401(k) plans to fix their mistakes, the opinion should serve as a wake up call to other 401(k) plan fiduciaries to change their fiduciary ways before it is too late for them.The court found that the ABB defendants (the ABB Pension Review Committee, the ABB Employee Benefits Committee and John Cutter, the Director of ABB’s Pension and Thrift Management Group)… [read post]
9 Jul 2012, 7:21 am by Hunton & Williams LLP
ABB, Inc., found that it was too late for the plan fiduciaries for the two ABB Inc. 401(k) plans to fix their mistakes, the opinion should serve as a wake up call to other 401(k) plan fiduciaries to change their fiduciary ways before it is too late for them.The court found that the ABB defendants (the ABB Pension Review Committee, the ABB Employee Benefits Committee and John Cutter, the Director of ABB’s Pension and Thrift Management Group)… [read post]
10 Jul 2012, 3:10 pm by Cynthia Marcotte Stamer
Stamer presently serves as Co-Chair of the ABA RPTE Section Welfare Plan Committee, Vice Chair of the ABA TIPS Employee Benefit Committee, an ABA Joint Committee on Employee Benefits Representative, an Editorial Advisory Board Member of the Institute of Human Resources (IHR/HR.com) and Employee Benefit News, and various other publications. [read post]
22 Apr 2021, 4:27 pm by McKennon Law Group
They alleged that Hewitt, the committee, and Northrop had breached their fiduciary duties, and that the committee failed to provide ERISA-required benefit information. [read post]
July 3, 2023)A stockholder filed a derivative action alleging breach of fiduciary duty and unjust enrichment in connection with a board compensation committee’s decision to award compensation to directors. [read post]
18 Feb 2014, 5:37 am by Ann Caresani
But, I thought it would be helpful to seek the input of a CPA who has been a member of both the Executive Committee of the American Institute of Certified Public Accountants (AICPA), Employee Benefit Plan Audit Quality Center, and the AICPA Employee Benefit Plans Expert Panel – James E. [read post]
22 May 2015, 10:00 am by Mark Figuieredo
This duty requires that officers and directors do not engage in self-dealing, which involves using their position within the corporation to engage in transactions or other conduct that results in a personal benefit. [read post]
13 Dec 2011, 2:49 pm by Cynthia Marcotte Stamer
A Fellow in the American College of Employee Benefit Council, immediate past Chair of the American Bar Association (ABA) RPTE Employee Benefits & Other Compensation Group and current Co-Chair of its Welfare Benefit Committee, Vice-Chair of the ABA TIPS Employee Benefits Committee, a council member of the ABA Joint Committee on Employee Benefits, and past Chair of the ABA Health Law Section Managed Care & Insurance… [read post]
13 Oct 2017, 2:20 pm by Cynthia Marcotte Stamer
Stamer also shares her thought leadership, experience and advocacy on these and other concerns by her service as a management consultant, business coach and consultant and policy strategist as well through her leadership participation in professional and civic organizations such her involvement as the Vice Chair of the North Texas Healthcare Compliance Association; Executive Director of the Coalition on Responsible Health Policy and its PROJECT COPE: Coalition on Patient Empowerment; former Board… [read post]
14 Dec 2015, 12:07 pm by Cynthia Marcotte Stamer
A Fellow in the American College of Employee Benefit Counsel, past Chair and current Welfare Benefit Committee Co-Chair of the American Bar Association (ABA) RPTE Section Employee Benefits Group, Vice Chair of the ABA Tort & Insurance Practice Section Employee Benefits Committee, former Chair of the ABA Health Law Section Managed Care & Insurance Interest Group, an ABA Joint Committee on Employee Benefits Council… [read post]
22 Sep 2011, 7:29 pm by Susan Weiswasser
The Employee Benefits Security Administration (EBSA), the U.S. [read post]
25 Feb 2011, 1:02 am by Cynthia Marcotte Stamer
The Chair of the American Bar Association (ABA) RPTE Employee Benefits & Other Compensation Committee, a Council Representative on the ABA Joint Committee on Employee Benefits, Government Affairs Committee Legislative Chair for the Dallas Human Resources Management Association, and past Chair of the ABA Health Law Section Managed Care & Insurance Interest Group, Ms. [read post]
25 Jan 2011, 6:38 pm by Susan Mangiero
As is the case in other countries, the United States could well end up with a mandate for independent fiduciaries to serve on investment committees, after having been properly vetted, licensed or otherwise credentialed. [read post]
16 Mar 2021, 2:42 pm by Kevin Cloutier and Elizabeth Rowe
  In response to certain shareholders’ demand, the Board formed a special litigation committee (the “SLC”) to investigate the claims. [read post]
28 Mar 2019, 2:00 am by Jane Meacham, Contributing Editor
Source: hafakot / iStock / Getty An IPS is a useful tool to help retirement plan fiduciaries—for both defined contribution and defined benefit plans—demonstrate that a prudent process has been followed with plan investments. [read post]
14 Dec 2017, 4:16 pm by Cynthia Marcotte Stamer
Stamer also shares her thought leadership, experience and advocacy on these and other concerns by her service as a management consultant,  business coach and consultant and policy strategist as well through her leadership participation in professional and civic organizations such her involvement as the Vice Chair of the North Texas Healthcare Compliance Association; Executive Director of the Coalition on Responsible Health Policy and its PROJECT COPE: Coalition on Patient Empowerment; former… [read post]