Search for: "The Retirement Benefits Investment Committee" Results 1 - 20 of 780
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4 Dec 2019, 8:33 am by Sharon L. Lippett
With respect to the Retirement Committee, the court noted that the DOL admitted that a breach by the Investment Manager occurred before monitoring by the Retirement Committee could begin. [read post]
5 Dec 2019, 11:17 am by Epstein Becker & Green, P.C.
In WPN, the Department of Labor alleged that the Retirement Committee for two plans sponsored by Wheeling Corrugating Company and its affiliates (the “Retirement Committee”) breached its fiduciary duty by failing to monitor the investment fiduciary appointed to manage plan assets (the “Investment Manager”) and failing to remove the Investment Manager when it did not follow instructions from the Retirement… [read post]
4 Dec 2019, 8:33 am by Sharon L. Lippett
With respect to the Retirement Committee, the court noted that the DOL admitted that a breach by the Investment Manager occurred before monitoring by the Retirement Committee could begin. [read post]
17 Apr 2012, 10:05 pm by Cynthia Marcotte Stamer
., Inc. will pay more than $600,000 to settle charges it violated the Employee Retirement Income Security Act (ERISA) reminds employee benefit plan fiduciaries and brokerage or other providers of investment advice or services to employee benefit plans. [read post]
14 Mar 2021, 5:00 pm by Eric D. Altholz
Most well-advised employers have robust fiduciary governance structures for their retirement plans built around administrative and investment committees, which have adopted written charters and meet regularly. [read post]
25 Oct 2022, 6:30 am
Beyond legislation on divestment and state contracts, states are deploying task forces, investigations and report committees to encourage or discourage ESG investing. [read post]
12 Sep 2018, 6:41 am by Cynthia Marcotte Stamer
Among other things, it would: End required minimum distributions of funds from 401(k) plans and other retirement savings accounts for retirees with balances under $50,000; and Protect the ability of participants invested in lifetime income options through an employment-based retirement plan against losing these investment guarantees when their employer changes recordkeepers. [read post]
20 Jun 2023, 5:58 pm by Steve Bainbridge
Kevin LaCroix reports that: On June 2, 2023, an American Airlines pilot filed an ERISA class action lawsuit in the Northern District of Texas against American Airlines; the American Airlines Employee Benefits Committee; the company’s benefits plan administrator; and the company’s benefits plan advisor. [read post]
21 Oct 2010, 5:58 pm by Cynthia Marcotte Stamer
Department of Labor Employee Benefit Security Administration (EBSA) today published a Proposed Regulation that would expand the circumstances when individuals giving investment advice to an employee benefit or employee benefit plan or individual retirement account participant for purposes of the fiduciary definition of Employee Retirement Income Security Act (ERISA) § 3(21) and the prohibited transaction provisions of Internal Revenue Code… [read post]
16 Aug 2011, 3:29 pm by Cynthia Marcotte Stamer
  Additional information about involvement in the Employee Benefits Committee and its programs, publications and activities is available here. [read post]
14 Jul 2010, 7:10 pm by Cynthia Marcotte Stamer
Employers, retirement plan fiduciaries, administrators, investment and financial advisors with Spanish speaking participants should check out a new resource from the U.S. [read post]
17 Mar 2011, 9:37 am by James Hamilton
The Committee also recommended that companies arm themselves with knowledge of whether the investment options in their defined contribution retirement plans engaged in securities lending. [read post]
However, as assets grew and the shift from defined benefit to defined contribution plans accelerated, employers began to realize they needed more help in this fast-changing retirement landscape. [read post]
12 Apr 2016, 3:50 pm by Cynthia Marcotte Stamer
Employer and other employee benefit plan sponsors, benefit plan committees and fiduciaries, and the broker-dealers, financial advisors, insurance agents and other plan service providers that provide investment-related platforms, advice, recommendations or other services for employee benefit plans need to reevaluate the fiduciary status of their service providers and begin restructuring as necessary their associated relationships, service provider… [read post]
12 Apr 2016, 3:50 pm by Cynthia Marcotte Stamer
Employer and other employee benefit plan sponsors, benefit plan committees and fiduciaries, and the broker-dealers, financial advisors, insurance agents and other plan service providers that provide investment-related platforms, advice, recommendations or other services for employee benefit plans need to reevaluate the fiduciary status of their service providers and begin restructuring as necessary their associated relationships, service provider… [read post]
20 Jul 2017, 5:11 pm by Andrew S. Williams, Esq.
The employer is a fiduciary to the plan along with employees who individually serve as trustees or members of the plan’s investment or retirement committee. [read post]