Keller of Brouse McDowell is presented about the role of a plan fiduciary and how to comply with the Employee Retirement Income Security Act of 1974 (ERISA) requirements. She defines a plan fiduciary as any business or individual who exercises authority over plan management. She stresses that ...
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Supreme Court to Review Cornell University’s ERISA Class Action Suit: https://www.benefitspro.com/2024/10/24/supreme-court-will-hear-erisa-class-action-suit-did-cornell-univ-mismanage-its-403b-plan/ Major 401(k) Litigators Are ‘Back in Action,’ With More Entering the Fray: https://ww...
Impact of New Fiduciary Rule on Plans and HSAs, Health Plan Litigation, Dru... August 13, 2024 • CLE • CLE On-Demand This CLE webinar will provide guidance on all of the above issues. The panel will discuss the impact of the new fiduciary rule for health plans and HSAs, litiga...
Fiduciary Services. 3(16) Plan Administration The Plan Administrator is a fiduciary and is responsible under ERISA Section 101(a) for furnishing required disclosures to plan particpants and beneficiaries. Summary Plan Description (SPD) Summary Annual Report (SAR) ...
The modern investment landscape makes the Employee Retirement Income Security Act’s (ERISA’s) fiduciary standards and its prohibited transaction rules and exemptions increasingly challenging for fiduciaries and service providers to navigate. Morgan Lew
financial interests of the plan over the appropriate time horizon. In such event, a fiduciary has flexibility to make a selection based on collateral benefits. The Final Rule also eliminates the specific documentation requirements applicable to the consideration of tie-breakers imposed by t...
What Is the Role and Value of a 3(16) Fiduciary? Tasked with the day-to-day operational responsibilities, a 3(16) fiduciary shoulders the complex burden of ensuring compliance with the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code, and the plan’s own ...
At Marcum LLP, by keeping current with government-imposed rules and regulations, our professionals are able to identify issues and exposures that would concern a plan administrator and instill in our clients a significant comfort level in the face of ever-changing fiduciary responsibilities. Marcum LL...
a fiduciary is anyone who exercises "discretionary control or authority over plan management or plan assets," including those who provide investment advice for the plan. Fiduciaries who do not follow the principles of conduct may be held responsible for restoring losses to the plan....