The Department of Labor (DOL), the IRS and perhaps even plaintiff's counsel, all have an interest in how you are running your retirement plan.
The DOL even has an education site with a question for your employees to consider "Is it possible to sue under ERISA?" Answer – Yes, participants have a right to sue their retirement plan and its fiduciaries.
Compliance readiness not an issue? Try to answer this letter!
So what is the cost of non-compliance? Money and time.
The question you have to answer is what will cost less – the time, stress and expense of defending yourself in that suit, or properly managing your retirement plan's fiduciary compliance by using FiduciaCare's on-line service?
FiduciaCare is a way to prepare for what ever comes your way. By educating your Retirement Committee on its responsibilities and then using our tools to document your activities, you and your advisors and the administrator can be prepared to respond. with confidence
More importantly, by managing your plan to best fiduciary practices, your retirement plan participants and beneficiaries can be assured that you are making decisions with their best interest in mind. After all, this is every fiduciary's primary responsibility.
DOL Field Guide - Fee Disclosure
18-May-2012
The Department of Labor Field Assistance Bulletin No. 2012-02 (Fee Disclosure Guidance) is avail..
DOL Issues Final Fee Disclosure Rule
30-Apr-2012
This article by Joni Andrioff and Lisa Taggart, Shareholders in Littler Mendelson's law offices ..
Retirement Plan Fiduciaries Take Heed: Complying with DOL Regulations Was Not Enough to Avoid a $35
30-Apr-2012
Article by Daniel Wille, a Shareholder at Littler Mendelson's law firm on a recent ruling in a M..
DOL Clarifies Electronic Fee Disclosure Guidance - Morgan Lewis Bockius, LLP
18-Jan-2012
The U.S. Department of Labor’s revised and restated interim policy release answers questio..
DoL ruling on investment advice to participants and beneficiaries
07-Nov-2011
The DoL has issued a final ruling under the Employee Retirement Income Security Act, relating to inv..
The Use of Alternative Investments in Qualified Plans
22-Aug-2011
A hedge fund has been defined as a legal entity that allows investors to pool their m..
CIGNA Corp. v. Amara: Supreme Court Addresses the Effect of SPDs and Delves Again into the World of
29-Jul-2011
ERISA Litigation Alert 07.25.11 Tess Ferrara, attorney at Miller & Chevalier and Fiduci..
DOL officially delays fiduciary-level and participant-level fee disclosure regs
14-Jul-2011
The U.S. Department of Labor website officially announced the extension of the applicability date of..
Fiduciary Considerations for Plans when Selecting Recordkeepers
05-Jul-2011
Authored by Kathryn English, attorney and FiduciaCare Advisory Board Member, and Malgorzata (Gos..
DOL extends date for fee disclosure rules
28-Jun-2011
The U.S. Department of Labor (DOL) has postponed the effective date for the new fee disclosure r..
