Today, the Department of Labor released FAB 2015-02, which provides clarification (for enforcement purposes) of plan sponsors’ fiduciary obligations concerning annuity product selection for defined contribution plans
The ERISA Industry Committee agreed today with the objectives of the bipartisan U.S. Senate Committee on Finance’s Savings & Investment Working Group to reform the nation’s tax system.
ERIC jointly files an amicus brief filed on the Bond and Craig v. Marriott International case with the U.S. Chamber of Commerce and the American Benefits Council. The law firm of Paul Hastings prepared the brief. The brief addressed two issues: statute of limitations issue and top hat. On the statute of limitations issue, the brief […]
The ruling today by the U.S. Supreme Court in Tibble v. Edison International leaves key issue undecided. The Court’s remand to a lower court means plan investment fiduciaries will need to wait for further developments in this case to learn the scope of their duty to monitor investment options absent significant changes in circumstances.