Sentences with phrase «against plan fiduciaries»

Please explain fiduciary responsibility and the successful lawsuits brought against plan fiduciaries by plan participants.

Why wouldn't the claims made against plan fiduciaries be resurrected and turned on IRA fiduciaries?

Therefore, claims made against plan fiduciaries is the bulwark of our system design.

Not exact matches

By providing investment recommendations that are compliant with ERISA Section 404 (c), the Fiduciary Assure Program may help insulate plan fiduciaries against legal claims that can result from offering inadequate or inappropriate investments.

After launching four 401 (k) lawsuits alleging breach of fiduciary duty late last year, Minneapolis - based Nichols Kaster has filed four more in 2016, most recently against Fujitsu and American Century's $ 600 million plan.

The federal judge overseeing the case in Texas against the Department of Labor's fiduciary rule on Wednesday denied considering all but two of the eight amicus briefs filed in the court, allowing only the briefs filed by the Financial Planning Coalition and the American Association for Justice.

In this article, they said ERISA Section 406 provides prohibitions against fiduciary self - dealing and that «In accordance with these prohibited transaction rules, a plan sponsor must not use the assets of the plan to benefit itself.

According to plaintiffs, there is further evidence of a flawed fiduciary process, «namely, approval of a TIAA loan program for University employees who elected to borrow against their retirement plan savings.»

However, Cerulli says there are some important arguments against the use of TDFs that all ERISA fiduciaries should consider: «The chief argument against target - date funds is their homogeneity as they do not account for an investor's risk tolerance, specific retirement plans, or other assets.»

The latest retirement industry litigation decision comes out of the U.S. District Court for the Northern District of Illinois, Eastern Division, pertaining to an Employee Retirement Income Security Act (ERISA) challenge filed against the company CNA Financial, its subsidiaries and the fiduciaries of its 401 (k) plan.

In 2009, Ms. Goodman was co-lead trial counsel in one of the few class action ERISA cases ever to be tried, which involved claims against the fiduciaries of the 401k plan of an S&P 500 company for imprudent investment in company stock and misrepresentations to plan participants.