Sentences with phrase «plan fiduciary committees»

Not exact matches

Sulyma brought six claims: claims I and III allege the Investment Committee defendants breached their fiduciary duties by over-allocating the assets of the 401 (k) Plan and Retirement Plan to hedge fund, private equity, and other alternative investments.

The gravamen of the complaint is that the asset - allocation models adopted by the retirement plans» investment committee departed dramatically from prevailing standards employed by professional investment managers and plan fiduciaries, and as a result, caused participants to suffer massive losses and excessive fees.

The Q & A states that «if a representative of a recordkeeper meets with a fiduciary advisor to a plan and with the plan committee, the recordkeeper is entitled to the «wholesaler exception'to the fiduciary rule,» he explained.

We had been concerned that, if the plan committee members heard the recordkeeper's recommendations, that would make the recordkeeper an investment fiduciary.»

The CUNA Mutual Fiduciary Consultants Investment Committee oversees the investments in the Institutional Program for 401 (k) and pension plans for CUNA Mutual Retirement Solutions.

Most visible, in the DOL rule battle, the ongoing activity of the Financial Planning Coalition (CFP Board, FPA, and NAPFA) and the Committee for the Fiduciary Standard stand out.

The Senate HELP Committee cleared Preston Rutledge's nomination earlier in December; now the full Senate has approved his nomination to a post in which he will play a critical role overseeing the retirement planning industry and the future of the fiduciary rule.

As a brief overview, the Management and Board have embarked upon a failed merger that garnered virtually no support from its shareholders, and was opposed by ISS, and continued on that path until the date of the special shareholders meeting and scheduled vote, spending lavishly in a failed effort to close it; attempted to implement substantial new options to itself, a plan opposed by ISS and the shareholders, which was withdrawn; continually paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified outside board members with deep, broad healthcare company experience supported by its shareholders; held many Board and Committee meetings with nothing to show for it; formed a new Strategic Transactions Committee that is highly paid but that has produced no deals for the shareholders to consider or for any outside valuation experts to formally review; spent lavishly on accountants, auditors and counsel; failed to successfully hire any outside professional negotiators and finally extinguish or remove the outstanding lease obligations; distributed no cash to the shareholders despite holding excess amounts; formed no special purpose entity to hold any royalty and milestone rights and payments for the benefit of its shareholders; and thus generally failed in its fiduciary duties to shareholders.

Plan fiduciaries typically include plan trustees, plan administrators, and members of a plan's investment commitPlan fiduciaries typically include plan trustees, plan administrators, and members of a plan's investment commitplan trustees, plan administrators, and members of a plan's investment commitplan administrators, and members of a plan's investment commitplan's investment committee.

She is an active member of the Legislative Committee for the Estate Planning and Fiduciary Law section with over 15 years of experience assisting in drafting North Carolina's trusts and estate legislation.