Retirement plan sponsors and fiduciaries should always look at any decision they make through the lens of ERISA law. That includes if and how to offer self-directed brokerage accounts (SDBAs) or “windows” as options for plan participants. Opening a brokerage window does not close the door on breach of fiduciary…
Posts Tagged: fiduciaries
Fiduciary by the Numbers: Who are 3(16), 3(21) and 3(38) Fiduciaries?
by Kathy Duffy, on 11.17.2016It’s not uncommon for plan sponsors to seek help fulfilling their responsibilities as plan fiduciaries. Especially with complicated and crucial duties related to administrative and investment oversight, plan sponsors can easily feel out of their depth and may prefer to call upon someone with knowledge and experience with retirement plans…
New Year, New Lawsuits, Same Trouble for Plan Fiduciaries
by Kathy Duffy, on 02.08.2016Last year was a busy one for class action lawsuits and settlements against plan fiduciaries and it looks like 2016 is shaping up to be more of the same. Three new and notable class action lawsuits against retirement plan sponsors were filed within the past couple of months. The complaints…