Help Participants Live Happily Ever After—Follow Your IPS. What good is an investment policy statement (IPS) if the plan sponsor doesn’t follow it? That question is at the center of a class action lawsuit filed against the fiduciaries of The Walt Disney Company’s defined benefit and deferred compensation plans for employees,…
ERISA code can be a dry read, but it is essential for plan sponsors to understand what the code says and how to stay compliant with the law. Our ERISA whitepaper breaks down relevant sections of the code for plan sponsors to show how the law applies to their fiduciary…
In our latest whitepaper, we dissect and discuss some of the more critical sections of the ERISA regulations on fiduciary duty for the benefit of plan sponsors. The paper highlights the ERISA code broadly, so I’m going to pull out specific language from the regulations in a series of blog…
The marketing of “fiduciary warranties” has increased in recent years, in response to a wave of lawsuits against retirement plan sponsors charging breach of fiduciary duty. But the fine print found in many of these “warranty” agreements does not offer as much protection as many plan fiduciaries may believe. Plan…
Best Practices for a Successful Investment Committee Many small- and mid-size employers don’t have investment committees for their defined contribution plans. This is a problem, of course. Even small businesses need to name investment committees and conduct regular reviews of their retirement plans. But having a committee with no process…