Tibble v. Edison International was a ground-breaking case in the retirement planning and benefits industry, being the first and (so far) only excessive fee lawsuit to reach the highest court of the U.S. The Supreme Court’s decision in 2015 was unanimous in favor of the plaintiffs, the participants in Edison…
Non-compliance with ERISA can be costly for a small business. Case in point is a recent decision against a plan sponsor (Askew v. RL Reppert) who did not fulfill a participant’s request for information in a timely or complete manner. While the plan sponsor did not act in bad faith…
Oversight of investment fees remains one of the most important duties retirement plan sponsors must perform in order to fulfill their fiduciary duties. This responsibility is spelled out in ERISA law. “Reasonable compensation” to service providers is permitted, as long as the work they perform is done with the best…
Since 1894, the first Monday in September has been reserved as a federal holiday to recognize the contributions of American workers. Labor Day has traditionally celebrated the hard work, dedication and innovation that Americans in all occupations have shown in making our country what it is today. It seems…
Every year when Valentine’s Day comes around, we spend time thinking about how much our loved ones mean to us. We also spend a lot of money to show them how valuable their love is to us: more than $1 billion on candy and sweets; nearly $2 billion on flowers,…