Each year, the Nobel Prize committee recognizes individuals for their lifelong work to further the study of medicine, physics, chemistry and economics. The accomplishments that the Nobel committee recognizes are significant contributions to the laureates’ respective fields, but are often obscure and generally unappreciated by the public at large. That’s…
I wrote last month about the damages assessed against the plan sponsor, Edison International, in the renowned Tibble case. If the $7.5 million awarded to the plan participant plaintiffs wasn’t enough, the district court judge in the case tacked on another $5.6 million in damages. (This article offers a good…
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…
Plan sponsors: are you ready for 401(k) Decision Day? Do you know the important elements of good employee retirement education? Our latest video offers specific suggestions.
It’s important that a 401(k) participants account is paid out in accordance with their wishes if something happens to them. We highlight three things a plan sponsor can do for their participants regarding up-to-date beneficiary designations. Retirement plan sponsors have many levers they can pull to help shape participants’ retirement…