It’s not the kind of clash that involves jabs, strikes, and physical blows, but conflicts with your record keeper can lead to even more serious consequences than a fist fight. As we have seen with the Department of Labor’s recent investigation into Wells Fargo potentially steering its retirement-planning clients into…
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…
When it comes to your company’s retirement plan, a process of prudence is the surest way to protect you and your employees. What is a process of prudence? It’s a formal plan to ensure you meet your fiduciary responsibilities, as defined by ERISA and the Department of Labor. Part of…