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Displaying 50 results for: Fiduciary Breach
ERISA 07.19.2019

How Can TPAs Best Ensure That No ERISA Bond Mistakes Have Been Made?

As a pension professional, you probably manage hundreds or thousands of employee benefit plans. You have to make sure that all plans have the required ERISA fidelity bond, should they need it, and are bonded…
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How Can TPAs Best Ensure That No ERISA Bond Mistakes Have Been Made?
ERISA 07.16.2019

An ERISA Plan Administrator’s Fiduciary Responsibilities

A person is a fiduciary under ERISA if they exercise discretionary control or authority over plan management or disposition of plan assets, provide investment advice for plan assets for a fee, or have discretionary authority…
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An ERISA Plan Administrator’s Fiduciary Responsibilities
ERISA 07.12.2019

Failed Pension Investments Can Lead to Fiduciary Liability

Pension plan fiduciaries such as plan sponsors have to worry about a lot of different scenarios that could result in a fiduciary duty breach and liability. One of the most dangerous scenarios that fiduciaries have…
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Failed Pension Investments Can Lead to Fiduciary Liability
ERISA 07.12.2019

Non-diversified Investments Lead to Fiduciary Liability

As a plan sponsor, you may think one investment you have will work wonders for the plan funds you are in charge of. But what if it does not? What if it fails? Then you…
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Non-diversified Investments Lead to Fiduciary Liability
ERISA 07.12.2019

Slightly higher 401(k) Fees Make Plan Sponsors Liable

Paying 1% higher fees than the average rate for someone to administer a 401(k) plan does not sound like it would cause too many problems. But paying fees even 1% higher than average in 401(k)…
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Slightly higher 401(k) Fees Make Plan Sponsors Liable
ERISA 07.11.2019

Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties

There are few virtues more valued in American business than innovation and new ways of thinking. Pension professionals have their own opportunity to unleash new ways of thinking when creating arrangements and plan features. But…
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Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties
ERISA 07.11.2019

ERISA Advisory Council Provides Guidance to DOL

The ERISA Advisory Council has provided guidance to the U.S. Department of Labor (DOL) on ERISA fidelity bonds and what the requirements should be in order for a fidelity bond to be DOL compliant. The…
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ERISA Advisory Council Provides Guidance to DOL
ERISA 07.09.2019

What is a Retirement Plan Breach of Fiduciary Duty?

Typically, when you think of a breach of fiduciary duty involving a retirement plan, you think of a plan sponsor acting in their own self-interest. They use their position with the plan for their own…
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What is a Retirement Plan Breach of Fiduciary Duty?
ERISA 07.09.2019

Plan Fiduciary Breach Complaints Rise as Markets Fall

The biggest thing that plan fiduciaries can do to prevent claims of fiduciary breach is to implement and follow prudent fiduciary policies, procedures, and practices. This would theoretically cover issues involving costs, conflicts, and due…
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Plan Fiduciary Breach Complaints Rise as Markets Fall