Surety Matters

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Displaying 34 results for: fiduciary
ERISA 06.24.2020

Pension Risk Transfers Drop in May

Pension risk transfer premiums fell significantly last month due to a continuous decline in both annuity purchase rates and discount rates. Per the latest pension buyout index study, discount rates sunk 27 basis points this…
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Pension Risk Transfers Drop in May
ERISA 06.24.2020

DOL Proposal Fortifies Fiduciary Role in ESG Investing

According to a new proposed rule from the Labor Department, ERISA plan fiduciaries are not allowed to invest in ESG vehicles that take on more risk and sacrifice investment returns. The rule, published Tuesday night,…
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DOL Proposal Fortifies Fiduciary Role in ESG Investing
ERISA 06.24.2020

Fidelity Investments Reaches Settlement in ERISA Lawsuit

Fidelity Investments just reached a settlement with former plan participants in the firm’s 401(k) plan, who accused plan fiduciaries of violating ERISA laws. Filed on June 18 in U.S. District Court in Boston, the plaintiffs…
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Fidelity Investments Reaches Settlement in ERISA Lawsuit
ERISA 06.22.2020

IRS Extends COVID-19 Relief for Plan Participants

The IRS has prolonged relief to plan participants whose significant others are laid off and take COVID-19-related loans or distributions from their retirement accounts, as well as offered novel safe harbors for loan repayments. Per…
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IRS Extends COVID-19 Relief for Plan Participants
ERISA 06.17.2020

Excessive Fee Lawsuit Targets RK Fees

In the U.S. District Court for the Southern District of Ohio, a lawsuit was filed by plaintiff-participants Gregory Stark, William Gaff and Michael Lewin as representatives on behalf of participants in the $2.9 billion Keycorp…
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Excessive Fee Lawsuit Targets RK Fees
ERISA 06.15.2020

Novel SBA Guidance Simplifies Key PPP Provision

Partnering with the Treasury Department, The U.S. Small Business Administration launched novel guidance offering vital clarifications for individuals taking advantage of the Paycheck Protection Program. Published on June 12, the Interim Final Rule edits the…
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Novel SBA Guidance Simplifies Key PPP Provision
ERISA 06.12.2020

Automatic Features Push Plan Participation and Contribution Rates Soar

Per the 2020 Universe Benchmarks report, the 2010s was deemed a decade of the defined contribution investor. Attributable to employers embracing automatic features, more employees participating in employee benefit plans, the average savings rate soared,…
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Automatic Features Push Plan Participation and Contribution Rates Soar
ERISA 06.09.2020

Colorado’s Savings Plan Offers Employer Mandate

Colorado is expected to join states across the country in having a state-sponsored retirement savings plan for private sector employees, including a mandate for employers with greater than five workers that do not provide a…
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Colorado’s Savings Plan Offers Employer Mandate
ERISA 06.09.2020

Ohio Bill Legislation Creates Defined Benefit Plans

The Ohio House of Representatives crafted a defined benefit plan for workers of private sector employers. It is the first state proposal using a DB plan instead of a defined contribution plan. Introduced on May…
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Ohio Bill Legislation Creates Defined Benefit Plans