Archive for ‘General Articles’ Category
Dec
07
2009
“New regulations are likely to increase the responsibilities of retirement Plan Sponsors as a whole.”Posted on 18:04, December 7th, 2009 by lee
Dec
07
2009
The end of 2009 will prove to be a busy (and hectic) time for those responsible for maintaining benefit plan documents.Posted on 09:47, December 7th, 2009 by lee
Dec
03
2009
“Seeing What Is Next” Disrupt The 401(k) MarketPosted on 14:31, December 3rd, 2009 by lee
Nov
17
2009
LaRue stemmed from an administrative fiduciary function as opposed to an investment fiduciary functionPosted on 09:32, November 17th, 2009 by lee
Don’t assume your clients know about the Larue case. In February 2008 the Supreme Court ruled an individual participant could sue the sponsor where in the past only a class of participants could sue. Before Larue, Class action claims were typically limited to large employers because of the cost of initiating a class action claim. Mr. LaRue made it economical to sue even the smallest employer. In our meetings with CFO’s we consistently see shock on their faces when they hear the Supreme Court ruled one employee can now sue as opposed to an entire class and the liability can be personal. As a fiduciary, the Cfo’s liability is only limited by his personal net worth. We repeatedly hear “They aren’t paying me enough!” It is also worth noting that this case stemmed from an administrative issue as opposed to fiduciary. Time really is money. Employers can’t afford to build what they can’t sell. Nov
16
2009
“Multiple Employer Plans: The Platinum Standard”Posted on 12:35, November 16th, 2009 by lee
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