Revenue Sharing

News & Analysis as of

Revenue Sharing is becoming the 401(k) Leisure Suit

When I was a child, I remember bringing the soundtrack to Saturday Night Fever for my first grade class’ Chanukah party (I went to a Jewish day school). To this day, I still don’t how to operate a record player. Around the...more

The Debate Continues Over The Fiduciary Status of 401(k) Plan Service Providers

In Golden Star Inc. v. MassMutual Life Ins. Co., 2014 WL 2117511 (D. Mass. May 20, 2014), a district court addressed two issues that have become hotly contested in 401(k) plan fee litigation: (1) whether and when a plan...more

Future Threats That a 401(k) Plan Sponsor Should Be Aware Of

What was good yesterday might not be a good today. Asbestos was a great fireproof building material until it was found to cause asbestosis and malignant mesothelioma Thalidomide was a great drug for morning sickness until it...more

A Plan Sponsor’s Guide to 401(k) Revenue Sharing

One of my favorite movies of all time is Casino, directed by Martin Scorcese. It doesn’t get as much love because it is often compared to GoodFellas, which was another mob movie that was directed by Scorsese, and also...more

Fiduciary Implications of Revenue Sharing Arrangements

For years, 401(k) plan service providers have utilized revenue sharing arrangements to "share" in the revenue earned from plan investments as a source of compensation. Until recently, the U.S. Department of Labor ("DOL") had...more

DOL Issues Guidance on Plan Asset Status of Revenue Sharing Payments

The U.S. Department of Labor (DOL) recently issued guidance on whether accounts holding revenue sharing payments constitute “plan assets” under ERISA. Prior to the issuance of the DOL guidance, it was unclear whether these...more

Labor Advises On Fiduciary Treatment Of Revenue Sharing Payments

On July 3, 2013 the Employee Benefits Security Administration issued ERISA Advisory Opinion 2013-03A (the “AO”) to the Groom Law Group which had submitted a request on behalf of Principal Life Insurance Company (“Principal”)....more

Sens. Murkowski and Landrieu Reintroduce Revenue Sharing Legislation

Senators Lisa Murkowski (R-AK) and Mary Landrieu (D-LA) recently reintroduced a bill to amend several federal statutes that govern the treatment of revenues collected by the federal government from entities that hold leases...more

DOL Clarifies Revenue Sharing Fiduciary Responsibility Issues

Advisory opinion on "plan asset" issue lays out factors for fiduciary consideration. On July 3, the U.S. Department of Labor (DOL) issued Advisory Opinion 2013-03A, which discusses whether a bookkeeping account for...more

Sharing the Wealth – Department of Labor Clarifies Treatment of Revenue Sharing Under ERISA

The U.S. Department of Labor (the “DOL”) recently issued Advisory Opinion 2013-03A (the “Opinion”), which addresses implications under the Employee Retirement Income Security Act of 1974 (“ERISA”) surrounding certain...more

Retirement Plan Provider Gimmicks All Employers Should Be Wary Of

Back in the day when I was a kid growing up in Brooklyn (much scarier then in the 1970s and 80s), there was an electronics retailer named Crazy Eddie’s. The commercials were memorable as the sales pitchman Jerry Carroll...more

Renewable Energy Update -- March 29, 2013

In This Issue: Renewable Energy Focus - California ISO Gives Green Light To Renewable Energy Transmission Projects; Senators Introduce Bipartisan Offshore Energy Revenue-Sharing Legislation; Wind Energy Constituted...more

Paying College Players

As my diehard readers (maybe reader? Hi Mom! (Just kidding, I’m pretty sure even she doesn’t read these)) will remember, I blogged about pending litigation between former college athletes and the NCAA regarding whether...more

Under the Dome: Inside the Maine State House Marsch 1, 2013

Under the Dome: Inside the Maine State House is a weekly update that provides a high-level overview of recent activity at the Maine State House. If you would like more specific information regarding an item in this newsletter...more

Energy And Environment Update -- March 4, 2013

In This Issue: Energy and Climate Debate; Congress; Administration; Department of Energy; Environmental Protection Agency; Interior Department; Department of Agriculture; Department of State; Treasury Department;...more

Gaming Legal News - February 28, 2013 • Volume 6, Number 6

In This Issue: - LATEST TRIBAL GAMING REVENUE REPORT: “TRIBAL GAMING IMPROVES DESPITE SLUGGISH ECONOMY”: The annual “Casino City’s Indian Gaming Industry Report” was released nationally on Wednesday, and the...more

OCIE to Target Adviser Payments for Fund Distribution, Funds with “Alternative” Strategies and New Advisers

In an attempt to “increase transparency, strengthen compliance, and inform the public and the financial services industry about key risks,” the SEC’s Office of Compliance Inspections and Examinations (OCIE) published its 2013...more

17 Results
|
View per page
Page: of 1