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Best Best & Krieger LLP

Understanding the Fees Paid by Your Governmental Retirement Plan

Best Best & Krieger LLP on

There are several fundamental principles and concepts that governmental plan sponsors and fiduciaries need to bear in mind as they select and monitor their plan providers and the fees that these providers charge....more

Polsinelli

TPAs, Plan Fiduciaries Should React Proactively to U.S. Department of Labor Settlement

Polsinelli on

In light of the recent settlement between the U.S. Department of Labor (DOL) and a health plan third-party administrator (TPA), plan fiduciaries and TPAs should re-examine, or even re-negotiate, portions of their current TPA...more

Dickinson Wright

Company Liable for Not Providing Accurate Information about Benefits

Dickinson Wright on

A recent court case, Erwood vs Life Insurance Company of North America, is a reminder that plan sponsors must understand the terms of their welfare and retirement benefit plans, and ensure that their staff follows the...more

Miles & Stockbridge P.C.

New Fiduciary Rule & Its Impact on Retirement Advice for Plan Sponsors

Miles & Stockbridge P.C. on

After much controversy and criticism, the Department of Labor (DOL) issued a final conflict of interest rule on April 6th (the “Final Rule”) which expands the definition of a fiduciary for an “employee benefit plan,” as...more

Winstead PC

Employer Action Required Following Issuance of Final Rule

Winstead PC on

On April 8, 2016, the Department of Labor (DOL) released the much anticipated final regulation to broaden the scope of fiduciary status under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal...more

Winstead PC

What Plan Sponsors Need to Know About the New Fiduciary Regulation and Related PT Exemptions

Winstead PC on

What Plan Sponsors Need to Know Now - On April 5, 2016, the U.S. Department of Labor released a new definition of what constitutes a fiduciary to a retirement plan. While the new guidance clarified that certain...more

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