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Benefits Archives
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Mar 5
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Mar 4
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The following is not mean to be legal advice. ERISA Section 404(c) provides relief to ERISA fiduciaries for liability associated with carrying out participant investment instructions, but does not extend to the selection and continued retention of a plan’s investment options. ERISA...
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Feb22
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The following is not meant to be legal advice. On February 20, 2008, the Supreme Court has ruled that a 401(k) plan participant may proceed with a claim to recover for losses allegedly caused by the failure to properly implement investment...
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Feb20
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The following is not meant to be legal advice. The U.S. Treasury Department released final Internal Revenue Code Section 415 regulations in April 2007. Section 415 establishes limits on the annual benefits that may be provided under a qualified defined benefit...
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Feb10
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The following is not meant to be legal advice. In October 2007 the Department of Labor (DOL) released final regulations governing the use of Qualified Default Investment Alternatives (QDIAs). The Pension Protection Act of 2006 (PPA) added ERISA §404(c)(5) to broaden...
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Feb 9
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The following is not meant to be legal advice. As part of the Pension Protection Act of 2006 (PPA), to encourage enrollment in 401(k) plans through automatic enrollment of employees by salary reduction, beginning January 1, 2008, there are safe...
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