If you are serving as a fiduciary for your employer’s retirement plan, you have a duty under the Employee Retirement Income Security Act (ERISA) to act prudently. Engaging in prudent behavior is only the first step a plan fiduciary should take, however. Equally important is for the plan fiduciary to be able to demonstrate at a future date when ...
For most Americans, their retirement plan savings accounts are likely one of their largest and most important assets. And yet many do not give these accounts the attention they deserve when it comes to naming and updating their beneficiary designations for the accounts.
Unfortunately, in almost all cases when problems arise with respect to a ...
Well, it was good while it lasted. On September 27th, the Departments of Labor, Health and Human Services, and the Treasury (collectively, the Departments) issued new FAQs regarding implementation of provisions of The Transparency in Coverage Final Rules (TiC Final Rules). As noted in previous insight blogs, the TiC Final Rules require ...