fiduciary responsibility Archives

Understanding ERISA Liability in the Context of Pharmacy Benefits

Anne Newhouse, CEBS

17 Jul 202417 Jul 2024

Fiduciary responsibility has always been a concern for retirement plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). The language on the Department of Labor (DOL) Fiduciary Responsibilities webpage explains, “The primary responsibility of fiduciaries is to run the […]

401(k) Plans Compliance DOL Employee Benefits ERISA ERISA50 Legislative Pensions Retirement U.S.

The DOL Retirement Security Final Rule: Highlights for Plan Sponsors

Jenny Gartman, CEBS

20 Jun 202420 Jun 2024

On April 25, 2024, the Department of Labor (DOL) published the retirement security final rule defining fiduciary status for investment advice to retirement investors under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC). It is set to […]

Canada Employee Benefits Pensions

Target Benefit Plans: An Update on Where They Stand

Amanda Wilke, CEBS

14 Dec 2023

Although target benefit pension plans have been in a state of unknown for a while, they are now closer to having a permanent funding model with several new proposals currently under consideration. In 2015, the Office of the Superintendent of Financial Institutions […]

Employee Benefits ERISA Legislative Regulatory U.S.

Legal & Legislative Reporter: Appellate Court Reverses and Remands Denial of Breach of Fiduciary Duty

Tim Hennessy

19 Oct 202320 Oct 2023

Every month, the International Foundation releases the Legal and Legislative Reporter, a compilation of new employee benefits-related case summaries. Below is a summary we thought you’d be interested in. Content provided by Morgan, Lewis & Bockius LLP. The U.S. Court of Appeals for […]

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Three Trustee Actions During Market Volatility

Jenny Gartman, CEBS

10 Apr 202310 Apr 2023

Recent bank failures and resulting market volatility have captured headlines in recent weeks, and many individual investors reacted quickly. However, when it comes to fulfilling their fiduciary duty in the face of unexpected news, trustees should remain calm to avoid costly investment […]

Canada Employee Benefits Financial Education Financial Wellness Pensions

Protecting Pensions and ESG Risks

Tim Hennessy

04 Aug 202204 Aug 2022

As the global impact of climate change grows, environmental, social and governance (ESG) factors have become a core consideration for pension funds. ESG issues and concerns can no longer be relegated to debates among pension fiduciaries about values investing or investment returns […]

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DOL Guidance on Lost Retirement Plan Participants

Kathy Bergstrom, CEBS

28 Jul 202128 Jul 2021

The issue of what to do about lost or missing participants is a frustrating one for plan sponsors. These participants often have terminated participation in a plan because they took a new job. They may have even moved. Because these terminated participants […]

Employee Benefits Investments

8 Investment Questions Trustees Should Ask

Justin Held, CEBS

17 Jan 201717 Jan 2017

Taft-Hartley funds employ a number of investment professionals, including portfolio managers and investment advisors. However, final decisions are made by fund trustees, who are ultimately responsible for asking the right investment questions. Here are several to get you started. Denny Delk, a […]

Employee Benefits ERISA Multiemployer Regulatory Retirement

The No. 1 Reason Multiemployer Plans Fail a DOL Audit

Julie Stich, CEBS

21 May 2015

Last fall I had the opportunity, along with a few Foundation members, to meet with Ian Dingwall, Chief Accountant for the Department of Labor’s Employee Benefits Security Administration (EBSA). Mr. Dingwall’s team is responsible for making sure employee benefit plans are operating […]