TITLE

ERISA lawyers urge caution on default investments

AUTHOR(S)
Elswick, Jill
PUB. DATE
January 2003
SOURCE
Employee Benefit News;Jan2003, Vol. 17 Issue 1, p31
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Deals with potential problems in the practice of employers to use same default investment for all their employees regardless of their age. Information on the U.S. Employee Retirement Income Security Act (ERISA); Statement issued by ERISA lawyers; Suggestions for handling employees who refuse to direct their own 401(k) investments.
ACCESSION #
8904432

 

Related Articles

  • Tinkering With ERISA. Panko, Ron // Best's Review;Jul2003, Vol. 104 Issue 3, p77 

    Reports that the United States Congress plans to amend the Employee Retirement Income Security Act. Permission to providers of 401(k) and other retirement plans to advise investors; Financial planning tools; Employees' need for investment advice.

  • Education Upturn for 401(k). Green, Paula L. // Global Finance;Sep2001, Vol. 15 Issue 10, p58 

    Deals with the growth of demand for educational services and investment advice among the sponsors and participants of 401(k) plans in the United States. Factors boosting the demand for educational services and investment advice; Ways to give plan sponsors wider access to investment advice;...

  • 401(k)s: Dividing your nest egg. Feldman, Judy // Money;Jun2002, Vol. 31 Issue 6, p34 

    Focuses on the efforts of employers to reform rules about 401(k)s before the U.S. Congress attempts to pass a bill. Information on a survey by Hewitt Associates that found that more than half of large companies have eased company-stock trading restrictions or are likely to ease them in 2002;...

  • The ticking time bomb plan sponsors can't ignore. Carosa, Christopher // Benefits Selling;Sep2013, Vol. 11 Issue 9, p62 

    The article discusses the potential problem with 401(k) and 403(b) plans with the concept of self-directed brokerage option wherein an employee can choose his investment through a broker platform picked by the plan sponsor. It discusses appropriate provisions of Employee Retirement Income...

  • Fidelity Facing Suit Regarding Float Income. Moore, Rebecca // Plan Sponsor News;2013, p12 

    The article reports on the lawsuit filed against U.S.-based Fidelity Investments over its use of float income from three 401 (k) plans. Based on the case, the complainants claimed that the company violated the Employee Retirement Income Security Act (ERISA). The complainants utilized the trial...

  • Are You Sure You're 404(c) Compliant? Cadrain, Diane // HR Magazine;Sep2004, Vol. 49 Issue 9, p135 

    Discusses the difficulties of meeting provisions of the Employee Retirement Income Security Act to minimize liability for 401k losses in the U.S. Information on defined contribution 401k plans; Requirements for protecting the plan from liability for employees' bad investment choices; Elements...

  • Fidelity Facing Suit Regarding Float Income. Moore, Rebecca // Plan Advisor News;2013, p11 

    The article reports that three 401(k) plans participants have filed a lawsuit against Fidelity Investments over its use of float income. In the lawsuit, participants claim that Fidelity engaged in prohibited transactions and breached its fiduciary duty by using float income to pay itself huge...

  • GOP Won't Push '01 IRA, 401(k) Changes. Heller, Michele // American Banker;2/20/2001, Vol. 166 Issue 34, p7 

    Discloses the forecast made by United States Senate Banking Committee Chairman Phil Gramm that there will be no legislation on retirement savings incentives. Disappointment of industry lobbyists that the tax-cut proposal of President George W. Bush does not include an increase on ceilings for...

  • Fee disclosure rules would complicate adviser dealings. Bernhart, Molly // Employee Benefit News;Aug2008, Vol. 22 Issue 10, p46 

    The article reports on the potential impact of proposed changes to the Employee Retirement Income Security Act of 1974 (ERISA), particularly those dealing with advance compensation disclosure and conflict of interest reporting aspects, on benefits managers in the U.S. The rules would require...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics