The Employee Retirement Income Security Act (ERISA) provides general standards of conduct for plan fiduciaries. A breach of fiduciary duty can result in personal liability…
I was reading the December 2017 issue of The CPA Journal, and saw letters (“Continuing the Discussion on the Meaning of Fiduciary,” Vincent J. Love and…
Having read Richard Kravitz's article in the April 2017 CPA Journal (“Serving the Public Interest,” http://bit.ly/2mrlWsk), Sam Gunther's response in the June 2017 issue (“Independent Auditors Are Not…
Concerns regarding litigation over excessive 401(k) plan fees and conflicts of interest dominate the current thinking of plan fiduciaries. More plan sponsors are engaged in…
Retaining a Fiduciary Investment Advisor
Employers Need Up-front Information, Not Belated Explanation
Whether or not the government enacts the Department of Labor (DOL) fiduciary rule requiring retirement plan advisors to act in the employer's best interest, employers…
RPA | Department of Labor Finalizes Retirement Advice Regulation
A Practical Perspective for 401(k) Plan Sponsors and Investment Committees
The retirement plan marketplace has confused, if not outright misled, CPAs, their plan sponsor clients, and investment committees with the many types of non-fiduciary and…
CPAs often seek reliable information about 401(k) plan design, investment options, record keeping, and fees. The “BrightScope/ICI Defined Contribution Plan Profile: A Close Look at…
In a May 2015 decision, the U.S. Supreme Court held that a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA) who is…