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Posts in Fiduciary Advice
New Lawsuit Against Abbott and Alight Could Clarify Fiduciary Responsibility for Cybersecurity
New Lawsuit Against Abbott and Alight Could Clarify Fiduciary Responsibility for Cybersecurity

We need more guidance on fiduciary responsibility to safeguard plan assets from hackers. This case could provide it.

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Fiduciary Advice, Qualified Retirement Plan Carol Buckmannfiduciary breach, cybersecurity, ERISA litigation
Are Your Target Date Funds a Prudent Investment? COVID-19 Puts a Spotlight on Fiduciary Choices
Are Your Target Date Funds a Prudent Investment? COVID-19 Puts a Spotlight on Fiduciary Choices

Why 401(k) fiduciaries need a process for selecting and reviewing target date funds.

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COVID-19, Fiduciary Advice, Qualified Retirement Plan Carol Buckmanntarget date funds, fiduciary, ERISA litigation
401(k)TV Column by Carol Buckmann Examines Fiduciary Responsibility When Handling Participant Data
401(k)TV Column by Carol Buckmann Examines Fiduciary Responsibility When Handling Participant Data

Carol Buckmann’s “Ask the Lawyer” column explores whether using retirement plan participant data to cross-sell products violates ERISA.

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Firm News, Qualified Retirement Plan, Fiduciary Advice Carol Buckmann401(k) plans, defined benefit plans, fiduciary breach, Fiduciary
Supreme Court Makes It Easier to Sue for Fiduciary Breach: Intel Corp v Sulyma
Supreme Court Makes It Easier to Sue for Fiduciary Breach: Intel Corp v Sulyma

Can plan fiduciaries prove that participants read the required disclosures about investments? The Supreme Court weighed in on the issue of “actual knowledge” of a plan participant.

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Fiduciary Advice, Qualified Retirement Plan, Investment Adviser Law Carol Buckmann
Employers and Service Providers: Consider the PEP, a New SECURE Act 401(k) Option
Employers and Service Providers: Consider the PEP, a New SECURE Act 401(k) Option

Pooled Employer Plans, or PEPs. are poised to become an attractive way for small employers to maintain 401(k) plans.

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Qualified Retirement Plan, Fiduciary Advice, SECURE ActCarol BuckmannPEPs, pooled employer plans, SECURE Act, multiple employer plan, PEP-MEP
How Will the SECURE Act Affect Plan Distributions? New Rules Challenge Sponsors and Recordkeepers in 2020
How Will the SECURE Act Affect Plan Distributions? New Rules Challenge Sponsors and Recordkeepers in 2020

New SECURE Act distribution rules require changes in plan administration. Sponsors and service providers need to be ready to implement them.

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Qualified Retirement Plan, Fiduciary Advice, SECURE Act Carol BuckmannSECURE Act, 401(k) plans, compliance, defined benefit plans