Author: Brant Griffin

COVID-19 Regulatory Update | The CARES Act

By: Brant Griffin  The past few weeks have been among the most tumultuous and emotional we may see in our lifetimes. The…

SEC Adopts Best Interest Regulations | Summer 2019 Fiduciary Commentary

By: Brant Griffin SEC Adopts Best Interest Regulations On June 5, 2019, the Securities and Exchange Commission voted to adopt Regulation Best…

DOL Delays Plan Fee Disclosure Rules

The DOL has recently announced that it will extend both the fiduciary and participant fee disclosure rules. The regulations under ERISA section 408(b)(2)…

Supreme Court Rules on Misleading ERISA Plan Communications

In CIGNA Corporation v. Amara, an ERISA case affecting participant communications, the US Supreme Court ruled that a plan sponsor will not…

Legislative Outlook for the Public and Private Retirement System

As the 112th Congress convened in January, it was clear that a substantial part of the legislative agenda for the next few…

Defined Contribution Trends Indentified in Callan’s Survey

Callan Associates’ 2011 DC Trends Survey, Defined Contribution Trends Survey: Positioning the DC Plan for the Future, was published in January 2011.…

Appellate Court Approves Class Status for Defined Contribution Participants

A Federal appellate court ruled that it may be appropriate for a class of defined contribution plan participants to file a suit…

Decision on New Fiduciary Rules Delayed

The SEC has delayed establishing new rules that would level the playing field for broker dealers and other investment advice providers. A…

IRS 401(k) Plan Questionnaire: Non-Responders Will Be Subject to Full-Scope Audit

As reported in a previous Fiduciary Commentary, in May 2010, the IRS delivered questionnaires to some 1,200 401(k) plan sponsors to determine…

Proposal Would Dramatically Change the Definition of Fiduciary

Due to the inadequacy of the prevailing ERISA definition of fiduciary, the DOL has recently issued a proposed regulation that would expand…