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A unit of Fidelity has been targeted in a class-action suit for fiduciary breach under ERISA as a result of its alleged mismanagement of a stable value fund.
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There doesn't appear to be anything in ERISA that would allow a product provider to limit its fiduciary role to the fund level or platform level.
Stadion Money Management, an asset manager based in Watkinsville, Ga., announced Tuesday that is offering ERISA 3(38) fiduciary management on its target-date funds.
Matrix, a Broadridge Financial Solutions company, released a practice guide at the FSI conference outlining a three-step action plan advisors can take to ensure they’re complying with fiduciary standards under ERISA .
This week in new hires, Security Benefit welcomed George Beale and Jeffrey Kayajanian, CapWealth named Phoebe Venable president and COO, and the DOL named five new ERISA Advisory Council members.
There's a big difference between an ERISA section 3(38) and an ERISA section 3(21) fiduciary.
Get the details on plan sponsors as default fiduciaries and how ERISA fiduciary status is determined.