Foundation Publication Search Results

These summaries were compiled from Foundation Publications Search, a database of articles, research reports and books published by the International Foundation and the International Society of Certified Employee Benefit Specialists.


Millennials and Money: Five Steps for Helping Younger Employees.
Harrison, Brenton; Benefits Magazine; v54 no11 pp 40-45 Nov 2017; journal article

Availability :
Abstract : With record levels of student debt and a tendency to switch jobs more frequently, Millennials face a set of financial challenges that may differ from other age groups. The author offers tips for employers to help Millennial workers address these obstacles.
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401(k) Participants Win Class Certification Challenging In-House Funds.
Benefits Magazine; v54 no10 pp 62, 65 Oct 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the Central District of California grants the plaintiff employees' motion for class certification in their lawsuit against the defendant life insurance company employer regarding the high-fee, in-house mutual funds of their 401(k) plan.
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Class Action 401(k) Challenge Fails to Show Loss.
Benefits Magazine; v54 no10 pp 59-60 Oct 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the District of Massachusetts rules in favor of the defendant asset management company in a case brought by plaintiff former employees alleging breach of fiduciary duties under the Employee Retirement Income Security Act of 1974 (ERISA).
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Lack of Meaningful Benchmark Defeats 401(k) Plan Lawsuit.
Benefits Magazine; v54 no10 p 67 Oct 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the District of Minnesota grants the motion by the defendant employer to dismiss a lawsuit brought by the plaintiff employee alleging a breach of fiduciary duty regarding a 401(k) plan with poorly performing and expensive funds affiliated with the employer after the plaintiff failed to provide a meaningful benchmark.
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401(k) Participants Lose Case Over Declining Stock.
Benefits Magazine; v54 no9 pp 59, 60 Sep 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the Central District of California grants the motion by the defendant entertainment company to dismiss the plaintiff plan members' second amended complaint challenging losses by the company 401(k) plan.
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What's Working: Winning By Losing...Debt.
Bergstrom, Kathy; Benefits Magazine; v54 no9 pp 10-12 Sep 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : In their work helping customers apply for and qualify for home loans, employees at Movement Mortgage get a front-row view of the impact poor financial decisions can have on people's lives.
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Claims Time-Barred Due to Actual Knowledge.
Benefits Magazine; v54 no8 p 58 Aug 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the Northern District of California determines that the plaintiff former employees' claims against the defendant computer company for imprudent investments and inadequate disclosures were time-barred under the statute-of-limitations provisions for fiduciary matters under the Employee Retirement Income Security Act of 1974 (ERISA).
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ERISA Plan Beneficiary Not Changed by Substantial Compliance.
Benefits Magazine; v54 no8 p 56 Aug 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the Middle District of Florida denies the plaintiff's claim for benefits as the beneficiary of a deceased plan participant because the decedent did not strictly comply with plan requirements to change her beneficiary designation and the courts do not recognize the doctrine of substantial compliance with respect to the Employee Retirement Income Security Act of 1974 (ERISA).
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Other Recent Decisions.
Benefits Magazine; v54 no8 pp 60-62 Aug 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Summarizes cases on embezzlement, retirement benefits, arbitration, fiduciary duties and benefit litigation.
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Ninth Circuit Remands Case to Decide Issue of Duty to Monitor Investments.
Benefits Quarterly; v33 no3 pp 69-70 3rd Qtr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The Ninth Circuit Court of Appeals revives a lawsuit against the administrators of the 401(k) plan offered by Edison International. Following a Supreme Court decision that retirement plan administrators have a continuing duty to monitor plan investments, a panel from the Ninth Circuit held that the beneficiaries forfeited any duty-to-monitor argument. Rehearing the case, however, the full court decided that it was Edison that forfeited the duty-to-monitor argument.
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No ERISA Violation Where Bank Retained No Profit.
Benefits Magazine; v54 no7 p 65 Jul 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the Western District of North Carolina holds that the plaintiff employees of the defendant bank were unable to prove that the bank profited from a transaction that restored its defined benefit cash balance plan to an individual account plan, rendering moot the plaintiff's claim for equitable relief.
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Other Recent Decisions.
Benefits Magazine; v54 no7 pp 67-69 Jul 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Summarizes cases on claims procedures, AD&D benefits, fiduciary duties, retirement benefits and benefit designation.
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Second Circuit Affirms Dismissal of Breach-of-Prudence Claims Against 401(k) Plan Sponsor.
Benefits Quarterly; v33 no3 p 74 3rd Qtr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Conclusory allegations that remedial measures would have caused a 401(k) plan more harm than good were insufficient to allow the plaintiffs to proceed with their breach of duty of prudence claims against JPMorgan Chase, among others, and the claims were dismissed.
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Pension Plan Participants Failed to State a Claim.
Benefits Magazine; v54 no5 p 52 May 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the District of Connecticut grants the defendants' motions to dismiss for failure of plaintiff retirement plan participants to state a claim that the defendants violated the Employee Retirement Income Security Act of 1974 (ERISA) by self-dealing through their receipt of revenue-sharing payments from investing plan assets in high-cost mutual funds.
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The 401(k) Litigation Proliferation.
Fandetti, Marc A.; Benefits Magazine; v54 no4 pp 18-22 Apr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The number of lawsuits against defined contribution plan sponsors has increased over issues including plan investment offerings and fees. With this litigation in mind, the author suggests strategies for improving participant outcomes.
[0200522]

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Benefit Trends: The Multiemployer Retirement Plan Landscape: DC Plans.
Held, Justin; Benefits Magazine; v54 no4 p 8 Apr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Despite volatile investment returns that were impacted by the biggest market collapse since the Great Depression, defined contribution (DC) account balances are steadily recovering according to "The Multiemployer Retirement Plan Landscape: A Ten Year Look (2005-2014)." This study is based on Form 5500 Annual Reports filed with the U.S. Department of Labor.
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Qualified Plan Loans--Evil or Essential?
Towarnicky, Jack M.; Benefits Quarterly; v33 no2 pp 40-53 2nd Qtr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Plan liquidity provisions will impact retirement security--negatively for some (evil) but favorably for others (essential). Since the Great Recession, there have been dozens of articles in the benefits trade press about the (in)advisability of qualified plan loans. As debate continues, some service providers have pursued initiatives that encouraged plan sponsors to eliminate or restrict loans. Such restrictions may improve retirement security for some but would certainly reduce it for others. This article reviews the continuing debate over plan loans and offers recommendations.
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Quick Look: Multiemployer DC Plan Landscape.
Benefits Magazine; v54 no4 pp 23 Apr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The 1,102 multiemployer defined contribution plans in the United States are steadily recovering from the Great Recession, according to "The Multiemployer Plan Retirement Plan Landscape: A Ten-Year Look (2005-2014)," the fourth annual benchmark from Horizon Actuarial Services, LLC and the International Foundation. Multiemployer DC plans had total assets of more than $130 billion in 2014 and covered more than 3.8 million participants and their beneficiaries.
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Roth Is on the Rise: Is Roth Right for Your Plan?
Schwallie, Daniel; Benefits Quarterly; v33 no2 pp 30-39 2nd Qtr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Roth is on the rise among defined contribution (DC) plans. Nearly three out of five DC plans surveyed now offer Roth contributions, and nearly one out of five offers in-plan Roth conversions. Roth contributions can offer tax advantages and permit tax-impact diversification to participants but also can add administrative complexities for the plan sponsor. There may also be confusion about Roth contributions relative to traditional after-tax contributions and Roth individual retirement accounts (IRAs). This article provides an overview of Roth contribution and in-plan conversion rules and contrasts Roth contributions with traditional after-tax contributions and Roth IRAs.
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Plan Fiduciaries Violated ERISA Prohibited Transaction Provisions.
Benefits Magazine; v54 no3 p 58 Mar 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the Middle District of Tennessee finds that the defendant fiduciaries of a 401(k) plan engaged in prohibited transactions with "parties of interest" in violation of the Employee Retirement Income Security Act of 1974 (ERISA).
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Settlement Agreement Inadequate to Compensate 401(k) Plan Participants.
Benefits Magazine; v54 no3 p 60 Mar 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the Northern District of Texas withholds approval of a proposed settlement between the plaintiff 401(k) plan participants and the plan sponsor. The court deems the settlement insufficient to compensate the plaintiffs who lost the opportunity to invest in a stable value fund not offered by the plan.
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Other Recent Decisions.
Benefits Magazine; v54 no2 pp 58-60 Feb 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Summarizes legal cases on retirement benefits, stock plans, benefit litigation and fiduciary duties.
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PBCG Proposed Rule on Expanded Missing Participants Program.
Benefits Magazine; v54 no2 p 57 Feb 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The Pension Benefit Guaranty Corporation (PBCG) proposes expanding its Missing Participants Program (MPP) to cover all terminated 401(k) plans as well as most other defined contribution plans and certain other defined benefit plans not currently covered by the program.
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Court Dismisses Fiduciary-Breach Claims in Excessive Fee Case.
Benefits Magazine; v54 no1 pp 56, 63 Jan 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The U.S. District Court for the Northern District Court of California dismisses all claims of breach of fiduciary duty and duty of loyalty and prudence against the defendant oil company and its investment committee for failing to monitor investment option performance and failing to include lower cost investment alternatives in the company's employee savings investment plan.
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Other Recent Decisions.
Benefits Magazine; v54 no1 pp 61-63 Jan 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Summarizes legal cases on retirement benefits, stock plans, withdrawal liability, multiemployer plans and class action.
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