Featured Jobs
|
DWC - The 401(k) Experts
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
PPS Pension Services
|
|
Frank Pension Consultants, Ltd.
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
DWC - The 401(k) Experts
|
|
MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Seventh Circuit Decides American United Life Was Not a Fiduciary
Plan Tools 
Apr. 17, 2013
"[T]he 7th Circuit found that [American United Life Insurance Co. (AUL)] was not an ERISA 3(21) fiduciary just because it winnowed the universe of 7,500 mutual funds to offering about 400 on their platform for selection by a plan sponsor.... Key to this decision is that the plan sponsor chooses the final line-up, and regardless of whether AUL has the ability to change the investments offered at their discretion, if they don't exercise that discretion, then they are not a 3(21) fiduciary."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |