Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Benefits Manager

Hall County Government
(Gainesville GA)

Hall County Government logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Sixth Circuit's Fiduciary Duty Decision Is Good News for ERISA Section 3(38) Investment Managers (PDF)
FRA PlanTools Link to more items from this source
Oct. 28, 2012
"One of the many responsibilities of an ERISA Section 3(38) Investment Manager is the selection, monitoring and replacement of investment alternatives including a Qualified Default Investment Alternative (QDIA).... The benefit of establishing and adhering to a formal QDIA process is a reduction in fiduciary liability the benefits of which can be illustrated in a recent decision by the Sixth Circuit Court. According to the Court, a plan fiduciary does not breach their fiduciary duty when a participant's account balance is transferred to a QDIA without explicit consent."

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).
© 2024 BenefitsLink.com, Inc.