Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

ESOP Consultant

Ascensus
(Atlanta GA / Telecommute)
Defined Contribution Plan Administrator

The MandMarblestone Group, llc
(Philadelphia PA / Telecommute)
Project Manager Benefits Communication

BeneCom Associates
(Acton MA / Telecommute)
Plan Document Specialist

Aimpoint Pension
(Pompano Beach FL / Telecommute)
Retirement Plan Administrator

Farmer & Betts, Inc.
(Tacoma WA / CO / OR)
Client Success Specialist

Ubiquity Retirement + Savings
(AZ / CA / CO / FL / IL / KY / LA / MA / NC / NJ / NV / NY / OR / SC / WA / Telecommute)
Retirement Plan Administrator

Group RHI
(TX / Telecommute)
Retirement Plan Administration Consultant

TSC
(Edina MN / Telecommute)
Sales - 401(k) / DB Administration

Farmer & Betts, Inc.
(Tacoma WA / AL / FL / GA / IA / IL / IN / MD / MN / MO / NC / OH / OK / PA / TN / TX / VA / WI)
Senior Pension Consultant

The Ryding Company
(Westlake Village CA)
Retirement Plan Administration Manager

FranFund
(Fort Worth TX)
ESOP Administrator

Blue Ridge ESOP Associates
(Charlottesville VA / Telecommute)

Free Daily News and Jobs

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

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

<< Previous news item   |   Next news item >>



5/27/2014: MassMutual Is Found to Be a Fiduciary in ERISA Suit by Proposed Class of Customer Plans (The Lowenbaum Partnership and FRA PlanTools)
"After conducting an extensive analysis of both old and recent case law on the functional fiduciary tests under ERISA 3(21)(i) and (iii) ... [the court] found that MassMutual was a functional fiduciary because it controlled its own compensation ... [but] found that MassMutual was not a fiduciary with respect to the change of or potential changing of investments in the [Separate Investment Accounts] ... [T]hese decisions seem to be based on a combination of which circuit the lawsuit is brought in and the specific practices of each insurance company in how they are setting up and operating their separate account investments as part of the group annuity contracts offered." [Golden Star v. MassMutual Life Insurance Co., No. 3:11-30235-PBS (D. Mass. May 20, 2014)]
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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.