Featured Jobs
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
BPAS
|
|
Compensation Strategies Group, Ltd.
|
|
Nova 401(k) Associates
|
|
Merkley Retirement Consultants
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
July Business Services
|
|
The Pension Source
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
DWC ERISA Consultants LLC
|
|
BPAS
|
|
EPIC RPS
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
District Court Holds That TIAA Was Not Acting as a Fiduciary in Soliciting Rollovers
Kantor & Kantor 
Oct. 5, 2022 "Under its interpretation of ERISA's functional fiduciary guidelines, the court held that the funds taken out of the ERISA plans for rollover purposes were no longer plan assets and 'TIAA's pitch to plan members to roll assets out of their plans and into Portfolio Advisor necessarily did not create a fiduciary relationship.' ... With regard to TIAA's use of participants' personal information gleaned through its position as administrator of the ERISA plans, the court concluded that 'plan assets' include money and invested capital, but not participant information." [Carfora v. Teachers Insurance and Annuity Association of America, and TIAA-CREF Individual & Institutional Services, LLC, No. 21-8384 (S.D.N.Y. Sep. 27, 2022)] |
| 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). |