02.03.2021 03.16 CST
Plaintiffs’ must use truly comparable benchmarks in claiming imprudent fiduciary decisions.
Fiduciary Litigation Update
New court rulings may benefit employers.
A recent court case provides some potentially valuable guidance into ways plan fiduciaries can approach fiduciary litigation. Most importantly, the case could force plaintiffs to focus on truly comparable situations in alleging that a plan’s actions were imprudent--this would limit plaintiffs’ ability to use, as benchmarks of prudent behavior, general industry data or different categories of investments (such as comparing index funds to actively managed funds).
11.09.2018 03.20 CDT
A recent IRS private letter ruling approved an innovative approach that allows employees to balance student loan repayments with saving for retirement.
Combining Student Loan Repayments and Retirement Savings
By combining a 401(k) plan with student loan repayments, this approach may provide employers an opportunity to help employees meet student loan obligations without adding a costly new program.
The IRS recently approved a new plan design that allows employees to receive employer retirement contributions either by (i) making deferrals into the employer’s retirement plan, or (ii) making student loan repayments.
07.03.2017 03.20 CST
Health Savings Accounts (HSAs) are promoted as a better way to pay for health care. However, there are limitations to what HSAs can really do.
401(k) Plans and Health Savings Accounts: A Questionable Comparison
Can you compare HSAs with 401(k) plans? In some ways they look alike, but...
Increased reliance on HSAs is going to be a key element of any TrumpRyanCare bill. Although it may be tempting to compare Health Savings Accounts and 401(k) plans, such comparisons underestimate the challenges of increasing individuals’ reliance on HSAs to finance health care.