August 2013 Archive

Krueger v. Ameriprise Financial: DC fiduciary litigation

August 22, 2013

Krueger v. Ameriprise Financial (November 2012) involves a decision by the United States District Court District of Minnesota in a suit by three current and four former Ameriprise employees. The case involves a number of issues that are unique to the use by ‘in-house’ plans of financial services companies of ‘in-house’ funds. However, we are going to focus solely on the more general issue of the application of ERISA's prudence standard to the selection and monitoring of funds in a 401(k) plan fund menu, and the application of the rules laid out in [Hecker v. Deere & Co.] in that regard. Read More

July 2013 Pension Finance Update

August 01, 2013

Led by a strong stock market performance, July added to an outstanding first half for pension sponsors in 2013. The two ‘model’ plans we track both saw improvements in funded status last month: traditional ‘Plan A’ was up 3% for July and is now 16% ahead year-to-date, while the more conservative ‘Plan B’ improved 1% last month and is up 4% for the year. Download

Share this with your Colleagues:

Latest News:

  • Budget deal retirement savings provisions - Read More
  • January 2018 Pension Finance Update - Read More
  • DB funding and 2017 tax planning - Read More
  • PBGC finalizes regulation revising missing participant program - Read More
  • Current outlook – 2017 year in review - Read More
  • Cash Balance Plan Design - Read More
  • ReDefined Benefit Plan™ - Read More