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- Excerpt: "In light of LaRue, 401(k) plans and their fiduciaries should engage their counsel and consultants to limit or address potential liability by: 1. reviewing the plans' ERISA § 404(c) compliance (particularly because some plans may be only partially compliant); 2. |
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- (Free registration required to post a message -- but not to read the messages -- to register, click on 'Log In' at the top of the target page.) Excerpt: "As a real world matter most DC plans will not have non allocated assets sufficient to pay a claim for lost profits. Assuming the claim is really worth $150,000 (which as yet to be determined) what happens in the likely event that the fiduciary declares bankruptcy after being adjudged to have breached his fiduciary duty in the amount claimed? What is the adequate remedy? |
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- Excerpt: "[Readers were asked] if their retirement plan offered some kind of asset allocation solution - how that was working out - and if they had invested all/any of their retirement savings there? The vast majority of this week's respondents (nearly 89%) had some kind of asset allocation solution on their menu – in fact, nearly one-in-five said they offered more than one type. Roughly one-in-ten said they didn't offer the option, while roughly 2% said 'not yet.'" (PLANSPONSOR. |
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- Excerpt: "The Supreme Court has come down with a unanimous ruling that, at first blush, looks like a big win for employees who count on their 401(k) plans for their retirement nest eggs. It's not." (Conde Nast Inc.) |
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- Excerpt: "The U.S. Supreme Court unanimously upheld the right of workers to sue over losses in their 401(k) retirement-savings accounts in some circumstances, but pension-law experts said a minority opinion in the case could also bolster some defenses used by employers." (The Wall Street Journal) |
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- Excerpt: "Justice Stevens wrote the majority opinion (which was interestingly joined by Justice Alito). Two other concurring opinions also issue (one by Roberts which Kennedy joined and one by Thomas which Scalia joined), but a unanimous court agrees with the result of allowing these type of 502(a)(2) suits going forward." (Workplace Prof Blog) |
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- Excerpt: "Now that I have had a chance to read in some detail the Supreme Court's decision in LaRue v. DeWolff, Boberg & Associates, I am more convinced than ever that this case will go down as one of the more important ERISA remedies cases in recent memory; more important than merely its essential holding that, 'that although §502(a)(2) does not provide a remedy for individual injuries distinct from plan injuries, that provision does authorize recovery for fiduciary breaches that impair the value of plan assets in a participant's individual account.' Nevertheless, many additional issues that could have been decided were avoided or not addressed by the full court and still need to be considered in the future. |
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- Excerpt: "Previously, plan participants could only sue employers over such losses through class-action suits. The justices' decision could result in a deluge of lawsuits for plan sponsors, many observers say." (Workforce Management; free registration required) |
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- Excerpt: "The Supreme Court ruled that individual participants in 401(k) retirement-savings plans can sue plan administrators in order to reclaim losses. Experts say the ruling is significant, but should not result in a flurry of frivolous lawsuits. Many questions remain, however." (Human Resource Executive Online) |
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- Excerpt: "Distinguishing its prior holding in Massachusetts Mut. Life Ins. Co. v. |
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- Excerpt: "In this case, James LaRue had sued his former employer -- management consultancy DeWolff, Boberg & Associates -- after he lost $150,000 in his 401(k) plan. He claimed that DeWolff failed to respond to his two requests to make investment changes to his account. As a result, his interest in the plan 'depleted' by thousands of dollars. He subsequently accused the firm of breaching its fiduciary duty, but his case was denied by two lower courts. |
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- 21 pages. Excerpt: "In an opinion authored by Justice Stevens, the Supreme Court has ruled that a participant in a 401(k) defined contribution plan can assert a breach of fiduciary duty claim under 29 U.S.C. |
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- Excerpt: "Participants in 401(k) retirement plans can sue to recover losses when their investment instructions are ignored or the account is otherwise mishandled, the Supreme Court ruled [yesterday]." (The New York Times; free registration required) |
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- Excerpt: "The unanimous holding reverses a lower court decision that had barred individuals from suing over losses related to mistakes and misconduct, and thus had insulated employers from lawsuits even as more U.S. workers came to rely on the savings accounts to help fund their retirements." (The Washington Post; |
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- I have always followed more the advice of Norse Gods and Goddesses over and above any others. however, one mortal man, touched me deeply as a child. I had forgotten his words and let myselffeel alone, unsure and devoid of hope. I was wro.... For more visit This Blog |
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- There's only one registered U.S. mark (HUSSEIN CHALAYAN) and no pending applications containing the HUSSEIN element. Friday time waster: go to Cafe Press and put in HUSSEIN as a search term. |
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- AP - The U.S. Department of Agriculture has suspended at least two federal meat inspectors following the largest beef recall in the nation's history, a union head said Friday. |
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- Internet DJ console is a graphical shoutcast/icecast client that runs under GTK+ and the JACK audio connection kit. In short, it's an Internet radio app for making a live radio show or podcast. Features include two main media players with a crossfader, a jingle player, microphone signal processing (compressor and noise gate), IRC track announcements with X-Chat, an automatic stream shut-off timer, MP3 or Ogg streaming and recording at various bit rates, aux input for connecting external JACK aware applications, and audio level meters. License: GNU General Public License (GPL) Changes: |
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- The following results from my little, informal study are hardly definitive, but they are interesting. Someone following up with a more intensive and scientifically rigorous quantitative analysis might find the same thing I did: stories related to Barack Obama are submitted more often to Digg.com than stories about Hillary Clinton, John McCain or Ron Paul.On the tech side, Google takes the prize against Microsoft, and stories about Microsoft outpace Linux. |
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- TED | Talks | Hans Rosling: Debunking third-world myths with...Jon Peddie sent me this link to an amazing presentation, in terms of both content and technique. Enjoy!TED | Talks | Hans Rosling: |
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- Name: exoticasianDescription: life is like a puzzle in order to complete you..you must put yourself in trouble coz an ounce of apology is like a pounds if loneliness.... E-mail: |
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- Make the most of the money you have. Here are some ideas. |
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