The GAO on Conflicts of Interest in DC Plans

Last week the Government Accountability Office (GAO) released a study on the impact of conflicts of interest on DB and DC plans. Here is a highlight: Conflicts of interest can adversely affect both DB and DC plan designs, with the primary difference being in who bears the cost of their potentially adverse effects on their rate of return. The threat …

10 Things BrightScope is Reading

Below are 10 articles, blog posts, accouncements, tweets and other miscellaneous musings we deem worthy of your attention: Attorney Stephen Rosenberg from the Boston ERISA Law Blog wrote an amazing post last week about how fiduciary responsibility might shift in an era of total fee transparency.  Stephen’s blog is an absolute must for anyone following ERISA issues. Today, BrightScope is …

60 Minutes: "401k Recession"

The 60 minutes episode from last Sunday includes a fascinating piece of reporting about 401k plans.  Steve Kroft really captures the pain of 401k participants. There are also interesting interviews with Congressman George Miller, Attorney Brooks Hamilton and PSCA President David Wray. httpvh://www.youtube.com/watch?v=q8C1ZUrYhC0

Highlights of the 2009 Form 5500 Schedule C

Many people have asked about the new 2009 Schedule C requirements, so I felt it was time to do a quick overview. Major Changes: Direct vs. Indirect Fees:  Fees are separated into those paid directly by the plan and those received indirectly from another service provider. New Language: “You must complete this Part, in accordance with the instructions, to report …

New Plans with BrightScope Ratings

Over the past two weeks BrightScope has rated several notable plans which can now be found on the BrightScope website: Company Net Assets Lockheed Martin – $19,200,000,000 United Technologies – $13,700,000,000 Wells Fargo – $11,600,000,000 General Dynamics – $6,000,000,000 Kraft Foods – $5,430,000,000 HCA – $4,800,000,000 Caterpillar – $4,500,000,000 Sears – $4,300,000,000 Marriott – $3,100,000,000 UPS – $2,900,000,000 American Electric …

Trends in ERISA Litigation

BrightScope has received a bunch of anecdotal evidence about the rise in ERISA litigation, but as a data and analytics company we much prefer real data over hearsay.  Susan Mangiero has endeavored to provide the marketplace with real analytics about ERISA litigation.  Yesterday, Pension Governance and the Michel-Shaked Group released their “ERISA Litigation Study” highlighting the major trends in ERISA …

ERISA Misunderstood

We have been speaking with many ERISA experts recently who constantly bemoan how the courts just can’t seem to get their arms around ERISA.  When we saw this “Courtoon” we just couldn’t resist re-posting: Via David Mills’ Courtoons.