Liquidating fiduciary exception to warn

More than seven in 10 plan intermediaries expect to increase passively managed assets in the plans they sell and service, according to the report.

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State Farm agents, who mainly sell the company's auto and home insurance, have sold investment products since the early 2000s.

As of the end of 2015, State Farm managed $11.3 billion in assets it oversees in proprietary mutual funds, up from $10.6 billion a year before.“Our self-directed call center representatives will make information and resources available to customers who will make their own decisions regarding their investments,” Ms. “We feel this decision struck the right balance between serving our customers and adhering to the DOL rule,” Ms. The DOL regulation requires that advisers providing investment advice for a fee in retirement accounts such as IRAs and 401(k)s act as fiduciaries serving their clients' best interest.

330 *330 331 *331 332 *332 333 *333 334 *334 Kaye, Scholer, Fierman, Hays & Handler, LLP, New York City, for debtor. Lankenau & Associates, New York City, for Local 560, plaintiffs. The Barnett plaintiffs seek 335 *335 summary judgment on their complaint.

As of that date, it employed more than 550 full-time employees between its corporate headquarters and distribution center.

Under Internal Revenue Code Section 408(d)(3)(B), an IRA owner can roll over only one distribution within a one-year period. On June 6, 2008, he withdrew $65,064 from his other IRA. Bobrow used that money in an attempt to complete a rollover of his first IRA distribution. The court agreed with the IRS that only one of the Bobrows' rollovers was successfully completed, but arrived at the decision using different logic than the IRS. The court decided that the IRS had assessed the Bobrows' tax liability correctly but, in somewhat of a curveball, using different reasoning than the IRS had used. Bobrow's first rollover was taxable because it was ineligible for rollover, the Tax Court ruled that he violated the once-a-year rule when he “rolled over” his second IRA distribution, taken in June 2008, despite the fact that the distribution came from a different account than his first distribution.

The court's ruling directly conflicts with a long-standing Internal Revenue Service position in IRS Publication 590 and in private-letter rulings that says that the rule applies separately to each IRA. The money was used in an attempt to complete a rollover of Mr. The IRS claimed that only one of the Bobrows' rollovers was successfully rolled over.

This is the accessible text file for GAO report number GAO-03-1003 entitled 'The Worker Adjustment and Retraining Notification Act: Revising the Act and Educational Materials Could Clarify Employer Responsibilities and Employee Rights' which was released on October 20, 2003. Every attempt has been made to maintain the structural and data integrity of the original printed product. 1998).; State filed: Montana; Year: 1998; Outcome: Court held that seasonal employees did not suffer an employment loss because they were laid off every year at the time of plant closing and had sufficient notice that they would not be recalled.

General Accounting Office (GAO) to be accessible to users with visual impairments, as part of a longer term project to improve GAO products' accessibility.

Nonetheless, on or about October 18, 1995, Jamesway and certain affiliates sought chapter 11 protection in this court.

We grant the plaintiffs summary judgment on their complaints. Facts On or about February 1, 1995, Jamesway successfully reorganized under chapter 11 of the Bankruptcy Code.

The Worker Adjustment and Retraining Notification (WARN) Act requires advance notice of plant closures and mass layoffs.

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