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Retirement Plans

Retirement plans can fall victim to fraud or unethical practices by companies, brokers or brokerage houses. The Employee Retirement Income Security Act of 1974 (ERISA) protects money placed in retirement plans by investors. The ERISA outlines minimum standards for pension plans in private industry. Under the ERISA, plans must provide key information to participants, set guidelines for participation, guarantees some payment if plan is terminated and gives participants the right to sue if fiduciary duties are breached. Unethical practices by administrators of retirement plans may include failing to act solely in participants' best interest, using plan assets to benefit people other than participants, failing to follow terms of the plan, failing to properly asses the value of plan assets, or failing to properly monitor plan services.

Fast Facts

Issue name: Retirement plans
Applicable law/agency: Securities and Exchange Commission (SEC), National Association of Securities Dealers (NASD)
Related topics: Securities, breach of fiduciary duty, stock market losses, theft, annuities

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Retirement Plan Fiduciary Role is Key

The Employee Retirement Income Security Act of 1974 (ERISA) is the federal law that regulates most employee benefit plans in the private sector, including retirement plans. The... read more

Retirement Plan Losses May Be Able To Be Recovered

Many pension funds throughout the country have been victimized by the unethical practices of corporations, stockbrokers, and brokerage houses. Pension funds and their trustees have an important... read more

View the Retirement Plans Main Articles page here


Jury Verdicts Related to Retirement Plans

______ $117,000 plus attorney fees. See Editor's Note. - Fraud Fraud - Sale Of Life Insurance Policies As Retirement Plan - Insurance

______ $204,428 plus interest against all defendants. See Editor's Note. - Insurance Insurance Policy - E.r.i.s.a. Violations - Contract

View the Retirement Plans Jury Verdicts page here


Government Articles Related to Retirement Plans

Decide When to Retire

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MSN Newsfeeds Related to Retirement Plans

Qualifying for alternative auto credit

Coalition priority: Keep promised initiatives

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News Articles Related to Retirement Plans

winnipegsun.com - Business - Pension alarm

CNW Telbec | STANDARD LIFE | Standard Life introduces new online retirement planning and management tool

View the Retirement Plans News Articles page here


Useful Web Sites Related to Retirement Plans

SEC Staff Report Concerning Pension Consultants

Anapol Schwartz, Securities Fraud Attorneys

View the Retirement Plans Useful Web Sites page here


Wikipedia Entries Related to Retirement Plans

Retirement plans in the United States

View the Retirement Plans Wikipedia Entries page here


Books Related to Retirement Plans

Get a Life: You Don't Need a Million to Retire Well

401(K) Take Charge of Your Future: A Unique and Comprehensive Guide to Getting the Most Out of Your Retirement Plans

View the Retirement Plans Books page here

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