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following topics 401k ERISA Fiduciary Advisor Finance Pension Protection Act Simple IRA Stock Taft-Hartley Technology |
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 TAFT-HARTLEY ACT part I
Taft-Hartley trusts account are governed by the Employee Retirement Income Securities Act (ERSIA). ERISA sets forth the guidelines under which Taft-Hartley funds must be invested and monitored. An Taft-Hartley investment funds should consider the following when reviewing their needs. 1. Investment Policy 2. Standard of Investment Expert. 3. Future and anticipated cash flow needs. 4. Time horizon of the investment funds. 5. Overall cost. 6. ... TAFT-HARTLEY Act part II
Sec. 206. [Sec. 176. Appointment of board of inquiry by President; report; contents; filing with Service] Whenever in the opinion of the President of the United States, a threatened or actual strike or lockout affecting an entire industry or a substantial part thereof engaged in trade, commerce, transportation, transmission, or communication among the several States or with foreign nations, or engaged in the production of goods for commerce, ... Multiemployer Fiduciary Investments Issues
Taft-Hartley for the defined contribution market is often called Multiemployer 401k. With recent emergence of 401k, profit sharing and money purchase plans these solutions have become a tool in the Taft-Hartley market. If is important for Trustees and Fiduciaries to understand their rules and responsibilities. The linked article points out, and we have stated before, (whether Taft-Hartley or single employer)that many 401k programs are NOT in compliance. We enclosed a ... |
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Taft-Hartley news on the web: Former labor leader faces federal charge (The Herald-Mail)HANCOCK A Hancock man and former Chicago-area union leader is expected to plead guilty to a federal charge of pressuring a company to supply livestock feeders for his buffalo farm, a prosecutors office said. International Union of Painters & Allied Trades Industry Pension Fund Goes Live with V3 (redOrbit)NEW YORK, March 11 /PRNewswire/ -- Vitech Systems Group, Inc., a leading provider of benefits administration software, announced today that the International Union of Painters and Allied Trades Industry Pension Fund (IUPAT) has gone live with a major implementation of the V3 Benefits System. Institutional Investor Special Report: The Coming Crash -- A Trillion-Dollar Pension Crisis Looms Large Over America (Marketwire)NEW YORK, NY--(Marketwire - March 11, 2010) - As the U.S. slowly pulls itself out of recession following the worst financial debacle in more than 70 years, another potential crisis is looming on the horizon. The country's pension system -- both public and private plans -- faces trillions of dollars in unfunded liabilities and has little hope of ever being able to meet them. Institutional Investor Special Report: The Coming Crash -- A Trillion-Dollar Pension Crisis Looms Large Over America (Marketwire via Yahoo! Finance)NEW YORK, NY--(Marketwire - 03/11/10) - As the U.S. slowly pulls itself out of recession following the worst financial debacle in more than 70 years, another potential crisis is looming on the horizon. The country's pension system -- both public and private plans -- faces trillions of dollars in unfunded liabilities and has little hope of ever being able to meet them. In Institutional Investor ... Eric Waples talks Supreme Court personalities (Estes Park Trail Gazette)Set against a tableau of last week`s rumor, rampant on the Internet, about the imminent retirement of Supreme Court Chief Justice John Roberts (false), Estes Park`s expert on matters supreme, Eric Waples, laid out some truths about the members of the Supreme Court and how they arrive at decisions that affect us all, in a talk at the library last week. MagnaCare Positioned for Growth in National Health Care Marketplace, Expanding Member-Centric Programs and Services ... (Business Wire via Yahoo! Finance)NEW YORK----MagnaCare, a health plan services company with national reach, today announces plans to build on its stable customer base and dominant position in the fiercely competitive NY/NJ/CT region to expand into the broader health care services market. Steamfitters' Industry Fund Office Signs for Major V3 Upgrade (redOrbit)NEW YORK, March 8 /PRNewswire/ -- Vitech Systems Group, Inc., a leading provider of software solutions for benefits administration, announced today that the Steamfitters' Industry Fund Office in New York has contracted with Vitech for a system upgrade from their existing V3 Version 5 system to Vitech's flagship V3 Version 9 solution. Evercore Partners Announces the Acquisition of an Interest in Atalanta Sosnoff (Business Wire via Yahoo! Finance)NEW YORK----Evercore Partners Inc. today announced the acquisition of an interest in Atalanta Sosnoff Capital, LLC. Under the terms of the purchase agreement, and upon receipt of required consents, Evercore will pay approximately $69 million in cash, with the potential for earn out payments based on 2010 performance of up to $14.7 million, for a 49% economic interest in the company. INTECH Announces the Hiring of Stephen F. Brennan as Senior Managing Director (Business Wire via Yahoo! Finance)WEST PALM BEACH, Fla.----INTECH Investment Management LLC today announced the hiring of Stephen F. Brennan to the newly created position of Senior Managing Director. Mr. Brennan will be a member of INTECH's leadership team. Clear One Health Plans Announces New Natural Health Plan - First Oregon Health Insurance Plan Developed with Specific ... (Business Wire via Yahoo! Finance)BEND, Ore.----Clear One Health Plans, Inc. today announced the launch of the first Natural Health Plan that focuses on holistic health insurance available in the state of Oregon. The new Natural Health Plan is available throughout the state of Oregon beginning February 1, 2010 to Oregon residents and is specifically designed with an emphasis on alternative medicine such as naturopathic medicine ... |
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