Is the DOL Fiduciary Rule the End of Solicitor Arrangements? – Part 2

In my last blog, I discussed why the solicitor structure has grown in popularity and why it will continue in the future but without the same benefits enjoyed in the past. In this blog post, I review how the DOL’s Fiduciary Rule will change the role and structure of the solicitor. First and foremost, every … Continue reading Is the DOL Fiduciary Rule the End of Solicitor Arrangements? – Part 2

Is the DOL Fiduciary Rule the End of Solicitor Arrangements?

Is the DOL Fiduciary Rule the End of Solicitor Arrangements? A solicitor arrangement is a common practice among financial advisers (FAs) who want to avoid fiduciary status but still receive compensation in exchange for a referral that results in a sale to a retirement investor. In some instances, the referring FA serves in any number … Continue reading Is the DOL Fiduciary Rule the End of Solicitor Arrangements?

About this Blog

The Fiduciary Matters Blog is a collaboration of FRA PlanTools and The Wagner Law Group. The blog provides timely and relevant information on ERISA fiduciary matters for plan sponsors and retirement industry service providers. Is has been visited over 160,000 times since its creation in March 2013. As a resource to the industry, the ERISA Litigation … Continue reading About this Blog

3rd Circuit Grants Victory to Participants Challenging Church Plan Status

Yesterday, December 29, 2015, the 3rd Circuit Court of Appeals decided in favor of the plan participants in Kaplan v. Saint Peter’s Healthcare System. In the first circuit court opinion in the dozen+ cases that have been filed, the court ruled that the defined benefit plan sponsored by Saint Peter’s Healthcare System is not eligible for … Continue reading 3rd Circuit Grants Victory to Participants Challenging Church Plan Status

First Church Plan Case Settles – Overall v. Ascension

On Friday, May 8, 2015, the parties in Overall v. Ascension Health filed a motion seeking approval from the district court to settle the claims brought by the plaintiffs. Of the at least ten “church plan cases” that have been filed challenging the scope of the church plan exemption from ERISA, this case is the … Continue reading First Church Plan Case Settles – Overall v. Ascension