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Kelley v. TIAA Summary

SUMMARY This document is solely based on the information from the Complaint and no efforts have been made to verify or confirm the completeness or truthfulness of any facts and circumstances. According to the Complaint, TIAA and Morningstar acting as fiduciaries to...

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Su vs. Axim Summary

The Julie A. Su vs. Axim Solutions Group et al case demonstrates the importance of an employer’s fiduciary duty of developing and maintaining a prudent process in selecting service providers in delivering health and welfare and retirement benefit plans to covered...

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Hanigan v Bechtel Summary

On May 24, 2024, a class action complaint was filed in the Eastern District Court of Virginia by Debra Hanigan, et al (“Plaintiff”) against Bechtel Global Corporation and the Bechtel Trust & Thrift Plan Committee (“Defendants”) for a breach of fiduciary duty of...

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Carfora v. TIAA Summary

This case was first filed in 2022 which was dismissed by the Court and provided Plaintiffs with leave to file an amended complaint. Plaintiffs have done so in November 2023, and now before the Court is Defendants’ motion to dismiss Plaintiffs’ Second Amended...

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SECURE Act 2.0 Summary

On December 27, 2022, the SECURE 2.0 of 2022, a part of the Consolidated Appropriations Act of 2023, was signed by President Biden and became law.  SECURE 2.0 aims to increase retirement savings and expand coverage to employer-sponsored retirement plans, This document...

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Inflation, Stagflation & Recession

Inflation, Stagflation & Recession

Inflation, stagflation, and recession, or in reverse order, whichever way, those are the three possibilities that we are experiencing in the U.S. economy. Inflation is what we're experiencing now. All of us are experiencing that the prices are higher than we have...

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Good Economic News is Bad News for the Market

Good Economic News is Bad News for the Market

The current inflationary environment (surging aggregate demand during a period of constrained aggregate supply) is more of a function of the super supportive fiscal policies during the height of Covid. Although the significant expansion of the Fed balance sheet and...

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What Is The Role Of The Federal Reserve?

What Is The Role Of The Federal Reserve?

Chairman Powell of the Federal Reserve has been getting a lot of bad press about his actions being too late, not being enough, or being too heavy handed regarding the US economy. The commentary is from everybody. These comments are perhaps correct from their vantage...

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