Publication - 07/29/2013

Drinker Biddle Response to Controversial Yale Letters

Drinker Biddle Memorandum

We have reviewed a number of Yale Law School Professor Ian Ayers' letters to 401(k) plan sponsors, as well as the report of his study. Based on our work for plan sponsors, as well as recordkeepers and other service providers, our conclusion is that plan sponsors should not rely on his letters and study. Instead, they should engage in a prudent process to evaluate the services to their plans and participants, the compensation of service providers, and the costs of those services as well as the costs of the plan's investments.

To read our analysis, please click here. To read our letter accompanying that analysis, please click here.

10/30/2014

What ERISA Service Providers Should Know About Money Market Reform

Drinker Biddle Bulletin

10/24/2014

IRS Announces 2015 Dollar Limits for Employee Benefit Plans

Client Alert
Howard J. Levine, Joshua J. Waldbeser

10/24/2014

Commissioner’s Concerns About Civil Penalties Temper SEC’s Release of FY14 Enforcement Results

SECurities Law Perspectives Blog
Stephen G. Stroup

10/23/2014

U.S. v. Scarfo Applies Supreme Court’s Vision of “Willful Blindness”

Wall Street Lawyer
Stephen G. Stroup

10/23/2014

HRAs Under the Affordable Care Act

California HR Newsletter
Summer Conley