Introduction ERISA was enacted to impose strict fiduciary, accounting, and investment performance standards on retirement plan assets. SEC-registered mutual funds must meet these standards through transparent reporting, daily pricing, and oversight by independent boards. By contrast, insurance-based annuities operate under weaker fiduciary standards, opaque accounting rules, and undisclosed performance spreads, making them unlikely to qualify … Continue reading Weak Standards Make Annuities Prohibited Transactions in ERISA Plans