An individual with self-only coverage under a high-deductible health plan can contribute up to $3,650, $50 more than in 2021.
UNest Holdings claims Ascensus pushed the company out of the college savings market in an effort to create a monopoly.
The lawsuit alleges fiduciary breaches related to ensuring reasonable administrative and investment fees.
They say the expenses and risk allocations in target-date funds vary considerably.
This comes after the case was dismissed by a district court last year and after the DOL backed out in its support of the suit.
A court dismissed claims regarding KeyCorp plan’s stable value fund option but moved forward some claims regarding excessive administrative and managed account fees.
The district court roundly rejected the defense’s dismissal motions, ruling that the plaintiffs have sufficiently alleged that fiduciary breaches may have occurred.
The markup hearing, punctuated by a unanimous vote to advance the legislation, demonstrated that retirement security issues are capable of bringing together members of Congress who don’t agree on much else.
Sources say the House Ways and Means Committee will likely vote to advance the Securing a Strong Retirement Act of 2021, often called a follow-up to the SECURE Act, as soon as tomorrow afternoon.
The complaint says fees charged to participants in the plan were "grossly excessive" because they were not based on the services provided.
The proposal creates a mandatory automatic enrollment individual retirement account program for employers that do not offer a retirement plan and employ at least five people.
The emergency medical services company has settled an ERISA lawsuit suggesting it failed to meet its fiduciary duties of prudence and loyalty in the operation of a staff retirement plan.
Drawing on their collective decades of experience working inside and outside the DOL, a panel of expert ERISA attorneys convened this week by Faegre Drinker had a lot of timely lessons to share regarding investigations of investment advisers.
Though significant in its own right, the appellate ruling could potentially be stayed if (and when) it is appealed to the New York Court of Appeals, which is the state’s highest court.
However, the 9th Circuit contemplated whether an online request is considered a 'written request' under ERISA, and attorneys say the ruling has broad implications.
Following a bench trial, said the firms “acted prudently and reasonably in administrating, investing and terminating the pension plan.”
Already, state-run plans, PEPs and moves to expand access to SIMPLE plans are making a difference, experts say.
The ruling makes the 9th Circuit the latest appeals court to side against plaintiffs in stock drop litigation, once again showing the impact of tough pleading standards set by the Supreme Court in 2014.
The proposed legislation comes months after a Department of Defense report found that a quarter of military spouses are unemployed.