Funded Status Complicates Fiduciary Lawsuit Appealed to SCOTUS
Crucial to the case is the fact that the pension plan is not facing insolvency, raising the question of whether retirees can prove concrete harms occurred which are...
Compliance
MFS Reaches Settlement Agreement in ERISA Lawsuit
In addition to a multi-million dollar monetary settlement, MFS has agreed to certain plan design changes moving forward.
Rhode Island Moves Closer to Church Pension Transparency
Both chambers of the state assembly have passed legislation that would require religious organizations that manage pension plans to send regular updates on the financial health of the...
Supreme Court to Weigh In on ‘Actual Knowledge’ in ERISA Cases
The Employee Retirement Income Security Act (ERISA) does not actually define "actual knowledge" required by participants who file fiduciary breach cases, and U.S. Circuit Courts are split on...
Reg BI Could Make It Easier for B/Ds to Compete With Retirement Plan Advisers
Experts say the new SEC rules could allow brokers to encroach into the traditional territory of advisers without having to meet the same fiduciary standard of care.
Tracking SECURE Act, RESA, DOL Developments and More
The SECURE Act and open MEPs are among topics explored by the PLANSPONSOR National Conference ‘Washington Update’ panel.
SEC Seeks to Protect Teachers and Military Personnel
The regulator is increasing its education about saving and investing to these groups, along with enforcement to safeguard them.
Supreme Court to Hear IBM Stock-Drop Case
IBM asks the court to hear the case after an appeals court reverses the company’s district court win.
SEC Votes in Approval of Final Regulation Best Interest, Form CRS
The regulator is taking a disclosure-based approach
Groups Ask DOL to Make 401(k) Electronic Delivery the Default
ICI, SPARK and the ACLI are among the eight organizations making the request.
Supreme Court Asked to Review Puerto Rico Court Actions in Church Plan Case
A judge ordered the Archdiocese of San Juan to pay $4.7 million to teachers whose pension plan had been terminated, and the Archdiocese claims that since then, the...
Georgetown University Lawsuit Plaintiffs Asked Too Late to Amend Complaint
The denial of leave to file an amended complaint by a district court judge offers a brief lesson in Federal Rules of Civil Procedure.
Two Weeks Left to Comment on N.J. Fiduciary Rule
All eyes might be on the SEC’s pending vote on Regulation Best Interest, but ERISA attorneys with Stradley Ronon suggest New Jersey is now “the state to watch”...
SEC Examiners Warn About Cloud Storage Risks for Advisers
SEC inspection staffers have identified growing security risks associated with advisers’ storage of electronic customer recorders in cloud-based platforms—and they will be watching for non-compliance in this area.
2020 HSA Contribution Limits Announced
The IRS announced small increases to health savings account (HSA) contribution limits for 2020 and a new definition for a high-deductible health plan.