Judge Significantly Pares Down Claims in ERISA Excessive Fee Suit
Some claims against Konica Minolta and its 401(k) committee were moved forward but all claims against the company’s board were...
Compliance
Retirement Plan Clients Should Anticipate DOL Cybersecurity Inquiries
Attorneys have confirmed that the DOL has begun an audit initiative and is asking for a broad range of cybersecurity...
Spate of Proposed Legislation Aims to Enhance Retirement and Financial Security
Two bills recently introduced by Louisiana Senator John Kennedy add to the growing list of retirement-related bills that have been...
Excessive Fee Lawsuits Expected to Continue to Rain Down on Plans
Settlements have totaled more than $1 billion, making insurers think twice about new fiduciary insurance policies.
ERISA Excessive Fee Lawsuit Filed Against Generac Power Systems
The complaint includes allegations similar to those in many suits filed over the past few years.
Wake Forest University Baptist Medical Center Sued Over 403(b) Plan Fees
The lawsuit says plan fiduciaries failed to ensure reasonable investment fees and mismanaged revenue sharing to pay for administrative expenses.
CDI Corp. Agrees to $1.8M ERISA Lawsuit Settlement
The retirement plan in question in the suit is substantially smaller than many of those that have faced or settled...
Estee Lauder Excessive Fee Suit Moves to Pretrial Conference
A district court judge has denied the defense’s motion to dismiss without offering any explanations for his reasoning in court documents.
Midsize Plan Claims Self-Dealing by Russell Investments
The same attorney that is representing employees of Caesars Entertainment in a self-dealing lawsuit filed in May against Russell Investments...
Judge Moves Forward Some Claims in Excessive Fee Suit, Rejects Others
A judge found there was no evidence that fiduciaries of B. Braun Medical's retirement plan violated ERISA's duty of loyalty,...
IRS OC List Helps Plan Sponsor Clients Ensure Operational Compliance
An updated page on the IRS website serves as a reminder of requirements in effect and those that will be in effect soon.
When ‘Eating Your Own Cooking’ Becomes Self-Dealing
One conclusion that can be drawn from the rash of self-dealing lawsuits filed in the retirement plan services industry is...
Northern Trust Faces New Fiduciary Breach Allegations
The plaintiffs argue the plan lost ‘tens of millions of dollars’ in retirement savings due to the retainment of Northern...
Serco Settles Excessive Fee Case for $1.2 Million
The class action lawsuit had charged the Navy defense contractor with selecting higher-cost mutual funds when cheaper options were available,...
John Hancock Life Insurance Agrees to Settle ERISA Self-Dealing Suit
The defendants have agreed to a $14 million payment and to procedural changes.
‘Secure Act 2.0’ Likely to Become a Reality
Retirement Plan Execs Confident Senate Will Pass the Bill Into Law
Enhancing Emergency and Retirement Savings Act Unveiled
The bill would encourage retirement plan participation by giving people penalty-free access to funds in the event of an emergency.
SEC to Revisit Proxy Rule Amendments
The agency will address criticism that the changes make advisers’ roles in proxy voting more cumbersome.
Biden Expected to Advance a More Stringent Fiduciary Rule, Advocate for Retirement Income and ESG Investing
Industry experts reflect on what President Joe Biden has done in his first months in office with respect to retirement...
Lowe’s Reaches Settlement in 401(k) ERISA Case
The $12.5 million agreement excludes co-defendant Aon Hewitt.