District Court Advances TriNet ERISA Lawsuit

The denial of the defense’s dismissal motion opens the door for either trial or settlement in an ERISA lawsuit that includes a set of fiduciary breach claims that are similar to those filed against many U.S. employers and plan sponsors. 

Natixis ERISA Lawsuit Clears Early Dismissal

Like the many other ERISA lawsuits filed against large financial service providers, the complaint alleges that the defendants failed to administer the plan in the best interest of participants and failed to employ a prudent process.

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Legislative and Judicial Actions

The DOL gives advisers a ‘grace month’ to comply with impartial conduct standards; the IRS ups the contribution limit by $1,000 for many DC plans next year; new piece of legislation would create a ‘Retirement Plan Lost and Found’; and more.