DOL to Hold Fiduciary Responsibilities Webcast Series in March
The agency says the webcasts will help employers and service providers understand provisions of ERISA and how to avoid common problems in plan management.
Tag: ERISA
Settlement Agreement Reached in Land O’Lakes ERISA Suit
The case had been stayed in mid-2021 to give the parties a chance to explore mediation—a process that has now...
Supreme Court Won’t Consider CalSavers ERISA Preemption Lawsuit
The move by the high court stops an advocacy organization’s effort to halt the program, which provides workplace retirement savings...
Lawsuit Questions Use of Revenue Sharing by Ricoh USA
According to the complaint, participants in the company’s 401(k) plan were harmed by paying higher fees than participants in similarly...
Coca-Cola Consolidated Settles ERISA Fiduciary Lawsuit for $3.5M
The settlement includes both monetary and nonmonetary aspects.
Compliance News
Legislative and Judicial Actions
The DOL denies general support for private equity; the Supreme Court sends ‘Northwestern’ back to the appeals court; the PBGC...
Taylor Corp. Facing ERISA Recordkeeping Fee Suit
The lawsuit represents yet another case of a sub-$1 billion retirement plan finding itself the subject of excessive recordkeeping fee...
ERISA vista
An Objectivity Lesson
The more objective the presentation, the less likely it will seem like advice.
Mixed Ruling Filed in NFP–flexPATH ERISA Lawsuit
The complicated ruling offers some support for the defendants’ arguments but allows other claims to proceed to discovery and trial.
A Reminder to Avoid Fraudulent Hardship Withdrawals
An individual in Ohio was recently indicted by a grand jury on charges that he fraudulently claimed the assets he...
Yum! Brands Partly Defeats Retirement Plan Eligibility Lawsuit
The plaintiff sued to seek recognition of his years of employment from 1995 through 2020 for purposes of calculating his...
Court Denies Dismissal of Duke Energy ERISA Suit
The plaintiffs suggest the plan, its participants and beneficiaries have suffered ‘significant losses totaling millions of dollars,’ and a district...
NYC Courier Faces ERISA Breach Lawsuit
The DOL has accused the plan sponsor and plan administrator of failing to operate the employer-sponsored 401(k) plan in the...
Bessemer Trust Company Faces ERISA Self-Dealing Lawsuit
The plaintiffs say the firm’s retirement plan was stuffed full of high-cost, proprietary funds.
Judge Cites Recent Supreme Court Ruling in Denying Dismissal of Excessive Fee Suit
Participants in a terminated 403(b) plan challenged the use of actively managed funds and higher cost share classes.
Split Perspectives on Supreme Court’s New Ruling
Attorneys representing the plaintiffs in Hughes v. Northwestern University say the Supreme Court’s ruling strengthens fiduciary protections for retirement plan...
Texas Engineering Company Faces ERISA Excessive Fee Lawsuit
The plaintiffs also claim TDFs and other funds offered in the 401(k) plan were imprudent.
What the Supreme Court’s Northwestern Ruling Means in Practice
Expert ERISA attorneys say the new opinion in Hughes v. Northwestern University, while important, is far from earth-shattering when it...
Supreme Court Rules Against Northwestern University in Fee Case
The high court’s ruling states that the 7th U.S. Circuit Court of Appeals erred in relying on the fact that plaintiff-participants had the ‘ultimate choice’ over their investments...