Court Dismisses Several Executives from SunTrust ERISA Litigation
The court found one executive in particular was not a fiduciary to SunTrust's DC plan.
Tag: ERISA
Sanofi Defeats ERISA Stock-Drop Challenge
A federal judge ruled the lead plaintiff does not have standing to bring his claim because he never purchased or sold ADRs of Sanofi during the alleged period...
DOL Drops Lawsuit Over Contractor's Failure to Pay 401(k) Contributions
The DOL filed a proposal to dismiss the lawsuit after the contractor made a payment to the plan.
Small 401(k) Faces Lawsuit Over Lack of Investment Diversification
The lawsuit notes that the plan's fiduciary ignored multiple suggestions to hire a professional to manage the plan's investments.
Second Circuit Affirms Fiduciary Liability for Poor Diversification
A concise example of summary judgement published by the 2nd U.S. Circuit Court underscores retirement plan fiduciaries’ absolute duty to diversify and carefully administer participant assets.
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IPSs Are a Good Defensive Move
They help advisers and sponsors focus on prudent investor rule
Top-Hat Plan Participant Can Get ERISA Help With Denial of Benefits
ERISA Section 502(a)(3) may extend to remedy inequitable conduct pertaining to a supposed waiver of plan rights and to a breach of the general good faith standard of...
DOL Conflict of Interest Rule Could Force Staff Changes
More than half of broker/dealers surveyed by the LIMRA Secure Retirement Institute believe some of their advisers will retire rather than sell under the new.
Supreme Court Stays Mandate for Dignity Health Plan
The high court has granted a stay on a lower court's mandate for Dignity Health to get its pension plan in compliance with ERISA.
Conflicted Findings in Fidelity Fiduciary Rule Impact Study
Fidelity finds the number of financial advisers who see opportunity in DOL conflict of interest reform has more than doubled in recent months; other advisers are planning to...
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Fiduciary Crunch Time
Retirement industry providers are preparing careful responses to the fiduciary rule
Small Changes to the DC Framework Could Pay Dividends
Experts range in their confidence about Congress’ desire and ability to enact meaningful retirement-focused legislation, either before or after the upcoming presidential election.
Northrop Grumman ERISA Suit Sounds Familiar Claims
Participants in a Northrop Grumman retirement plan are just the latest to file a lawsuit alleging their employer willingly paid excessive provider fees—seeking to certify a class of...
ERISA Advisory Council Strongly Focused on DC Portability
Defined contribution plan participant experience expert expresses real confidence in the industry’s ability to “solve the portability problem.”
401(k) Plan Fiduciaries on the Hook for More Than $200K
A defunct company and its 401(k) plan trustee have been ordered to restore contributions that weren't remitted to the plan as well as interest on contributions.
Texas Judge Rejects Most Support Briefs in DOL Fiduciary Litigation
Just two out of an increasingly large pile of amicus briefs filed in relation to litigation seeking to halt the new DOL fiduciary rule will be considered—both of...
ERISA Suit Against Chevron DC Plan Tossed
An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S....
Use of Float Income Questioned in New Fidelity Lawsuit
Employees of HP Inc. and United Airlines filed suit over treatment of returns and interest on “float income” generated by cash in transit.
Efficient Advisors Offers Gladstone Analytics
A strategic partnership between Efficient Advisors and Gladstone Analytics will help financial planning businesses asses their client base and plan for their own future.