Tag: ERISA

Tess Gee, member in the ERISA & Employee Benefits Litigation practice at Miller & Chevalier, says the stakes are high for all sides, including the government.

A federal district court judge has granted the recommendation of a magistrate judge, to the effect that an ERISA lawsuit filed against Oracle will not be dismissed before...

The 6th Circuit said if 403(b) participants had tried to use the plan's administrative remedies for claims a plan amendment violated ERISA, it would have been futile.

The Insured Retirement Institute will spend the year pushing Congress and the Administration to advocate for legislation that would expand Americans’ access to advice and simpler annuities.

An opinion handed down by The United States District Court for The Western District Of North Carolina, Charlotte Division, rules in favor of the defendant, Bank of America,...

Serving governmental retirement plans is viewed as attractive by many providers, simply due to the sheer size and stability of the clientele, but one ERISA attorney warns there...

Two lawsuits filed against the company alleging a failure to prudently manage retirement plan investment and administrative fees have survived preliminary motions to dismiss. 

Market forces may drive some of the reforms the Department of Labor sought to achieve under the Obama presidency—but a cadre of investors also remains committed to commissions. 

New research suggests that total retirement assets in CITs have grown rapidly in the last few years and potential advantages can be very appealing for plan sponsors.

Discussion of 401(k) litigation often fails to draw important distinctions between different ERISA standards that pertain to fiduciary prudence and controlling plan costs, according to one reader of...

After agreeing with a district court that employees sold from Anheuser-Busch's controlled group of companies deserve enhanced pension benefits, the 8th Circuit remanded the case back to the...

The Department of Labor is seeking to offer assurance to advisers that it does not intend to enforce the fiduciary rule slated for implementation April 10, even if...

While several church plan challenges wait on SCOTUS review, another has been settled.

An ERISA lawsuit filed against TIAA by employees of the University of Chicago and Nova Southeastern University has been dismissed by a federal judge, who ruled TIAA should...

All three lawsuits filed in New York district court argue the company improperly favored its own investment options within the retirement plan offered to workers; the firm flatly...

The two firms collaborated to launch ClearFit, a turnkey solution for small plans which combines Morgan Stanley fiduciary and investment services with Ascensus administration.

GOP lawmakers in the House and Senate suggests it is a federal government overreach for DOL to encourage or require states to offer workplace retirement savings programs for...

JPMorgan Chase Bank is now the target of another ERISA challenge against its own 401(k) plan, this one leveling many of the same complaints against the company found...

Even if the DOL leadership under President Trump declines to enforce a strict fiduciary standard, private litigators will undoubtedly pick up any slack if the administration fails to...

The underlying complaint suggests the retention of American Century's proprietary mutual funds in its own 401(k) has cost plan participants millions of dollars in excess fees.