Cost Sharing in Mandatory Arbitration Provision Does Not Violate ERISA
A district court compelled arbitration for a spouse seeking the full benefits in her deceased husband's 401(a) and 403(b) plans.
Tag: ERISA
Settlement Agreed Upon in Trinity Health Church Plan Lawsuit
In addition to cash payments, the settlement agreement also includes agreed upon provisions relating to plan administration.
Editor’s Letter
The ‘Threat’ of the PPA
The PPA is the most comprehensive reform of the U.S. pension laws since the enactment of ERISA
Court Finds Union Fund Trustee, Counsel Guilty of Retaliation
The DOL charged that workers for a union trust fund were fired for filing an internal complaint regarding wrongdoing by the trustee and cooperating with a federal criminal...
9th Circuit Agrees Dignity Health Pension Plan Is Not a Church Plan
The appellate court remanded the case back to a district court for further proceedings.
State Street to Pay $60M to ERISA Clients for FX Practices
The payment is part of a settlement of a combined lawsuit by the DOL and SEC.
Two Church Plans Take Cases to Supreme Court
Both petitions to the high court question whether ERISA's church plan exemption applies so long as a pension plan is maintained by a qualifying church-affiliated organization, or whether...
Advisory Council Meeting to Focus on Plan Transfers, Cybersecurity
Organizations and individuals in the retirement plan community are invited to submit comments or request to address the ERISA Advisory Council.
New York Life Accused of Self-Dealing in 'Progress-Sharing' Plan
Corporate class action litigation often comes in waves—certainly this is the case in the retirement planning industry, which has seen a rash of “self-dealing” lawsuits filed against service...
Berkshire Hathaway ERISA Suit Sent Back to District Court
An appellate court has partly reversed the dismissal of claims against Berkshire Hathaway retirement plan fiduciaries accused of violating ERISA benefit cutback provisions.
Regulators Propose Form 5500 Annual Report Modernization
The IRS, EBSA and the PBGC want to simplify and improve the process of creating and submitting the Form 5500 for employers.
Technical Updates to Fiduciary Rule ‘BIC’ Published by DOL
The DOL published a pretty substantial list of technical corrections to the Best-Interest Contract Exemption—including mostly minor clarifications but also a few potentially substantial adjustments.
Benefits Interference Claims Against Allstate Move Forward
After 16 years, a court has consolidated and moved forward ERISA claims of agents who had their employment status changed by Allstate.
ERISA Civil Monetary Penalties Adjusted for Inflation
After an initial “catch-up” adjustment, the DOL will adjust civil monetary penalties annually for inflation.
Self-Dealing Suit Settlement Reached by Aegon and Transamerica
Under the terms of a proposed lawsuit settlement, Transamerica will have to make structural changes in the way it runs its own retirement savings plan, including changing how...
Overpaid Former Plan Participant Found to Be a Fiduciary
A federal court said that by not repaying the overpaid funds, the former participant has breached her ERISA fiduciary duties.
Nationwide to Offer Education Series on Fiduciary Rule
The firm will hold both local events and webcasts featuring its own and outside experts.
Lawsuit Claims a Church Plan Elected to Be an ERISA Plan
Plaintiffs in the suit contend plan fiduciaries did not follow ERISA, then claimed "church plan" status when announcing the plan would be terminated.
PSNC 2016: Fiduciary Rule Fundamentals
The final fiduciary rule is out, so what do you need to know? And, just as important, what can you do right now to prepare?
PSNC 2016: Washington Insights
Litigation is the main concern for DC plan sponsors right now.