Tag: ERISA

However, in a statement of non-opposition filed with the court, Novant said it disagrees with the claims.

BP has won dismissal of several claims that it failed to monitor fiduciaries who oversaw company stock investments in its retirement plans.

PLANADVISER reached out to Marcia Wagner, principle with Wagner Law Group in Boston, for comments about the case.

The retirement planning industry already knew Boeing would settle the nearly decade-old 401(k) litigation, but a trove of new details emerged this week as both parties agreed to...

The lawsuit also hints that certain “best practices,” in part, resulted in many participants being improperly invested.

Senator Elizabeth Warren has already made a name for herself as a harsh opponent of Wall Street, but a report issued today on collusion between the annuity and...

The agency is looking for ways to simplify DB plan calculations.

Phyllis Borzi revealed some of the thoughts behind certain DOL initiatives, and asked for help from the industry.

“Cost is not dispositive of prudence,” says Eugene Maloney with Federated Investors.

Speaking at a Brookings Institution public meeting, U.S. Secretary of Labor Thomas Perez said he is “confident we will be making changes to improve and clarify our proposal.”

Thinking the retirement industry has failed to deliver on its goals, state governments are trying to get into the retirement business.

Including company stock as an investment plan option comes with pros and cons.

Retaining the stock may be best despite litigation risk—and advisers can show the plan sponsor how to do company stock in DC plans the right way.

A court found purposeful miscommunications led participant to expect a different benefit than they were accruing.

A lawsuit filed by two participants in an Allianz retirement plan claims the company and its asset management partners, including PIMCO, misused employees’ 401(k) plan assets for their...