Tag: ERISA

 The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC and CEO Howard Neels for failing to remit employees’ contributions to the company’s 401(k)...

Now that the Department of Labor’s (DoL) regulation for 408(b)(2) has been finalized, it is important for plan advisers to understand how the final ruling impacts them.  

Members of the retirement plan community were mostly positive about the final rule on 408(b)(2) fee disclosure regulations.

EPIC Advisors Inc. (EPIC) chose Castle Rock Innovations’ (CRI) AXIS Retirement platform to provide compliance with the Department of Labor’s 408(b)(2) fee disclosure requirements.  

The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration (EBSA) issued a final rule on 408(b)(2) fee disclosure Thursday.

Under new Department of Labor rules, retirement plan sponsors must provide fee disclosures to participants by May 31, 2012.

Cohen & Grigsby, a business law firm, appointed Martha Jo (“Marty”) Wagner as a director in the firm’s ERISA and Employee Benefits and ERISA Litigation Groups. 

The 6th U.S. Circuit Court of Appeals dismissed a claim of benefits interference against Duke Energy Corporation.

A federal court dismissed a claim that Wal-Mart Stores breached its fiduciary duties in underpaying retirement plan contributions based on wages that were discriminatory against women.

A federal appellate court has found that a profit-sharing plan must pay back more than $1 million in assets wrongly transferred from a participant’s account, even thought it...

The Department of Labor (DOL) announced upcoming voluntary fiduciary correction program workshops in three states.

 The Principal Financial Group expanded its investment fiduciary support to include ERISA 3(21) and 3(38) fiduciary services.  

A law firm is investigating the Board of Directors of WCA Waste Corporation for possible breaches of fiduciary duty in connection with the sale of the company to...

Secretary of Labor Hilda L. Solis made five appointments to the 2012 Advisory Council on Employee Welfare and Pension Benefit Plans.  

As financial professionals anxiously await the Department of Labor's next version of the fiduciary definition, Bradford Campbell, ERISA attorney and former head of EBSA, offered his insights today during...

During a webcast today, Marcia Wagner discussed ways for advisers to tackle the Department of Labor’s new rules in 2012.  

YRC Worldwide Inc. has agreed to pay $6.5 million to settle lawsuits brought by its employees over losses in their retirement accounts from investments in company stock.

In a long-running legal challenge against Kraft Foods, a federal court has denied class certification to defined contribution plan participants on their remaining claims.

The U. S. District Court for the Western District of North Carolina has approved a $12.35 million settlement in an ERISA fiduciary breach case against Wachovia.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) issued a final regulation regarding a new prohibited transaction exemption.