Tag: ERISA

Federal regulators have released a final amendment to Prohibited Transaction Exemption 96-23 that broadens transactions allowed for employee benefit plans whose assets are managed by in-house asset managers...

A federal judge in California has certified as a class plaintiffs suing Northrop Grumman Corporation in an excessive 401(k) plan fee case.

The Department of Labor’s Employee Benefits Security Administration (EBSA) is offering an “Understanding Your Responsibilities Under ERISA” workshop.

The trustees of a Nevada supply company’s 401(k) plan can proceed with their suit accusing a plan consultant of a fiduciary breach by convincing the plan to invest...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities” Webcasts this week.

The U.S. District Court of Nevada used the "Moench" standard when it dismissed a claim that International Game Technology breached its fiduciary duty of prudence.

Stating that previous media reports on its position were unclear, the American Society of Pension Professionals & Actuaries (ASPPA) insists it and its affiliated organizations “strongly support” redefining...

A federal judge in Illinois awarded the employer in a stock-drop case $50,000 in costs a year after ruling against the employee who filed the case.

A lawsuit questioning Macy’s decision to continue offering company stock in its retirement plans following the acquisition of a troubled department store has won class action status.

At the ASPPA 401(k) Summit in Las Vegas this week, Brian Graff, CEO of ASPPA, and Greg Dean, General Counsel for the Senate Committee on Health, Education, Labor...

Crowell & Moring LLP has made Seth T. Perretta a partner for the firm's Corporate, Labor & Employment, and Health Care groups in the Washington, D.C. office.

National law firm Alston & Bird LLP announced that Jonathan Rose has joined the firm as a partner in its Washington, D.C. office.

The Dodd-Frank Act, target-date funds, and the evolving role of a fiduciary were some of the topics Frederick Reish and Robert Kaplan touched on at the ASPPA 401(k)...

A U.S. District Court judge has granted final approval of an $18.5-million settlement in an excessive 401(k) fee suit.

Healthcare Strategies Inc. is accusing ING Life Insurance and Annuity Company of violating the prohibited transaction rules of the Employee Retirement Income Security Act (ERISA).

Speaking on a Webcast sponsored by Principal Financial Group, James Delaplane, a partner at Davis & Harman LLP, examined the three major regulations coming out of Washington this year,...

Fee disclosure regulations coming in 2011 and 2012 may seem daunting, but they also abound in opportunities.

Commenting on swap regulations under the Dodd-Frank financial reform bill, the ERISA Industry Committee (ERIC) asked for special considerations for employee benefit plans.

The ERISA Industry Committee (ERIC) urged a federal appellate court not to disturb a lower court decision throwing out a stock drop suit against ING.

With Washington causing quite a stir in proposing changes to the definition of fiduciary, the Virtual PLANADVISER National Conference brought together experts to discuss the realities of such...