Tag: ERISA
regulatory radar
Taking Aim
New ERISA 408(b)(2) rules take a new look at adviser fees, but how that examination will affect you depends on what kind of adviser you are
intro
Decisions, Decisions
How did you decide whether to affiliate with a wirehouse, or independent or regional broker/dealer?
PANC 2010: Hidden Traps of ERISA
The first step retirement plan advisers should take to avoid lawsuits is to educate plan sponsors on their role as a fiduciary and their need for insurance, according...
Grossman Joins Littler Mendelson in NY
Deidre A. Grossman, an Employee Retirement Income Security Act (ERISA) litigator, has joined the Littler Mendelson, P.C. law firm as a shareholder in its New York office.
SPARK Issues Final Best Practices for 403(b) Filing Form 5500
The SPARK Institute has published the final version of its Best Practices for ERISA-covered 403(b) plans that must file a full Form 5500.
Guidant Stock Drop Settlement Gets Final OK
A federal judge in Indiana has given final approval to a $7-million settlement of a stock drop class action case against Guidant Corp.
Spa Owner Charged with Retirement Fund Embezzlement
The owner of a Pasadena, California, spa and salon has been charged with embezzling more than $26,000 withheld from employee paychecks for a 401(k) profit-sharing plan.
Court Throws Out Cash Balance Conversion Suit
A federal appellate court has cleared Solvay Chemicals Inc. of wrongdoing in its cash balance plan conversion, but sent a narrowly drawn notice issue back to a lower...
General Growth Settles Stock Drop Suit
General Growth Properties, the second-largest U.S. Mall owner, in the process of emerging from bankruptcy, has agreed to a $5.75-million settlement of a 401(k) stock-drop case.
Court Dismisses FA Suit over Merrill WealthBuilder
Merrill Lynch’s WealthBuilder Plan did not violate the Employee Retirement Income Security Act (ERISA) because it was a top-hat plan, a federal judge ruled in throwing out a...
Court Finds Plan Trustee Could not Act on Knowledge of Breaches
A federal court in Illinois ruled that participants of the Antioch Company Employee Stock Ownership Plan are not barred from moving forward with their claim that company fiduciaries...
Pfizer Cleared in Stock Option Suit
Pfizer Inc. did not breach its Employee Retirement Income Security Act (ERISA) responsibilities by giving an employee incorrect information about stock options granted under a non-ERISA plan, a...
EBSA to Issue Proposed Rule on ERISA Prohibited Transaction Exemption Procedures
The Department of Labor’s Employee Benefit Security Administration is issuing a proposed rule that would supersede the existing procedure governing the filing and processing of applications for administrative...
SPARK Issues Draft Best Practices for 403(b)s Filing Form 5500
The SPARK Institute has released for public comment draft Best Practices for ERISA-covered 403(b) plans that must file a full Form 5500.
Chubb, Law Firm Team up for ERISA Guide
An Employee Retirement Income Security Act (ERISA) law firm and an insurer have teamed up to prepare a guide about ERISA’s fiduciary liability provisions and how fiduciary insurance...
Home Depot Cleared in Stock Drop Suit
A federal judge in Georgia has cleared Home Depot of wrongdoing in a stock drop lawsuit.
Jackson Lewis Opens Milwaukee Office
Workplace law firm Jackson Lewis has opened its 46th office in Milwaukee, Wisconsin.
Oregon Law Firm Expands ERISA Practice
Portland, Oregon-based law firm Schwabe, Williamson & Wyatt has added Wally Miller as a shareholder as part of an expansion of its practice in employment law.