Fiduciary Fitness
Statute of Limitations
Is there a continuing duty to monitor prohibited transactions?
Tag: retirement plan lawsuits
Compliance News
Compliance News
Bills Addresses Retirement Plan AccessA package of bills sponsored by Senators Cory Booker, D-New Jersey, Tom Cotton, R-Alaska, Heidi Heitkamp,...
Court Orders Plan Fiduciary to Pay Restitution to 401(k) Plan
A fiduciary to the Southside Manufacturing Corp. Retirement 401(k) Savings Plan will pay restitution of $87,276 for stealing from an employee benefit plan, and failing to pay federal...
DOL Sues Retirement Plan Fiduciaries for Misusing Plan Assets
A federal district court judge entered a judgment requiring Michael Lewis, former president of Acme Orthotics and Prosthetic Laboratories Inc., to restore $128,535.75 in losses owed to the...
Court Decision Provides Lessons for What Constitutes a QDRO
An appellate court found a divorce decree met all the requirements of a QDRO under ERISA.