Compliance
Investment and Recordkeeping Fees Questioned In ERISA Lawsuit Against DaVita Inc.
Plan participants claim they were charged excessive fees for a plan with over $1 billion in assets.
Compliance
Taxpayers Association Seeks Supreme Court Review of ERISA Pre-emption Case
The plaintiffs in the case believe California should not be permitted to operate the CalSavers Retirement Savings Program on the grounds that its establishment violates federal ERISA pre-emption rules—claims rejected by both a district and an appellate court.
Compliance News
Compliance
Legislative and Judicial Actions
DOL issues missing participant guidance; a plan trustee is sued for an unauthorized distribution; Washington extends certain CARES Act provisions; and more.
Parties in Lawsuit About 401(k) Account Fraud Agree to Settle
According to the complaint, an unknown person or persons stole a participant’s retirement savings by withdrawing a total of $99,000 in three separate unauthorized distributions from her account in the plan.