Invesco Accused of Self-Dealing in 401(k)
Plaintiffs allege the firm added poorly performing proprietary mutual funds to their plan.
Tag: Employee Retirement Income Security Act
Second Stock Drop Complaint Against Edison International Dismissed
A federal district court judge found that additional allegations that alternatives to continuing to offer the company stock would lead...
Non-Electing Church Plans Subject to Some Pre-ERISA Requirements
Non-electing church plans are exempt from the Employee Retirement Income Security Act (ERISA) provisions pertaining to participation, coverage, and vesting;...
University of Chicago Settles 403(b) Plans Excessive Fee Suit
In addition to a monetary payment, the university has agreed to structural changes to its 403(b) plans.
401(k) Plan Trustees Ordered to Pay Back Misused Funds
A DOL investigation found the trustees used plan assets for businesses and properties owned by themselves and family members.
Fiduciary Compliance and Best Practices
Fred Reish, partner at Drinker, Biddle and Reath, told attendees of the Plan Sponsor Council of America 71st Annual National...
5th Circuit Affirms Dismissal of RadioShack Stock Drop Suit
The court found participant claims did not meet standards set forth in Fifth Third Bank v. Dudenhoeffer.
Vanderbilt University 403(b) Plan Suit Continues to Next Stage
While some claims were dismissed, others were moved forward.
Court Finds Divorce Decree Qualifies as QDRO
Although the case involves an employer-provided life insurance plan, it has lessons for what constitutes a QDRO for all ERISA...