Deloitte Vindicated in Excessive Fee Dismissal
An ERISA suit filed in 2021 alleged that Deloitte did not monitor the fees being charged to its 401(k) plan.
Tag: ERISA
Should We Continue to Refer to Our 403(b) Plan by an Outdated Name?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Texas Area Counseling Service Found Exempt from 403(b) ERISA Requirements
The service was found to be in a legal safe harbor, but the case continues against the plan adviser.
California Food Processing Firm Sued for Alleged ERISA Violations
Participants of a retirement plan sponsored by Ventura Foods allege that Ventura’s mismanagement cost their retirement savings significantly.
403(b) Plans Will Continue to Act More Like 401(k)s with SECURE 2.0 Changes
Plan sponsors offering 403(b) plans may be able to operate them more like 401(k)s after SECURE 2.0, according to experts.
Molina, flexPATH ERISA Suit Continues, But Adviser NFP Dropped
A federal judge is allowing a plaintiff’s lawsuit against plan sponsor Molina Healthcare and TDF provider flexPATH to continue, but...
2023 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
ERISA Suits Against Capital One and Booz Allen Hamilton Dismissed
The attorney for the plaintiffs says they will likely amend their lawsuits and re-submit after dismissal in U.S. District Court.
New DOL Proposal Would Allow Fiduciaries to Self-Correct Certain Errors
If certain conditions are met, the proposal would allow fiduciaries to correct mistakes themselves without incurring a civil penalty.
ESG Is Now Permissible, But Not Required, Under ERISA
The DOL rule is designed to reduce legal uncertainty and obstacles to ESG investment.
Judge Sides with Nestlé In Request to Dismiss 401(k) Class Action Suit
Judge recommends dismissal of a class action lawsuit brought by a participant against Nestlé with accusations of unnecesarily high fees...
Juniper Agrees to Settle ERISA Suit for $3 million
The network hardware firm agreed to an ERISA settlement totaling $3 million to dismiss claims of fiduciary breach.
Arizona Electric Company Sued for Using Actuarial Tables from the 1960s
Plaintiffs argue the outdated tables had the effect of reducing the value of employees’ pensions by underestimating the plaintiffs’ life...
Rising ERISA Litigation and the Importance of Section 104 Disclosure
Defense and plaintiff attorneys offer strikingly different accounts of the systemic issues haunting the ERISA litigation space.
Can a Current Active Participant Transfer Assets From a Frozen Plan To an Active ERISA 403(b) Plan?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
ESG Bluster Leads to No Effect for Three States’ Retirement Systems
For state pension funds considering environmental, social and governance investments, the sustainable strategies may be mightier than the letter.
Law Firm Files Motion to Dismiss ERISA Complaint Targeting BlackRock Funds
Attorneys for the defendants have asked a federal district court to dismiss ERISA fiduciary breach claims.
Quanta Services Sued in ERISA Lawsuit
The energy company was sued by two former employees for keeping poorly performing options on its retirement fund menu.
New Bill Would Void Mandatory Arbitration in ERISA-Governed Plans
The Mental Health Matters Act moves to the Senate after House passage, and would eliminate forced arbitration clauses, class action...
ERISA Lawsuit Brought Against Mutual of America
The plaintiffs have alleged Mutual of America plan fiduciaries using a closed-architecture recordkeeping platform caused plan participants to pay excessive...