How Plan Sponsors Can Combat Cybercrime
A panel hosted by the National Institute on Retirement Security explained that all pension plans are at increased risk, especially...
Tag: ERISA
Associated Bank ERISA Lawsuit Dismissed
The plaintiffs’ fiduciary breach claims were dismissed, with prejudice, in United States District Court for the Eastern district of Wisconsin
Metro Bank Founder, Wife Reach Settlement with DOL over Profit-Sharing Plan Losses
Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of...
ERISA Amendment Could Lead to Increased Investment in Alternative Assets
The Retirement Savings Modernization Act would explicitly state that 401(k) plans can include investments in all asset classes, though this...
AAA Carolinas ERISA Lawsuit Settled for $500,000
The plaintiffs received early approval for class settlement in a retirement plan lawsuit against the Carolinas Auto Club that alleged...
Judge Rules in Home Depot’s Favor in ERISA Suit
Plaintiffs had alleged that Home Depot did not monitor their retirement plan offerings closely, and that they charged participants excessive...
ERISA Self-Dealing Lawsuit Targets Wells Fargo and Ex-CEO Sloan
Former employees allege that retirement plan fiduciaries engaged in prohibited transactions and breached their fiduciary duty to participants.
Senate Confirms Lisa Gomez as EBSA Head
The full Senate voted, 49-36, to confirm the new assistant secretary of labor for the Employee Benefits Security Administration.
What Would a Government Shutdown Mean for the DOL?
The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
Plan Progress Webinar: What to Expect From a Retirement Plan Adviser
As plan sponsors look to evaluate their relationship with their financial advisers, experts say it is critical that advisers understand...
Judge Dismisses ERISA Suit for Not Stating a Claim
A judge dismisses a suit against utility company Exelon, but leaves the door open for future proceedings.
Wake Forest University Retirement Plan Lawsuit Will Proceed
The plaintiffs’ claims survive the defendants’ motion to dismiss
Plaintiffs Move for Settlement Approval in 16-Year ERISA Case
The class action suit sought compensation for pension plan lump-sum payments whose value had been undercalculated.
Defendants Move to Dismiss Retirement Account Cyber-Theft Case
A total of $750,000 was stolen from a retirement account managed by the defendants—who, the plaintiff alleges, ignored many red...
Goldman Sachs Did Not Violate ERISA Requirements, Court Says
The judge rules that there is no evidence that Goldman Sachs acted either disloyally or imprudently with its employees’ defined...
Suit Claims Janus Henderson Favored Its Own Funds in 401(k) Plan
Case alleges firm put high-fee, underperforming proprietary funds in its retirement plan
Wilmington Trust Launches CIT Onboarding Tool
The tool for employer-sponsored plans seeks ‘democratization’ of the use of collective investment trusts.
DOL Recovers Millions for Wells Fargo Plan Participants
A settlement has been reached after an Employee Benefits Security Administration investigation.
ERISA’s 48th Anniversary Passes Without a Senate Vote on EBSA Head
Despite push from HELP Committee Chairwoman Patty Murray, Lisa Gomez’s nomination as assistant secretary of labor remains in limbo.
Appeals Court Backs Dismissal of J&J Stock-Drop Litigation
Plaintiffs in the now-dismissed case sought to establish that ‘corporate-insider fiduciaries’ violated their duties of prudence in the operation of...