DOL Obtains $80M for Sherwin-Williams Participants
February 21, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has obtained $80 million for participants of Sherwin-Williams’ employee stock...
Tag: ERISA
Groom Expands ERISA Litigation Group
February 4, 2013 (PLANSPONSOR.com) – Edward Meehan has joined Groom Law Group’s ERISA litigation...
ESOP Challenged on Post-Recession Benefits Changes
February 1, 2013 (PLANSPONSOR.com) – Former employees of Jeld-Wen Inc. filed a lawsuit claiming an amendment to the firm’s employee...
Court Makes Repeat Decision in Amara v. CIGNA
January 23, 2013 (PLANSPONSOR.com) – A district court has again ordered reformation of CIGNA Corp.’s cash balance plan, despite a...
Bank of America Wins Suit Over Affiliated Fund Use
January 22, 2013 (PLANSPONSOR.com) – Bank of America has won a lawsuit alleging it violated the Employee Retirement Income Security...
Anheuser-Busch Wins Change in Control Benefits Case
January 11, 2013 (PLANSPONSOR.com) – A court has found Anheuser-Busch does not owe enhanced benefits to former employees who accepted...
Pension Lump Sums Must Account for COLAs
January 10, 2013 (PLANSPONSOR.com) – Calculations of lump sum pension benefits must take into account cost of living adjustments (COLA)...
Source HR to Restore Assets to Welfare Plans
January 9, 2013 (PLANSPONSOR.com ) - Source HR, LLC agreed to restore a total of $24,062.25 to its employee welfare...
Employer Contributions Owed to Plan Not Plan Assets
January 8, 2013 (PLANSPONSOR.com) – A federal appellate court ruled employer contributions owed to a 401(k) plan are not plan...
Wyeth Settles Stock Drop Suit
January 4, 2013 (PLANSPONSOR.com) – Wyeth Inc. agreed to settle a class action stock drop lawsuit.
Case About Ameriprise 401(k) Fund Selection Moves Forward
December 17, 2012 (PLANSPONSOR.com) – A case claiming Ameriprise Financial favored its own affiliate funds in its 401(k) investment lineup...
Differing Complaints Does Not Deter ERISA Class Action
December 12, 2012 (PLANSPONSOR.com) – A lawsuit filed by cash balance plan participants can move forward as a class action...
DC Assets Withdrawn Fraudulently Not Forfeited
December 5, 2012 (PLANSPONSOR.com) – A retirement plan participant’s claim to benefits was not forfeited when the plan paid his...
GM Participants Can Go Forward with State Street Suit
December 4, 2012 (PLANSPONSOR.com) – The U.S. Supreme Court has declined to review a stock drop case brought by General...
(b)lines Ask the Experts – ERISA Plan Effect on Non-ERISA Plan Status
December 4, 2012 (PLANSPONSOR (b)lines) – “We are a 501(c)(3) private nonprofit who, up until this point, have operated an...
Lawsuit Seeks to Stop Verizon Pension Buyout
November 30, 2012 (PLANSPONSOR.com) – A group of pensioners is seeking an injunction to halt the proposed transfer of $7.5...
DOL Sues Trustee for Purchasing Overvalued Stock
November 29, 2012 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) filed a lawsuit to recover losses by participants in...
Employer Not Guaranteed Refund of Overpaid Contributions
November 28, 2012 (PLANSPONSOR.com) – An employer is not guaranteed a refund of overpayments mistakenly made to a multiemployer plan.
DOL Provides Post-Hurricane Compliance Relief
November 21, 2012 (PLANSPONSOR.com) – The Department of Labor (DOL) issued compliance information for employee benefit plans adversely affected by...
(b)lines Ask the Experts – Replacing a non-ERISA with an ERISA Plan
November 20, 2012 (PLANSPONSOR (b)lines) – “I work with a plan sponsor who terminated a non-ERISA 403(b) plan a few...