Court Finds Custodial Agreement Must Be Provided to Participant
A federal judge found the agreement does dictate important aspects about the participant’s benefits under the 401(k) plan.
Tag: Fiduciary
Verizon Retirees Take PRT Challenge to Supreme Court
After seeing their pension risk transfer lawsuits dismissed in both district and circuit court, tens of thousands of former Verizon...
Union Fund Trustees Sued for Multiple Fiduciary Breaches
The International Association of Machinists National Pension Fund and its board of trustees are facing a lawsuit.
Plan Document Updates May Be Needed After 'Montanile' Decision
ERISA expert discusses the significant implications of the Supreme Court’s decision in Montanile v. Board of Trustees, especially as it...
OMB Now Reviewing Fiduciary Rule Language
The Department of Labor has advanced its conflict of interest regulations to the Office of Management and Budget for final...
Oracle Is Latest DC Plan Sponsor Targeted in Fee Suit
A new lawsuit filed by Schlichter, Bogard and Denton against Oracle Corporation for alleged mismanagement of the company’s 401(k) plan clearly...
SCOTUS Again Remands Stock Drop Case
The Supreme Court returned Amgen’s ESOP case to the lower court for a second time.
DOL Sues Sponsor Over Company Stock Valuation
The DOL is asking a Florida district court to take action against an employer accused of inflating its fair market...
Excessive Fee Claims Against Principal Dismissed
Among other things, the 8th Circuit found Principal’s adherence to its agreement with a plan sponsor does not implicate any...
'Largely Unpredictable' Which Sponsors Could be Sued by Participants
One attorney specializing in ERISA litigation suggests the pace of excessive fee lawsuits is gaining more momentum in 2016.
DC Plans Still Widely Targeted By Litigators
It may be a new calendar year for defined contribution (DC) retirement plans, but the professionals running them are still...
Retirement Plans Still Being Scrutinized by Plaintiffs' Attorneys
It seems nearly all types of plans and investment approaches have been challenged recently in the courts. Next year probably...
IRA Rollovers Won’t Slow Post Fiduciary Reform
In a new report, Cerulli Associates explores the impact the Department of Labor's proposed conflict of interest rule may have...
For Providers, 2015 Was Year of the Fiduciary
Looking back over a year of compliance coverage on www.plansponsor.com, few topics match the volume of reporting filed on the Department...
Reps Try Again to Influence Fiduciary Rule Process
Representatives say their new proposals would take steps to codify a set of bipartisan principles members introduced in November.
Budget Bill Will Not Delay Fiduciary Rule Process
There were several proposals moving in Congress around the omnibus appropriation budget deal regarding the fiduciary rule.
Plan Sponsor Errors At Heart of Appeals Court Ruling
Proper procedure is absolutely essential when it comes to fielding ERISA claims, as one plan sponsor has had to learn...
Many 403(b) Plan Sponsors Not Keeping Up with Fiduciary Duties
Many small 403(b) plan sponsors, especially, could use some help, a survey finds.
Committee Hears Arguments for Action Against Fiduciary Rule
A congressional subcommittee heard testimony about the proposed bipartisan principles that go head to head with the fiduciary proposal.
Another Challenge to the DOL Fiduciary Rule
Congressional representatives seek to protect retirement investors and stall DOL fiduciary rule.