DOL Challenges Rochester Investment Adviser on Fees
The U.S. Labor Department filed a complaint against a Rochester, New York, investment adviser and plan administrator to recover losses...
Tag: Litigation
FedEx Pension Plan Faces DOMA-Related Challenge
The surviving spouse of a fully vested participant in a FedEx pension plan claims she is being unlawfully denied a...
DOL Explains Drop in 2014 Collections Number
The DOL’s Employee Benefits Security Administration says a substantial year-over-year drop in the agency’s reported collection totals for 2014 is...
2014 EBSA Collection Totals Questioned
The dollar amount secured by the DOL’s Employee Benefit Security Administration dropped substantially in 2014 compared with the previous year,...
2nd Circuit Agrees with Reformation of CIGNA Cash Balance Plan
In Amara v. CIGNA Corp., an appellate court has once again agreed that a change in plan terms is an...
DOL Collected Almost $600 Million in 2014 Enforcement Actions
The Department of Labor’s Employee Benefits Security Administration says it restored over $599.7 million to employee benefit plans and participants...
ERISA Lawsuit Filed Against Avon Products
A lawsuit claims fiduciaries to Avon Products defined contribution plan violated their duties to participants by keeping company stock as...
District Court Moves Forward Boeing Fee Case
A federal district court has denied Boeing’s request for summary judgment on the merits of Spano vs. The Boeing Company,...
Supreme Court Sets Date for Tibble Arguments
The United States Supreme Court will hear arguments in the closely watched 401(k) fee litigation case Tibble v. Edison near the end...
9th Circuit Revives Case for Consideration of Surcharge
A federal appellate court has sent a case back to a district court because the district court’s decision was made...
Products |
A 2015 Defined Contribution Checklist
Continuing an annual tradition, consulting firm Mercer has compiled a list of the top 10 recommended steps that defined contribution...
Nationwide Settles 13-Year-Old Revenue Sharing Suit
After 13 years and a number of court opinions, all granting relief in the plaintiff’s favor, Nationwide has presented a...
Solicitor General Argues for Reversal of Tibble Decision
The U.S. Solicitor General filed a second brief with the United States Supreme Court supporting the plaintiffs in a closely...
2015 Year in Preview
Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.
With No Presumption of Prudence, RadioShack Faces New Lawsuit
A lawsuit has been filed that some say is the first to cite the Supreme Court case about whether retirement...
Plenty of Regulatory Action Ahead for Retirement Industry
Experts from Drinker Biddle & Reath LLP had no shortage of topics to cover in a recent discussion about potential...
Judge Orders Fee Case Evidence Be Given to DOL
A federal district court has approved the Department of Labor’s motion to intervene in a 401(k) excessive fee case.
EBSA Issues Temporary Exemption for Credit Suisse
Credit Suisse AG has received temporary approval to continue acting as a qualified professional asset manager (QPAM), after pleading guilty...
Supreme Court Denies Review of Tussey Fee Case
The U.S. Supreme Court has denied a request to review an appellate court’s decision in a case concerning retirement plan...
Court Opens Door for Disclosure of Investment Guidelines
An appeals court has opened the door for the requirement that an ERISA plan’s investment guidelines be disclosed to participants...