Iowa Investment Adviser Restores Funds to Pension Plans
April 14, 2014 (PLANSPONSOR.com) – Investment adviser Donald Gene DeWaay Jr., based in Johnston, Iowa, has paid $341,487 to 68...
Tag: Litigation
DOL Seeks Losses from Plans Failing to Remit Contributions
April 4, 2014 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) has filed a lawsuit to recover losses to the...
Court Dismisses Allegations Against Wells Fargo
April 3, 2014 (PLANSPONSOR.com) – A federal district court recently dismissed allegations of fiduciary breach and fraud leveled against Wells...
Transit Pension Fund Sues Asset Manager for $50M
April 1, 2014 (PLANSPONSOR.com) – A lawsuit filed by the Massachusetts Bay Transportation Authority (MBTA) pension fund claims New York...
DOL Says 401(k) Trustee Failed to Perform Duties
March 28, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit to remove and replace a 401(k)...
Fiduciary to Repay Funds to Ohio 401(k) Plan
March 24, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) announced that the fiduciary of a Cleveland, Ohio, 401(k) plan...
How to Avoid (or Survive) a Plan Audit
March 24, 2014 (PLANSPONSOR.com) – Aggregate qualified retirement plan audit data from the Department of Labor (DOL) shows that, of...
Fidelity Wins Some in Appeal of Tussey Case
March 20, 2014 (PLANSPONSOR.com) – Fidelity was able to convince an appellate court to vacate some of the decisions made...
Health System and Plan Providers Sued Over Plan Fees
March 12, 2014 (PLANSPONSOR.com) – The St. Louis-based law firm of Schlichter, Bogard & Denton filed a class action on...
Participant’s Imprudent Funds Claims Time-Barred by ERISA
March 11, 2014 (PLANSPONSOR.com) – A federal appeals court has dismissed claims of a participant in Suntrust Bank’s 401(k) plan...
Adviser Found Not Liable for Plans' Bad Investment
March 7, 2014 (PLANSPONSOR.com) – A federal appellate court found a registered investment adviser for two pension plans was not...
DOL Seeks Recovery of Virginia Pension Plan Assets
March 6, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) is seeking to recover pension plan assets on behalf of...
No Harm Required to Seek Plan Reformation
February 24, 2014 (PLANSPONSOR.com) - A federal appeals court has found a retirement plan participant need not show “harm” to...
DOL Acts to Distribute Terminated Plan Assets
February 14, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has received a consent judgment and order allowing it to...
Plan Trustees to Restore $4 Million to Illinois Plan
February 12, 2014 (PLANSPONSOR.com) – Two Department of Labor (DOL) lawsuits have resulted in plan trustees of an Aurora, Illinois,...
DOL Cracking Down on Unremitted Contributions
February 7, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) announced enforcement efforts against two retirement plan sponsors that failed...
DOL Recovers Assets for Kentucky Pension Plan
February 5, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has recovered plan assets for a Kentucky-based pension plan, as...
Groups Ask for Stronger Presumption in Stock Drop Case
February 5, 2014 (PLANSPONSOR.com) – A brief of amici curiae was recently filed with the U.S. Supreme Court for a...
DOL Sues Contractors over Prohibited Loans, Investments
February 5, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit against a Lilburn, Georgia contracting firm,...
DOL Challenges Court Decision in Excessive Fee Case
January 28, 2014 (PLANSPONSOR.com) – Secretary of Labor, Thomas E. Perez, has filed a federal court brief disputing a district...