The hearing last month explored the legal process for enforcing the fiduciary duty of retirement plans to avoid excessive recordkeeping fees.
The brief is in support of Southern Co. Services, which is accused of using outdated assumptions when calculating retirees’ joint and survivor annuity benefits.
Fifty years ago, the world dramatically changed for Americans saving for retirement. The landmark law known as the Employee Retirement Income Security Act (ERISA) was enacted. But is the law still ...
When it comes to ERISA ligation, even if at first you do succeed, you often have to try, try again. Certainly that’s been the case of the fiduciaries of the HP 401(k) plan, one of a number of national ...
In another courtroom battle between the Department of Labor and the retirement industry, three big employer groups are ...
How much proof of mismanagement or financial malfeasance do you need before you can legally accuse your retirement plan of ripping you off?
There has been a recent uptick in ERISA class actions challenging the use of 401(k) plan forfeitures. Forfeitures are employer contributions ...
The lawsuit filed in Texas says the carrier's failure to remove an underperforming fund option, which holds over $2 billion in assets, has cost plan members millions.
Strategic ERISA (Employee Retirement Income Security Act) plan design and administration require more than just technical compliance—they call ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...
Employees may be concerned over potential changes to their retirement benefits during a company merger or acquisition. Here’s ...