Compliance Update
Compliance Update
Summaries of the latest news from Washington and the courts—what’s coming, what’s contemplated and what’s critical for plan sponsors to know
Reported by PS
Art by David Han
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Federal Judge Dismisses ERISA Excessive Fee Complaint Against Bayada
A North Carolina court dismissed all claims, holding the workers lacked standing and failed to show real financial harm.
Bloomberg Sued Over 401(k) Plan Funds That Allegedly Lagged Market
The complaint alleges the company breached fiduciary duties by retaining underperforming investment options that cost employees millions in retirement savings.
DOL Files Third Amicus Brief in 401(k) Forfeiture Complaint
The department continues to voice its support for employers in appellate cases on the topic.