Expert attorneys say the new ruling can be interpreted as ‘modestly expanding’ the precedents set by the Supreme Court in Tibble v. Edison, but its ultimate impact may...
The new ruling states that Tibble v. Edison’s discussion of the continuing duty to monitor plan investments applies in the Hughes v. Northwestern University case.
Both lawsuits argue that the index suit of the target-date funds would have been a better option for plan participants.
A federal court certified a class of trustees, sponsors and administrators of all ERISA employee benefit plans that owned variable annuity contracts via John Hancock’s Signature platform.
A new lawsuit alleges that plan sponsors at the health care facility breached their fiduciary duties.
Former non-union employees of the auto parts maker sought to overturn the Pension Benefit Guaranty Corporation’s decision to terminate their pension plan.
Alongside confirming that the payment has now gone out to Local 138, PBGC this week announced it has approved a second application for emergency pension funding.
A lawsuit alleges that the poor performance of a suite of target-risk funds resulted in a nearly $250 million loss to participant accounts.
The lawsuit, like many others filed by plaintiffs represented by the law firm Capozzi Adler, also suggests the plan sponsor has failed to use the lowest-cost share classes...
The firm has agreed to pay $7 million and offer a brokerage window providing participants with access to nonproprietary funds.
The defendants in a lawsuit against Bronson Healthcare will pay $3 million to settle charges of ERISA violations.
Sponsors can craft retirement plan document language to manage their exposure to claims for benefits and other Employee Retirement Income Security Act claims.
Attorneys say the court opinions inform planning decisions in the cases of divorce or job changes.
Some updates to the Form 5500 implement changes called for by the SECURE Act, and others will require more review from plan sponsors to ensure completeness and accuracy.