The ERISA complaint includes familiar allegations that retirement plan fiduciaries failed to manage or monitor plan recordkeeping and investment fees.
A former employee of SunEdison Semiconductor LLC claimed that the 8th Circuit “discarded the core lesson of Dudenhoeffer and imposed a categorical heightened pleading standard on ERISA plaintiffs.”
The firm has consented to a FINRA censure and a fine, based on allegations that it provided inaccurate expense and performance information to some retirement plan clients.
The Delaware Attorney General’s Investor Protection Unit says the representative took advantage of 403(b) participants who were confused about the transition to a single provider.
The Supreme Court has issued a limited ruling in a case that could have had a big impact on the filing and resolution of so-called “stock drop” lawsuits.
The defendants have agreed to pay a gross settlement amount of $12,375,000 to resolve all claims.
Under the Multiemployer Pension Reform Act, if one or more of the plans in the merger is in critical and declining status and appears to become insolvent within...
A federal district court has refused to reconsider its ruling that Cigna is carrying out its orders correctly in the cash balance conversion case.
The denial will let a 1st U.S. Circuit Court of Appeals decision stand, which the Investment Company Institute previously said will increase ERISA litigation, distort retirement plan fiduciary...
Premiums have gone up, and the agency says it has simplified reporting requirements for risk transfer activities.
“The selection of an interest rate assumption after the Measurement Date would create significant opportunity for manipulation and bias” by multiemployer plan trustees, a federal appellate court stated.
The plaintiffs suggest that the task of evaluating investments has become simpler for plan fiduciaries and that prudent fiduciaries will search for and select the lowest-priced share class...
Basically, the plaintiff never alleged an injury from the DB plan operating as exempt from ERISA requirements.
National Rural Electric Cooperative Association, previously subject of a DOL investigation, is facing a lawsuit regarding excessive fees and prohibited transactions.
Though more guidance is expected for certain provisions of the SECURE Act, there are some that are urgent for plan sponsors to address.
Attorneys with Drinker Biddle & Reath LLP have revealed fees required to initiate arbitration have been reduced by tens of thousands of dollars, and both parties now must...
The tables are to be used for determining contributions to DB plans and permitted disparity in DC plan contributions.
The case has been stayed until the parties can draft the settlement agreement.
While participants will be affected more than sponsors, sources say it is a best practice for sponsors to know when and how the rule applies and how providers...