The trustee embezzled approximately $186,123.93 from the plan, as well as knowingly and willingly failed to file a required annual report for the CMG pension plan.
New processes and systems can cut costs for plan sponsors, streamline the work and allow for any discrepancies to be caught earlier.
Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling in Intel vs. Sulyma.
The lawsuit says the plan ‘inexplicably failed to select these lower fee-charging and better-return producing share classes.’
Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan sponsors face in fiduciary breach lawsuits.
A federal judge said the special fiduciary appointed to oversee the plan has sole authority to file lawsuits on behalf of the plan.
Not addressing the question of whether the Puerto Rico Supreme Court violated the First Amendment, the U.S. Supreme Court found a lower court lacked jurisdiction to issue payment...
The decision against summary dismissal of Herndon vs. Huntington Ingalls is made more significant by the fact that similar cases have been filed against large employers across the...
The Department of Labor alleges various failures and points of wrongdoing associated with sale of company stock to RVR Inc. employees.
It was found that the pension plan committee did not reasonably interpret the plan when it offset pension benefits for retirees who had previously received a workers’ compensation...
Attorneys discussed the clarity it provides, due diligence required and the hurdle of getting participants to accept annuities.
They found that some of the clients the attorneys were representing were former committee members alleged to have committed ERISA violations.
The lawsuit sought to portray Fidelity as a functional fiduciary that was inappropriately collecting revenue sharing payments from third-party mutual fund companies.
The premiums would increase by $26 billion over 10 years.
A U.S. District Judge's decision suggests pension plan sponsors should periodically review the reasonableness of actuarial assumptions used to calculate benefits.
401(k) plan sponsors need to understand all the parts of the new requirement and, for some, the long-term effects on plan administration.
Lawsuits continue to be filed across the United States that accuse large, well-known employers of using severely outdated mortality data when calculating the value of certain pension benefits.