The ruling states that actively managed mutual funds and share classes that include revenue sharing can have their place in prudently run retirement plans.
Whether Principal acts as a fiduciary when setting the crediting rate for its GIC goes back to a federal district court to decide.
In a case against Northwestern University, the petitioners ask whether allegations that a plan paid or charged its participants fees that exceeded fees for alternative available investment products...
The denial lets stand an appellate court decision that two entities of Sun Capital Partners, which bought a firm that withdrew from a multiemployer plan, are not liable...
For 2021, the default rate of withholding for certain periodic retirement and annuity payments will remain the same as it was prior to the Tax Cuts and Jobs...
However, a federal judge did not dismiss claims against the recordkeeper for the Abbott Laboratories Stock Retirement Plan.
Yet another piece of ERISA litigation has been filed by the law firm Capozzi Adler, this one following the same template as the numerous other complaints filed by...
The complaint, which includes stretches of text directly copied from previous lawsuits, says the plan sponsor’s actions were contrary to those of a reasonable fiduciary.
A discredited expert witness and plaintiffs who had no problem with their service provider until they were solicited to join a ‘manufactured’ lawsuit were factors in a federal...
The lawsuit claims an investment manager failed to follow its stated investment strategy during the COVID-19-related market volatility, resulting in ‘astonishing’ losses for the pension plans.
U.S. Magistrate Judge Sallie Kim called the plaintiffs’ claims ‘both internally inconsistent and illogical.’
Barnabas Health is the latest to face class action allegations filed by the law firm Capozzi Adler.
Recordkeepers and asset managers want more flexibility in terms of how their clients generate newly mandated lifetime income projections on retirement plan statements.
The allegations are similar to many other pieces of litigation challenging the use of actively managed funds over passive funds and the use of higher-cost share classes.
The settlement is limited to the single claim that survived summary judgment, related to the share class of the TIAA-CREF Lifecycle Funds.
In the settlement agreement, OSF Health admits no wrongdoing, but the hospital system agrees to pay a sum of $25 million to better fund its pension plan.
As the nation’s top retirement and health plan regulator, Preston Rutledge oversaw an agency of more than 800 employee benefits professionals in offices throughout the United States.