Administration | August 15th, 2023 Judge Sets Trial Date for American Airlines ESG Lawsuit The airline has sought to dismiss the litigation, but the trial could begin in late June of next year.
Compliance | August 14th, 2023 Missouri Anti-ESG Rules Pre-empted by ERISA, Lawsuit Says To the extent that they apply to pensions and other ERISA plans, the state-level regulations are pre-empted by federal law, the complaint says.
Compliance | August 14th, 2023 EBSA Plans Fiduciary Responsibilities Seminar in Los Angeles The Department of Labor’s Employee Benefits Security Administration is bringing the regulator’s retirement plan compliance seminar to California.
Compliance | August 11th, 2023 DOL Opens Public Comment on SECURE 2.0 Provisions EBSA will take feedback for 60 days on defined contribution reporting requirements, PEPs and emergency savings accounts.
Compliance | August 10th, 2023 9th Circuit Remands AT&T 401(k) Complaint Back to District Court AT&T has filed for additional time to request a rehearing.
Compliance | August 10th, 2023 NYC Pensions Seek Dismissal of ESG Lawsuit Attorneys for the funds argue in their motion that the complaint is ‘wasting the court’s time.’
Compliance | August 10th, 2023 How du Pont Family’s 1947 Pension Trust Became an ERISA Nightmare Fiduciaries of the trust are now liable for $38 million in pension liabilities.
Compliance | August 9th, 2023 IRS Plans Increased ESOP Enforcement The tax agency intends to use outreach and expanded exams over the next year to address compliance by companies with employee stock ownership plans.
Compliance | August 9th, 2023 Compliance With SEC Cybersecurity Rules Will Require Resources, Training The new disclosure requirements for public companies will not be easy to meet without added time and focus.
Compliance | August 9th, 2023 DOL Lawsuit Alleges Participant Assets Locked by Fiduciaries The department is seeking access to retirement assets owned by employees of a closed time-share-properties business in Houston.
Compliance | August 9th, 2023 EBSA Announces Additional Fiduciary Compliance Seminars The upcoming seminars will be held in Fort Wayne, Indiana, and Omaha, Nebraska.
Compliance | August 8th, 2023 Some 4010 Pension Filers May Qualify for Reporting Waiver Due to unusual market conditions, many 4010 filers will struggle to determine if they are required to file, so the PBGC is providing a limited one-time waiver to...
Compliance | August 7th, 2023 DOL Bars Aliera Companies, CEO From Serving as ERISA Fiduciaries The health insurance company and CEO Shelley Steele were accused of paying more than $100 million to themselves and affiliated businesses.
Compliance | August 7th, 2023 American Airlines Seeks Dismissal of 401(k) ESG Complaint The airline points out in a motion to dismiss that the ESG-related funds in question were only available through the self-directed brokerage window.
Compliance | August 7th, 2023 Annuity Provider Representatives Push Back Against PRT Criticisms Leaders in the PRT world argue that many criticisms of insurers are misguided and that the DOL’s IB 95-1 has been working well for a long time.
Compliance | August 4th, 2023 Multiemployer Plans in Service, Printing, Manufacturing Receive More Than $1B in Assistance The three plans cover more than 30,000 participants across two states and Washington, D.C.
Benefits | August 4th, 2023 RTX Corp. Sued for Denying Beneficiary Long-Term Disability Benefits The aerospace and defense contractor was sued for allegedly failing to pay required long-term disability benefits to a disabled former employee.
Compliance | August 3rd, 2023 PBGC Reports Strong Funding ERISA Industry Committee asks Congress to reexamine plan sponsor premiums.
Compliance | August 3rd, 2023 Pennsylvania PSERS Files Suit Seeking Damages from Aon The pension fund sued Aon citing breach of contract, breach of fiduciary duty and negligence over accounting error.
Compliance | August 3rd, 2023 Defendants List Narrowed on American Airlines ESG Lawsuit Fidelity Institutional and Financial Engines Advisors, LLC were removed as defendants to the lawsuit, the court docket shows.