Compliance

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.

In light of a lack of guidance from the DOL on how sponsors should protect their plans from cyberattacks, speakers laid out best practices.

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.

The complaint suggests the plan’s recordkeeping expenses demonstrate that defendants failed to engage in prudent monitoring and engage in prudent practices to keep those costs at competitive levels.

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.

Experts explained regulations and legislation from Washington, D.C., as well as what employers can do if they ever face ERISA litigation.

While a court has ruled the plan’s advisers should be carved out of the litigation, the counts against Home Depot fiduciaries will proceed.

Mutual of Omaha and United of Omaha agreed to pay $6.7 million to settle claims they selected certain investment options for Mutual of Omaha’s 401(k) plan to benefit...

The fiduciary breach lawsuit, which has now cleared the motion to dismiss stage, does not name Prudential as a defendant, but it does extensively discuss Prudential’s GoalMaker investment...

Speakers primarily discussed what responsibilities the CARES Act has put on the shoulders of plan sponsors.