Plan fiduciaries were accused of fiduciary breaches for using plan forfeitures to offset future employer contributions, but ERISA experts would be surprised if this longstanding and widespread practice...
Attorneys for the Colgate-Palmolive Employee Relations Committee seek to end the plan sponsor’s involvement in a lawsuit alleging fraudsters stole a participant’s retirement plan assets.
Both parties brought motions as a former pilot asserts that fiduciaries for American Airlines’ defined contribution plans breached their duty by including investment managers and funds focused on...
The recent MOVEit breach highlighted the need for plan sponsors to carefully vet service providers in order to protect participants’ assets, data and personal information.
The 10th Circuit has joined several other circuit courts in holding that a ‘meaningful benchmark’ must apply to 401(k) participant lawsuits, and ERISA attorneys agree it will not...