Trustee Sued Over Retirement Plan Account Fraud
The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the trustee is refusing to provide information to help...
Latest News
Associated Banc-Corp Accused of Self-Dealing in ERISA Lawsuit
Participants have filed a suit alleging the bank used its retirement plan to promote its investment products.
Products |
Investment Product and Service Launches
Franklin Templeton releases research hub; CAVU launches impact investing share classes with Invesco; and Franklin Templeton grows ETF suite.
Compliance Duties and Litigation Risks in 2021
Attorneys review what regulations plan sponsors must adhere to and legal decisions to keep in mind for the new year.
Deciding Whether an Annuity Is Right for Your Plan Participants
Plan sponsors should look at participant needs to determine whether annuities would be a fit for their plan and, if so, which types of annuities meet those needs.
Summary Judgment Denied in BlackRock ERISA Dispute
A district court has rejected dueling summary judgment motions filed by the plaintiffs and defendants in an ERISA self-dealing lawsuit involving BlackRock.
Products |
AICPA Provides Resource for Plan Sponsors to Evaluate Partial Plan Terminations
An advisory describes what constitutes a partial plan termination as well as what steps plan sponsors need to take to fulfill their fiduciary duties if one has occurred.
DOL Offers Guidance for Locating Missing Participants
Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for.
Benefits |
What Employers Need to Know About HSAs
Experts share eligibility requirements, tax treatment rules and allowable expenses for health savings accounts.
Settlements Reached in Lawsuit Over Sequoia Fund Investment
DST Systems and Ruane, Cunniff & Goldfarb have agreed to settle a lawsuit regarding investments in the DST Systems Inc. profit sharing and 401(k) plans.
The Mechanics of Moving to a PEP
With a lack of regulatory guidance, plan sponsors can rely on certain existing rules to know the steps to take if they decide to move from a single-employer...
District Judge Grants Dismissal of Vail Resorts ERISA Lawsuit
Central to the dismissal is the consideration of several issues of standing.
VALIC Sued Over Surrender Fees Charged to 401(k) Plan
The lawsuit says VALIC engaged in a prohibited transaction, as well as self-dealing, in violation of ERISA when surrender fees were charged during the transfer of assets to...
Strong End to 2020 Puts DB Plan Funded Status Back to Where It Started the Year
Defined benefit plans that use an LDI strategy faced less volatility over the year, and funded status improvements were helped by gains in risk assets.
Supreme Court Appeal Filed in Wells Fargo Stock-Drop Case
The appeal asks whether an earlier Supreme Court ruling means ESOP fiduciaries are effectively immune from duty-of-prudence liability for the failure to publicly disclose potentially damaging inside information.
Retirement Industry People Moves
Wagner Law Group appoints partner; PCS Retirement acquires ABGRM; and BNY Mellon announces new additions.
Parties Reach Settlement Over Funding of St. Joseph Health Services Pension Plan
The lawsuit alleged that after the plan no longer qualified as a ‘church plan,’ it failed to be funded according to ERISA standards.
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Securian Financial Offers Education Benefits to Retirement Plan Clients
In a partnership with BenefitEd, Securian is offering college savings and employer-assisted student loan repayment benefits, and more.
Marty Walsh Will Be Nominated as Secretary of Labor
Apart from potentially reversing course on fiduciary rule-related regulations, there are many other areas where sources suggest the next DOL Secretary could drive significant changes.
Data Provides Reasons for Encouraging the Offering of DB Plans
In addition to providing a secure source of retirement income for employees, a report shows benefit payments support the economy and contribute to job growth.