The higher court vacated the dismissal of a prohibited transaction claim, citing the recent Supreme Court decision in Cunningham v. Cornell University.
In the complaint, plaintiffs represented by Schlichter Bogard, allege that the recordkeeper and investment company ‘mislead retirement plan participants’ to serve its own benefit.
Legal & General Retirement America projected $11 billion in pension risk transfer deals through the first six months of 2025, down from $26 billion in H1 2024.
T. Rowe Price adds three hires for insurance business; MissionSquare appoints new leads to East field sales team; and Katten adds partner Meredith Sheldon O’Leary.
According to Hub International’s 2025 U.S. Workforce Vitality Gap Index, employers may have relied on incomplete data to improve their benefits and total rewards programs.