Compliance | January 21st, 2022 Plaintiff Must Arbitrate 403(b) ERISA Claims An order filed in an excessive fee lawsuit against Baptist Health South Florida says the 403(b) plan in question effectively...
Compliance | January 20th, 2022 Children’s Hospital Corp. Faces Excessive Fee Lawsuit A new lawsuit alleges that plan sponsors at the health care facility breached their fiduciary duties.
Compliance | May 21st, 2021 Plan Progress: Lessons from Litigation Experts in a recent PLANSPONSOR webinar reviewed recent retirement plan litigation and what lessons plan sponsors can from cases and...
Compliance | April 30th, 2021 403(b) Lawsuit Targeting WakeMed Rapidly Settles In their short-lived complaint, the plaintiffs suggested WakeMed fiduciaries have not acted prudently in the operation of the 403(b) retirement...
Compliance | May 26th, 2020 Washington University 403(b) Challenge Revived by 8th Circuit Parts of the lower court’s ruling against the plaintiffs’ claims have been rejected and remanded by the appeals court.
Compliance | August 6th, 2019 Settlement in Johns Hopkins 403(b) Plan Lawsuit Includes Recordkeeper Bid The $14 million settlement agreement also requires the University to retain an independent consultant to assist plan fiduciaries in reviewing...
Compliance | September 21st, 2018 Sanctions Called for Workers and Attorneys in Sacerdote et al. v. NYU There are several bases on which the court could impose sanctions.
Administration | May 2nd, 2018 Wisconsin Private Colleges Unite Retirement Plans in ‘403(b) MEP’ The Wisconsin Association of Independent Colleges and Universities announced a partnership with Transamerica to create a 403(b) multiple employer retirement...
Investing | January 8th, 2018 Mercer Offers Focus Tips for E&F Investment Committees Among tips Mercer suggests is evaluating litigation vulnerability at a time when lawsuits against higher education 403(b) plan sponsors are...
Compliance | September 18th, 2017 What 403(b) Plan Sponsors Can Learn From Recent Lawsuits Steps can be taken to prevent a lawsuit, establish defenses if a lawsuit arises and buy fiduciary protection.