Compliance | August 7th, 2023 American Airlines Seeks Dismissal of 401(k) ESG Complaint The airline points out in a motion to dismiss that the ESG-related funds in question were only available through the...
Compliance | August 2nd, 2023 UnitedHealth Group Insurance TPA, UMR Sued by DOL The Department of Labor’s complaint may indicate health care regulations are going the way of rules for retirement plans.
Administration | July 28th, 2023 Senate, House Far Apart on DOL Budget The two appropriation bills are about $4 billion apart in terms of discretionary funding for the department.
Administration | July 28th, 2023 Voya Financial Launches 403(b) PEP Beginning August 1, Voya will bring what it is calling the very first pooled employer plan to employees of large...
Compliance | July 26th, 2023 Upcoming EBSA Webcast Will Focus on Helping Women Save for Retirement The August 16 webinar will focus on challenges and circumstances women face when preparing for retirement, as well as how...
Administration | July 25th, 2023 AI Tapped to Mine Form 5500s, Leverage Chatbots for Retirement Newfront, a tech-focused advisory firm, recently brought its AI-driven benefit solutions to Congress and will be using AI capabilities to...
Administration | July 24th, 2023 DOL Advises Plan Sponsors to Extend Enrollment Period for Employees Losing Medicaid The unwinding of a COVID-19 policy that prohibited states from removing people from Medicaid and CHIP could leave hundreds of...
Administration | July 21st, 2023 TECO Energy DB Plan Sued by Pension Beneficiary for Shortfall The complaint alleges the Florida-based energy company and its pension plan failed to disclose material information in the summary plan...
Compliance | July 17th, 2023 DOL Secures $124 Million Settlement on Behalf of DST Systems Participants DST Systems Inc. was accused of mismanaging its profit-sharing 401(k) plan and failing to diversify the plan’s assets, which resulted...
Administration | July 17th, 2023 DOL Seeks Independent Fiduciary for 401(k) Plan of Closed NY Construction Company When L D Wenger Construction Co. Inc. ceased operations, its 401(k) plan was deserted by the fiduciary, barring retirement plan...
Compliance | July 12th, 2023 Terminated Employee Alleges Twitter Didn’t Pay Promised Severance The proposed class action brought by Twitter’s former head of people experience alleges Elon Musk and X Corp. violated ERISA...
Compliance | July 12th, 2023 EBSA Compliance Seminar Set for August The seminar will take place in Buffalo, New York, and aims to educate plan sponsors about basic fiduciary responsibilities.
Benefits | July 11th, 2023 Complaint Targets Waters Corp. 401(k) Plan, Board, Benefits Panel The suit, filed in Massachusetts federal court, alleges retirement plan fiduciaries caused participants to pay excessive fees to plan recordkeeper...
Compliance | July 10th, 2023 FAQ Clarifies Status of In-Network Providers, Facility Fees The FAQ also strengthens the health care cost protections of the No Surprises Act.
Benefits | July 10th, 2023 DOL Targets New Jersey 401(k) Plan for Concrete Companies Concrete producer Di Ferraro Inc. failed to remit employee withholdings and loan repayments to the plan over six years, the...
Compliance | July 7th, 2023 DOL Proposes Limiting Short-Term ‘Junk’ Health Plans The proposal would limit to four months use of short-term plans that Trump officials had allowed to be used for...
Benefits | July 7th, 2023 DOL Sues SIMPLE IRA Plan Sponsor for Pocketing Retirement Deferrals A Minnesota HVAC company is alleged by the Department of Labor to have misappropriated the retirement contributions of its’ employees,...
Benefits | July 6th, 2023 DOL Sues West Virginia Company for Fiduciary Breaches MSES Consultants Inc. failed to fund its health plan for much of 2016, leaving participants and beneficiaries on the hook...
Benefits | July 5th, 2023 DOL Provides Cybersecurity Tips For Plan Sponsors, Participants Workers should log-in to their recordkeeper’s website periodically to check online retirement accounts, the Department of Labor's Lisa Gomez advises.
Compliance | June 27th, 2023 PSNC 2023: Cybersecurity Best Practices for Plan Sponsors Experts note the importance of participant education and reviewing insurance held by vendors.