Compliance | May 18th, 2018 ERISA Excessive Fee Suit Filed Against University of Rochester The suit challenges fees paid to provider TIAA.
Compliance | May 14th, 2018 Court Orders Former Lighting Company Owner to Pay Back Profit Sharing Plan An investigation conducted by the DOL found the past trustee had issued checks from the plan’s checking account to the...
Compliance | May 14th, 2018 Settlement Reached in Excessive Fee Suit One Day After Lawsuit Is Filed Philips North America agreed to pay $17,000,000 to settle a 401(k) excessive fee suit one day after the complaint was...
Compliance | May 11th, 2018 401(k) Plan Trustees Ordered to Pay Back Misused Funds A DOL investigation found the trustees used plan assets for businesses and properties owned by themselves and family members.
Compliance | April 26th, 2018 Plaintiff in UPenn 403(b) Suit Asks for Amicus Briefs to Not Be Accepted For one thing, the plaintiff argues the briefs filed in support of the University of Pennsylvania provide the university an...
Compliance | April 26th, 2018 Motion for Class Certification Filed in American Airlines Stable Value Fund Suit The complaint says that instead of offering a stable value fund in its 401(k) plan, American Airlines offered the AA...
Compliance | April 20th, 2018 Principal Faces Lawsuit Over Management of TDFs The lawsuit questions the selection of underlying investments for the Principal LifeTime Hybrid Collective Investment Funds, alleging Principal used proprietary...
Compliance | November 7th, 2017 Court Supports Waiver of ERISA Statute of Limitations The 11th Circuit ultimately ruled that it is common sense to conclude that since a litigant can renounce his most...
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.