DOL Files Fifth Amicus Brief Backing 401(k) Fiduciaries in Forfeiture Litigation
The Department of Labor urged the court to reject fiduciary breach claims, arguing the plaintiffs’ theory threatens employer flexibility and...
Tag: ERISA
ERIC Urges 2nd Circuit to Uphold Dismissal of ERISA Tobacco Surcharge Challenge Against PepsiCo
According to the ERISA Industry Committee, a contrary ruling could undermine workplace wellness programs nationwide.
Judge Lets ERISA Claims Proceed Against Plan Fiduciary Accused of Affair With Adviser
The federal court rejected most of the defendant’s bid to end the suit, but abstained from intervening in related divorce...
Witnesses Ask IRS for Trump Account Auto-Enrollment, State Partnerships
Researchers, child welfare advocates and financial experts warned lawmakers that administrative gaps could limit families’ active participation.
Employer, Business Groups Back Northrop Grumman in 4th Circuit 401(k) Forfeiture Appeal
The use of forfeitures to offset contributions continues to draw industry support.
AT&T Agrees to $184M Settlement in Retiree Pension Lawsuit
The deal, if approved by a federal district court in California, would require updates to future pension calculations.
30 Retirement CEOs Back Senate Bill Permitting CITs in 403(b)s
The legislation has stalled in the Senate, as other policy priorities loom before the August recess and midterm elections.
DOL Backs Intel in ‘Meaningful Benchmark’ Supreme Court Case
The Department of Labor cited an example from its proposed alts rule in siding with the employer.
American Benefits Council Urges Supreme Court to Reject ERISA Claims Based Solely on Fund Underperformance
The organization’s amicus brief backed Intel and warned that allowing lawsuits based on hindsight would fuel costly litigation and harm...
As AI Tool Use Expands, Questions Arise About Attorney-Client Privilege
Recent court decisions suggest that using consumer artificial intelligence tools for legal guidance could jeopardize privileged communications, but the law...
Intel Defends Investment Strategy in ‘Meaningful Benchmark’ Case Before SCOTUS
According to the company, the nation’s highest court must rely on an ‘apples-to-apples comparison’ when judging alleged underperformance.
Parsons Sued Over Retirement Plan Fund, Alleging $28M in Losses
The complaint, filed in Virginia, claims fiduciaries kept an underperforming Nuveen fund in the company’s 401(k) plan despite persistent lagging...
Judge Allows Core Claims in 401(k) Forfeiture Complaint vs. UnitedHealth to Proceed
The ruling adds to the ongoing fight over how forfeited funds should be used.
PCMA Sues to Block Illinois, Tennessee PBM Laws, Citing ERISA Preemption
The trade group argues that new state restrictions interfere with employer-sponsored health plans, as scrutiny of pharmacy benefit managers intensifies.
Most Employer Contributions to Trump Accounts Will Not Trigger ERISA Oversight
New Department of Labor guidance aims to clarify legal treatment of workplace contributions ahead of the July 4 launch of...
Nationwide Seeks Class Certification Removal as 401(k) Fee Trial Looms
The insurance company hopes a recent 4th Circuit Court of Appeals ruling will influence the decision about the plaintiffs’ class...
Employer Groups Urge 8th Circuit to Review ERISA Case Class Certification
The appeals court’s ruling in a challenge to tobacco-use surcharges could affect more than 75 pending lawsuits related to workplace...
4th Circuit Declines to Rehear Genworth 401(k) Fiduciary Breach Case
The appellate court stuck with its March ruling that claims involving individualized monetary losses cannot be pursued as mandatory class...
MetLife Settles Mortality Table ERISA Lawsuit for $23M
The agreement ends a nearly 8-year legal dispute concerning plaintiffs receiving fewer benefits due to outdated actuarial tables.
Industry Divided: DOL’s 401(k) Investment Selection Rule Draws Thousands of Comments
Supporters say the proposal would reduce litigation fears and expand retirement investment options, while critics warn it will weaken longstanding...