Compliance | July 13th, 2023 403(b) Suit Against Wake Forest Health Center Settled for $3.8M Settlement comes about two years after initial complaint of fiduciary negligence and excessive fees.
Compliance | June 21st, 2023 New House Bill Suggests ESG Is to Blame for Underfunded Pensions While focused on eliminating consideration of ESG factors in fiduciary investment decisions, the legislation also requires a study of public...
Compliance | June 15th, 2023 EBSA Says It Will Propose Fiduciary Rule in August The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...
Compliance | June 14th, 2023 Lawsuit Targets SaveATree Subsidiary ESOP, Trustees The Arborwell Inc. employee stock ownership program began in 2017, but the plaintiffs allege the ESOP’s 2020 sale to CI...
Compliance | June 2nd, 2023 Churchill Holdings ESOP Participants Sue The lawsuit plaintiffs are ESOP participants holding vested shares of Churchill stock in their accounts who were employed at Churchill...
Benefits | June 1st, 2023 Robust Retirement Tiers Can Help Keep Participants In-Plan Plan sponsors who want to continue serving their retirees need to give them a reason to stay.
Compliance | May 26th, 2023 ERISA Lawsuit Against O’Reilly Automotive Dismissed Six former employees lost their lawsuit against the auto parts company, that claimed it allowed 401(k) participants to pay excessive...
Compliance | April 28th, 2023 ERISA Lawsuit Against NJ Transit Authority Dismissed The 3rd Circuit Court of Appeals upheld a District Court ruling that government plans are not covered by ERISA.
Compliance | April 28th, 2023 Federal Judge Dismisses Complaint Against HR Company TriNet The 2020 ERISA retirement lawsuit alleged fiduciary breaches committed by the retirement plan committee.
Compliance | April 27th, 2023 Oilfield Services Company Baker Hughes Faces ERISA Lawsuit A class action complaint filed in Texas alleges fiduciary breaches by the company’s 401(k) plan.
Compliance | April 19th, 2023 Mutual of America Agrees to $2.75 Million 401(k) Lawsuit Settlement Subject to court approval, the retirement plan services and investments provider will pay participants in a class action case who...
Benefits | April 17th, 2023 DOL Sues Profit-Sharing Retirement Plan of California Consultant The Department of Labor alleges an environmental consultant abandoned responsibility for its profit-sharing retirement plan in the late 1990s.
Compliance | April 11th, 2023 Car Parts Producer Faces Retirement Lawsuit The retirement plan for Tenneco Inc. employees is alleged to have committed two breaches of fiduciary duty.
Compliance | April 3rd, 2023 Coca-Cola Bottlers’ Association Agrees to Settle ERISA Case for $3.3 Million The lawsuit against the CCB multiple employer plan needs court approval to finalize settlement.
Compliance | March 29th, 2023 ERISA Complaint Against DISH Network Dismissed A federal judge found the plaintiffs had not established an adequate peer for the funds’ fees and performance in question.
Ask the Experts | March 28th, 2023 Is Change Coming for 403(b) Plan 5500 Filings? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Compliance | March 23rd, 2023 Live Nation Faces Excessive Fee Lawsuit Participants claim that Live Nation offered higher-cost share classes for its 401(k) plan when identical, cheaper options were available.
Deals and People | March 17th, 2023 Retirement Industry People Moves Franklin Templeton appoints Dean R. Sackett III to managing director of government affairs; Hall Benefits Law adds Alex Bruckner; National...
Compliance | March 15th, 2023 LinkedIn Settles 401(k) Excessive Fee Complaint for $6.75 Million The social media company has agreed to pay participants in a class action case who alleged it did not shop...
Compliance | March 7th, 2023 DOL Appoints 5 New Members to the ERISA Advisory Council The new members represent accounting, insurance and the interests of employers, employees and the general public.