Tag: ERISA

Justices will decide how much flexibility actuaries have when calculating how much companies must pay when withdrawing from a multiemployer...

The products are complex for various reasons, but recent regulatory changes and potential demand are expected to continue driving plan...

Industry proponents expect the legislation would lower costs and broaden investment menus for sponsors and participants.

Following a two-week trial, the judge ruled that the defendants had not breached their fiduciary duty by acting in their...

Trump’s nominee will now face a full Senate vote to lead the Department of Labor agency tasked with enforcing the...

Plan sponsors continue to face a flurry of legal action, but the nominee to head EBSA has pledged to cut...

A complaint by Wesco Inc. claims BCBSM exploited self-funded health plans by charging fees to fix its own billing errors,...

The complaint had accused the company of breaching its fiduciary duties and engaging in prohibited transactions.

Retirement plan participants alleged the service organization engaged in prohibited transactions, while the health care giant agreed to pay a...

A separate lawsuit was filed against the health care company in May, as similar cases continue.

The bill would allow periodic automatic reenrollment in workplace retirement plans for workers who opt out of contributions.

Former employees allege the retirement services provider breached its fiduciary duties by opting for high-cost investment options despite better alternatives. 

A federal judge dismissed the claim that the plan sponsor’s use of forfeited assets violated ERISA.

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

The parties agreed to a settlement in the second part of a case over prohibited transactions. 

The district court decision is the latest action in a flurry of cases concerning the alleged mismanagement of forfeited assets.

The judges did not comment on the case, and the 9th Circuit’s remand to a California district court will stand.

Experts recommend retirement plans conduct fiduciary education and training sessions at least annually and any time a new member joins...

Who are retirement plan fiduciaries and what does ERISA require them to do?

The employer organizations are supporting Southern Co. Services, accused of using outdated assumptions when calculating retirees’ joint and survivor annuity...