Macy’s Stock Fiduciary Breach Suit Certified as Class Action
March 14, 2011 (PLANSPONSOR.com) – A lawsuit questioning Macy’s Inc.’s decision to continue offering company stock in its retirement plans...
Tag: ERISA
Verizon Involuntary Plan Transfer Suit Declared Class Action
March 11, 2011 (PLANSPONSOR.com) – A federal judge has granted class certification in a lawsuit filed by Verizon retirees claiming...
SURVEY SAYS: What's Your Favorite PSNC Topic?
February 24, 2011 (PLANSPONSOR.com) - Hopefully you’ve noticed that we’ve posted up the agenda (and registration) for the PLANSPONSOR National Conference.
EBSA Releases New Batch of ERISA Advisory Opinions
February 14, 2011 (PLANSPONSOR.com) – Federal regulators have issued a series of new advisory opinions from correspondents asking for...
DoL Obtains Restitution for Arkion Life Sciences 401(k) Plan
February 10, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained a consent judgment ordering Arkion Life Sciences LLC...
Opinions |
Maintaining Non-ERISA Status for 403(b)s
February 1, 2011 (PLANSPONSOR.com) – Many 403(b) sponsors that have maintained their plan under the Employee Retirement Income Security Act...
Court OKs Class Actions for ERISA Cases
January 24, 2011 (PLANSPONSOR.com) – A federal appellate court has ruled that it can be appropriate for a class of...
Health Plan TPA Ruled ERISA Fiduciary
January 11, 2011 (PLANSPONSOR.com) – A third-party administrator committed a fiduciary breach when it paid its expenses with funds supposed...
Participants Lose Second Attempt in Medtronic Stock Suit
January 7, 2011 (PLANSPONSOR.com) – After filing an amended complaint, participants of Medtronic Inc.’s retirement plan failed to convince the...
Ex-Business Owners on the Hook for Plan Losses
January 6, 2011 (PLANSPONSOR.com) – The former owners of a St. Paul, Minnesota, business services company are jointly liable for...
Court Finds Severance Plans Not ERISA Governed
December 28, 2010 (PLANSPONSOR.com) – A federal judge in Massachusetts has ruled that Alcatel-Lucent USA did not breach its Employee...
Employer Hit with $6K ERISA Fine
December 22, 2010 (PLANSPONSOR.com) – A federal judge in Illinois has levied a $5,880 fine against an Illinois health care...
Court Approves $8.5M Settlement for Schering-Plough Participants
December 21, 2010 (PLANSPONSOR.com) – A federal judge has given final approval to an $8.5 million settlement of a long-running...
CA Bank Hit with Stock-Drop Complaint
November 24, 2010 (PLANSPONSOR.com) – FirstFed Financial Corp. employees have filed a stock-drop suit alleging the bank kept company stock...
Widow Loses SERP Benefits Bid
November 18, 2010 (PLANSPONSOR.com) – The widow of a participant in Diebold Inc.'s supplemental executive retirement plan (SERP) did not...
Benefits |
A Rebuilding Year for DC Plans?
November 15, 2010 (PLANSPONSOR.com) - Just a year after a number of high-profile employers chose to suspend...
Benefits |
Diebold Agrees to Stock Drop Suit Settlement
November 11, 2010 (PLANSPONSOR.com) - A settlement of $4.5 million has been preliminarily approved by a federal court in a...
Ex-Wife Entitled to 401(k) Account Balance
November 4, 2010 (PLANSPONSOR.com) – Even though a now-dead 401(k) participant’s ex-wife waived her right to her ex-husband’s account proceeds,...
Some SunTrust Stock Drop Claims Thrown Out
October 28, 2010 (PLANSPONSOR.com) – A federal judge in Georgia has rejected claims SunTrust Banks breached its fiduciary duty by...
Employer in Stock Drop Case Gets 2nd Chance
October 20, 2010 (PLANSPONSOR.com) – A federal judge in Missouri has reversed himself and given a St. Peters, Missouri-based silicon...