Great-West Appellate Court Ruling Clarifies Duties of ‘Parties in Interest’
The appellate court decision tests ERISA’s restrictions on transactions between fiduciaries and non-fiduciary third parties, referred to as “parties in...
Tag: Fees
12 Years of Litigation Deliver Final Settlement in Tussey vs. ABB
The plan sponsor was previously ordered to make reforms such as using lower-cost share classes and conducting an open recordkeeping...
Oracle Defeats Most ERISA Class Action Claims
The defense benefited strongly from the fact that expert witness testimony given in favor of plaintiffs was rejected by the...
Parts of Schwab Self-Dealing ERISA Lawsuit Will Proceed
A district court in California has issued a mixed ruling in a self-dealing lawsuit filed against Schwab Retirement Plan Services...
American Century Defeats Self-Dealing ERISA Lawsuit
The district court had several times ruled against the firm in summary dismissal and discovery decisions—but the firm has prevailed...
Best Practices for Managing ERISA Litigation Risk in 2019
Three Mayer Brown ERISA attorneys discuss the current litigation landscape and offer practical strategies for promoting compliance in 2019.
Plaintiffs Agree to Drop Empower ERISA Revenue-Sharing Lawsuit
Both parties agreed to dismiss the litigation under Federal Rule of Civil Procedure 41(a), and each party will bear its...
Judge Rules to Dismiss Georgetown University 403(b) ERISA Lawsuit
The colorfully worded opinion chides plaintiffs for failing to acknowledge the unique character of 403(b) retirement plans—including their common use...
Mutual of Omaha ERISA Lawsuit Defeats Early Dismissal Motions
In his opinion, the district court judge says an ERISA complaint of this nature does not need to describe in...
Assessing Courts’ ERISA Decisions in 2018
Some 83,000 lawsuits have been filed under the Employee Retirement Income Security Act (ERISA) in federal district court since 2009,...
Mercer Sets Goals for DC Plans for the Coming Year
They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.
Fund Menus, Fee Structures Still Trending Toward Simplification
Experts at the Best of PSNC 2018 event in Boston reviewed plan sponsors’ use of different fund types and fee...
Half of Americans Think Market Volatility Has Increased
And a majority, 65%, say it is tougher now to get ahead financially than it was before the financial crisis,...
District Court Soundly Dismisses Washington University 403(b) Lawsuit
The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to...
Court Deems Principal Not a Fiduciary in Lawsuit Over GICs
The court granted the Principal defendants’ motion for summary judgment on all counts in a case questioning guaranteed investment contract...
The Perils of Ignoring Participant Complaints
If a plan sponsor fails to respond, they could face a civil and/or DOL lawsuit
Sponsors’ Unique Objectives Guide Retirement Income Discussions
“There is a lot of value in having conversations about retirement income that are not just product driven,” said Josh...
President Trump Orders Review of Open MEPs, RMD Rules
President Trump on Friday called on the Department of Labor to consider the pros and cons of allowing small businesses...
Plaintiff Again Fails to Prove Standing in Voya Stable Value Challenge
Voya successfully moved to dismiss the amended claims under Rule 12(b)(6), arguing that the claims should be dismissed because they...
Products |
Fidelity Index Fund Fee Cuts Reflect New Industry Realities
An announcement this week that Fidelity is launching retail mutual funds with management expense ratios of zero basis points shows...