Tag: fiduciary duty

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

With dementia cases on the rise, plan sponsors have a duty to protect assets and shelter participants from financial fraud.

Plan sponsors and recordkeepers aim to prevent both participant mistakes and fraud schemes that can decimate retirement savings.

Plan providers are using technology to authenticate participants, secure accounts, flag suspicious activity and help protect participants’ assets.

How can plan sponsors avoid prohibited actions, mitigate fiduciary exposures and correct errors?

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

R.B. Pamplin Corp. used pension fund assets to acquire the company’s own real estate, exceeding limits under ERISA, the DOL...

A district court in Texas ruled in favor of a class action complaint alleging that the airline and its benefits...

Sponsors have both legal and practical ramifications to weigh.

A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged...

Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...

The trial is confirmed to begin Monday, June 24, in Texas federal court.

Kohler Co., the Kohler Co. Pension Plan and pension plan beneficiary plaintiffs request the court’s approval of the settlement.

A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...

Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.  

A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed...

A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials,...

TIAA’s request to dismiss lawsuit alleging it used aggressive tactics to move participants from the plan into more costly managed...

A class of participants was certified in a federal district court lawsuit against American Airlines’ Plan for Pilots.  

The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.