Compliance | August 2nd, 2023 UnitedHealth Group Insurance TPA, UMR Sued by DOL The Department of Labor’s complaint may indicate health care regulations are going the way of rules for retirement plans.
Compliance | July 24th, 2023 Trustee GreatBanc Trust, Company Executives Sued for Disputed ESOP Sale, Valuation Former employees are suing GreatBanc Trust Co. and executives from Buckeye Corrugated Inc., a national packaging and display products manufacturer,...
Benefits | July 11th, 2023 Complaint Targets Waters Corp. 401(k) Plan, Board, Benefits Panel The suit, filed in Massachusetts federal court, alleges retirement plan fiduciaries caused participants to pay excessive fees to plan recordkeeper...
Benefits | July 10th, 2023 DOL Targets New Jersey 401(k) Plan for Concrete Companies Concrete producer Di Ferraro Inc. failed to remit employee withholdings and loan repayments to the plan over six years, the...
Benefits | July 7th, 2023 DOL Sues SIMPLE IRA Plan Sponsor for Pocketing Retirement Deferrals A Minnesota HVAC company is alleged by the Department of Labor to have misappropriated the retirement contributions of its’ employees,...
Benefits | July 5th, 2023 DOL Provides Cybersecurity Tips For Plan Sponsors, Participants Workers should log-in to their recordkeeper’s website periodically to check online retirement accounts, the Department of Labor's Lisa Gomez advises.
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...
Administration | June 5th, 2023 Use of RFPs Versus RFIs Contrast For Plan Sponsors Employers in disparate principal businesses approach RFPs versus RFIs differently, as plan sponsors perform searches for employee benefit providers
Administration | May 19th, 2023 Employers Discuss Why They Use Vendor Search Consultants Employers use the help of a consultant searching for employee benefit vendors, narrowly for certain tasks or pricing only and...
Compliance | May 16th, 2023 DOL Will Not Appeal 401(k) Rollover Rule, ASA Says The trade group that sued the DOL says the regulator will not insist that rollover advice should be subject to...