Index Fund Designation Questioned in Latest Self-Dealing Lawsuit
The fund had an annual costs of 35 bps per year in the plans being targeted by the latest self-dealing...
Tag: Fiduciary
Target Hit With a Second Stock-Drop Challenge
Plaintiffs say the “artificial inflation of the company stock price” made Target shares a bad investment for the ESOP.
Appellate Court Revives Berkshire Hathaway ERISA Suit
Berkshire Hathaway’s decision to freeze a subsidiary’s pension plan will get another look in district court.
Fidelity’s Use of Float Income Not Improper
An appellate court ruled that the float income incurred when making distributions to retirement plan participants are not plan assets.
DOL Fiduciary Responsibilities Seminars Coming Up
The seminar is coming to Milwaukee, Little Rock and Newark.
Allstate Faces ERISA Interference of Benefits Claims
An equitable tolling period enlarged the number of plaintiffs that can move forward with interference of benefits claims.
Court Dismisses Edison Stock Drop Lawsuit
A judge found plaintiffs failed to suggest alternative actions the company could have taken that would not potentially harm the...
Disney Sued Over Investment in Sequoia Fund
The lawsuit claims the fund violated retirement plan investment policies because it concentrated investments in a single pharmaceutical company stock.
Excessive Fee Suit Calls Out Custom TDFs
The lawsuit asserts that fiduciaries to the Fujitsu Group Defined Contribution and 401(k) Plan hired an investment adviser with no...
Aegon and Transamerica Settle ERISA Self-Dealing Suit
Plaintiffs alleged their retirement plan sponsor engaged in self-dealing by favoring its own products in the plan and otherwise failing...
Court Finds Former Participant Is a Plan Fiduciary
According to a federal court, Pamela Neely is a plan fiduciary because she controls assets of the plan she received...
PSNC 2016: DOL and IRS Audits
The IRS has announced a new strategy for retirement plan compliance efforts. What should plan sponsors do to prepare for...
PSNC 2016: Fiduciary Rule Fundamentals
The final fiduciary rule is out, so what do you need to know? And, just as important, what can you...
SSGA Seeking Sponsors for Mandatory Retirement Plan Bill
The investment firm is meeting individually with Senators and Congressmen on its new national policy proposal.
Third Time’s a Charm in Lehman Brothers Stock Drop Suit
In its third visit to the 2nd Circuit, an Employee Retirement Income Security Act (ERISA) lawsuit was decided in favor...
Constitutionality Question Raised in Church Plan Challenge
Participants in a “church plan” say their employer improperly claimed the protected status, violating both ERISA and potentially the U.S....
(b)lines Ask the Experts – Can Plan Sponsors Reduce Fiduciary Liability?
“I am a fiduciary for our ERISA retirement plan. Can I reduce my fiduciary liability or even eliminate it entirely?”
Sponsor Facing Sizable Settlement for Poor ESOP Valuations
Count employer stock purchases within ESOPs among the activities receiving significant scrutiny from participants, regulators and litigators.
Retirement Plan Excessive Fee Suits Move Down Market
A Minnesota collision shop is being sued regarding its 114-participant 401(k) plan.
BB&T Finds Itself Targeted in Self-Dealing ERISA Suit
Those in the retirement plan industry hoping for a slowdown in ERISA-based lawsuits will be disappointed to read of a...