Oracle Is Latest DC Plan Sponsor Targeted in Fee Suit
A new lawsuit filed by Schlichter, Bogard and Denton against Oracle Corporation for alleged mismanagement of the company’s 401(k) plan clearly...
Tag: Fiduciary
SCOTUS Again Remands Stock Drop Case
The Supreme Court returned Amgen’s ESOP case to the lower court for a second time.
DOL Sues Sponsor Over Company Stock Valuation
The DOL is asking a Florida district court to take action against an employer accused of inflating its fair market...
Excessive Fee Claims Against Principal Dismissed
Among other things, the 8th Circuit found Principal’s adherence to its agreement with a plan sponsor does not implicate any...
'Largely Unpredictable' Which Sponsors Could be Sued by Participants
One attorney specializing in ERISA litigation suggests the pace of excessive fee lawsuits is gaining more momentum in 2016.
DC Plans Still Widely Targeted By Litigators
It may be a new calendar year for defined contribution (DC) retirement plans, but the professionals running them are still...
Retirement Plans Still Being Scrutinized by Plaintiffs' Attorneys
It seems nearly all types of plans and investment approaches have been challenged recently in the courts. Next year probably...
IRA Rollovers Won’t Slow Post Fiduciary Reform
In a new report, Cerulli Associates explores the impact the Department of Labor's proposed conflict of interest rule may have...
For Providers, 2015 Was Year of the Fiduciary
Looking back over a year of compliance coverage on www.plansponsor.com, few topics match the volume of reporting filed on the Department...
Reps Try Again to Influence Fiduciary Rule Process
Representatives say their new proposals would take steps to codify a set of bipartisan principles members introduced in November.
Budget Bill Will Not Delay Fiduciary Rule Process
There were several proposals moving in Congress around the omnibus appropriation budget deal regarding the fiduciary rule.
Plan Sponsor Errors At Heart of Appeals Court Ruling
Proper procedure is absolutely essential when it comes to fielding ERISA claims, as one plan sponsor has had to learn...
Many 403(b) Plan Sponsors Not Keeping Up with Fiduciary Duties
Many small 403(b) plan sponsors, especially, could use some help, a survey finds.
Committee Hears Arguments for Action Against Fiduciary Rule
A congressional subcommittee heard testimony about the proposed bipartisan principles that go head to head with the fiduciary proposal.
Another Challenge to the DOL Fiduciary Rule
Congressional representatives seek to protect retirement investors and stall DOL fiduciary rule.
Sen. Warren Says Annuity ‘Perks and Kickbacks’ Rampant
Senator Elizabeth Warren issued a report about collusion between the annuity and advisory industries that is nothing short of scathing.
Current Focus of the DOL
Phyllis Borzi revealed some of the thoughts behind certain DOL initiatives, and asked for help from the industry.
Perez Speech Hints at DOL Fiduciary Flexibility
Speaking at a Brookings Institution public meeting, U.S. Secretary of Labor Thomas Perez said he is “confident we will be...
Participants Sue Allianz Retirement Plan Fiduciaries
A lawsuit filed by two participants in an Allianz retirement plan claims the company and its asset management partners, including...
Lawmakers Want a Review of Fiduciary Rule Changes
In a letter to the DOL, members of Congress ask that changes made to the proposed fiduciary rule be submitted...