Deals and People | April 10th, 2018 Fiduciary Governance Group Launched by Stradley Ronon The fiduciary governance group is designed to counsel investment committees and service providers, with a focus on avoiding and responding...
Compliance | April 6th, 2018 Court Rules Method for Calculating Multiemployer Plan Withdrawal Liability Was Improper A federal district court has ruled a multiemployer pension fund's use of the "Segal Blend" rate when assessing a member's...
Compliance | March 22nd, 2018 Aon Hewitt Defeats ERISA Claims Regarding Financial Engines Partnership The central claim in the failed class action was that plaintiffs were forced to overpay significantly for advisory services; defendants...
Compliance | March 21st, 2018 District Court Rejects Racketeering Claims Against Prudential, Morningstar A district court has ruled that the complaint “does not sufficiently plead that the defendants were engaged in the conduct...
Compliance | March 20th, 2018 Tough Process Questions Raised by Fifth Circuit Fiduciary Rule Decision To help ease the immediate concerns and confusion of clients, the law firm Stroock has published a helpful guide that dissects...
Compliance | March 19th, 2018 Circuit Courts’ Conflict on DOL Fiduciary Rule Could Persist The fact that two U.S. Circuit Courts of Appeals, the Fifth and the Tenth, have issued conflicting rulings about the propriety of...
Data and Research | March 14th, 2018 Plan Sponsors, Providers and Participants Speak of Different Perceptions, Priorities Research reveals that less than half of sponsors believe that employees are solely responsible for their own retirement savings and...
Compliance | February 28th, 2018 Georgetown University Latest Collegiate Target of ERISA Litigation Familiar allegations are leveled against Georgetown University in the latest example of defined contribution litigation to hit a big-ticket U.S....
Compliance | January 26th, 2018 Dismissal of Capital Group Self-Dealing ERISA Challenge Offers Fiduciary Insight With the new opinion, the district court seeks to make clear where the line is when it comes to pleading...
Compliance | January 24th, 2018 Ruling in Charles Schwab Self-Dealing Suit Suggests Limits of Arbitration Agreements For one thing, a federal court judge found the defendants provide no authority supporting their contention that a plan document...
Compliance | January 8th, 2018 Retirement Funds Among Targets of Securities Fraud Brokers serving retirement plans and other institutional investors were accused of routing orders for equities to an offshore affiliate in...
Compliance | December 29th, 2017 Settlement Agreement May Conclude Allianz Self-Dealing Challenge Along with non-monetary relief, Allianz will pay $12 million into a common fund for the benefit of class members, to...
Compliance | December 22nd, 2017 ERISA Litigation Shows No Sign of Slowing in 2018 Proprietary fund lawsuits are viewed by plaintiffs’ firms as one of the types of excessive fee cases that are likely...
Compliance | December 18th, 2017 Delta Air Lines Excessive Fee ERISA Lawsuit Dismissed Drawing on a number of recent decisions, the district court ruled the plaintiffs did not adequately describe how the offering...
Compliance | December 8th, 2017 Excessive Fee Suit Targeting Fujitsu Results In Sizable Settlement The lawsuit contended that among defined contribution plans with more than $1 billion in assets, the average plan has costs...
Compliance | December 8th, 2017 Account Withdrawal Fraud Lawsuit Filed by Great-West, Feds Based on Great-West’s investigation and the work of FBI agents, it appears that unauthorized individuals have been fraudulently obtaining access...
Compliance | October 18th, 2017 ERISA Suit Targeting MIT Partially Dismissed in District Court The district court decision spells out a number of caveats impacting this type of ERISA litigation, explaining why it is...
Compliance | October 18th, 2017 Appellate Decision Backs U.S. Bank in Pension Dispute Discussion in the new appellate decision lays out some important distinctions regarding the initial district court’s decision to dismiss the...
Compliance | October 11th, 2017 The Thrust of Fiduciary Liability Insurance In a world of heightened plan sponsor scrutiny, fiduciary liability insurance can be a powerful tool.
Compliance | October 4th, 2017 Johns Hopkins University ERISA 403(b) Challenge Partly Dismissed The complaint states that Johns Hopkins has not prudently managed its 403(b) plan, but a district court judge disagrees, at...