Fidelity, Centene Hit With Excessive Fee, Forfeiture Misuse Complaint
While acting as recordkeeper and trustee of Centene Management’s 401(k) plan, Fidelity is accused of several breaches of its fiduciary...
Tag: prohibited transactions
Cornell Case Heads Back to District Court
The Supreme Court’s most significant retirement industry ruling of the year will have a new hearing that takes into consideration...
Husch Blackwell Sued for Alleged 401(k) Self-Dealing
A class action complaint claims the law firm diverted retirement plan contributions to pay company operating expenses.
Appeals Court Revives Part of 401(k) Mismanagement Suit Against Northeast Grocery
The higher court vacated the dismissal of a prohibited transaction claim, citing the recent Supreme Court decision in Cunningham v....
District Court Allows Some ERISA Claims to Proceed in Amentum-DynCorp 401(k) Lawsuit
Excessive-fee allegations survived, while complaints about improper use of forfeitures were dismissed.
Pentegra to Pay $48.5M Settlement in Fiduciary Breach Case
The parties agreed to a settlement higher than the $38.8 million that was included in a prior deal in April,...
Blue Cross Blue Shield of Michigan Sued for Alleged ERISA Violations
A complaint by Wesco Inc. claims BCBSM exploited self-funded health plans by charging fees to fix its own billing errors,...
National Rural Electric Cooperative Hit With ERISA Complaint; UnitedHealth Finalizes $69M Settlement
Retirement plan participants alleged the service organization engaged in prohibited transactions, while the health care giant agreed to pay a...
Do Both ERISA and the Internal Revenue Code Have Prohibited Transaction Rules?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Cornell 403(b) Transaction Complaint to Get SCOTUS Review
The court will consider split decisions in lower courts over how strictly ERISA should be read when determining the case...
DOL Updates Abandoned Plan Program Rules
EBSA will publish rules to open Abandoned Plan Program eligibility to Chapter 7 bankruptcy trustees.
DOL Sues Third Profit-Sharing Plan in 2024
The Department of Labor is continuing its enforcement push against profit-sharing plans.
Benefits |
Molina Healthcare Close to Win in ERISA Lawsuit
A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...
Pennsylvania Federal Judge Orders RiversEdge Out of Retirement Plans
A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.
DOL Lawsuit Alleges TPA Stole $5.5M in Retirement Plan Assets From 17 Clients
A restraining order has been filed in the Department of Labor lawsuit against Pennsylvania third-party administrator RiversEdge.
DOL Modifies PTE Application Process
The changes include more explicit criteria and modified definitions of what it means to be an independent fiduciary and appraiser.
Benefits |
DOL Sues Blue Cross Blue Shield Minnesota for Collecting $66.8M in Provider Tax
The Department of Labor filed a lawsuit against Blue Cross Blue Shield of Minnesota, claiming the third-party administrator became a...
Cornell Ruling Widens Circuit Court Split on ERISA Fiduciary Question
Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for...
Complaints Filed Against 5 Companies to Collect Money Owed to 2 Teamsters Pension Trust Funds
Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.
New Fiduciary Proposal Could Alter Participant-to-Adviser Relationships
The DOL sent a new fiduciary rule for an interagency review before its publication in the Federal Register.