Compliance | May 18th, 2018 ERISA Excessive Fee Suit Filed Against University of Rochester The suit challenges fees paid to provider TIAA.
Compliance | May 17th, 2018 Lawsuit Filed Against Plan Sponsor, Aon Hewitt for Untested Funds in 401(k) According to the complaint, the defendants removed a large number of established funds in the plan that were performing well...
Opinions | May 14th, 2018 The Retirement Enhancement and Savings Act of 2018: What Would It Mean for MEPs? In March, the Retirement Enhancement and Savings Act of 2018 (RESA) was introduced in the U.S. Senate. If passed, the...
Compliance | May 11th, 2018 Public Pension Fund Files Complaint Against Wells Fargo Over Compensation Received The bank admitted that because of “a system error,” revenue sharing payments were not credited to the retirement fund, but...
Compliance | May 9th, 2018 ESOP Fiduciaries to Pay More Than $2 Million to Settle DOL Lawsuit The Department of Labor sued Sonnax Industries, company officers and ESOP fiduciaries Tommy Harmon and Frederick Fritz, and Illinois-based First...
Opinions | May 4th, 2018 Barry’s Pickings: Keeping Employers in the 401(k) System: Fixing 401(k) Fee Litigation Michael Barry, president of the Plan Advisory Services Group, delves into fee litigation assumptions—and what is wrong with them.
Compliance | April 25th, 2018 Court Affirms DB Plan Sponsor Owes Excise Taxes on Non-Deductible Contributions A federal appellate court agreed with the Commissioner of Internal Revenue that Pizza Pro Equipment Leasing incorrectly calculated the limitation...
Compliance | April 9th, 2018 Court Finds Company Owners Not Responsible for Multiemployer Plan Withdrawal Liability The 9th Circuit depended on its own precedent in finding that unpaid contributions to employee benefit funds are not plan...
Compliance | April 5th, 2018 7th Circuit Again Rules Successor is Responsible for Multiemployer Plan Withdrawal Liability The appellate court disagreed with a district court conclusion that the multiemployer plan had not shown sufficient continuity of business...
Compliance | March 27th, 2018 TPA Faces Another Lawsuit for Stealing Retirement Plan Assets The lawsuit filed by MBA Engineering on behalf of its 401(k) and cash balance plans also accuses Vantage Benefits, MBA's...
Compliance | February 27th, 2018 Original Case Against NYU 403(b) Plans Going to Trial In addition, a federal judge dismissed a third complaint against NYU—naming its adviser as a defendant—as a duplicative action.
Compliance | December 6th, 2017 Court Decision in PBGC Suit Shows Sponsors Have Ultimate Fiduciary Liability “IHI cannot delegate fully its statutory responsibilities under ERISA,” a federal judge says in her opinion.
Compliance | May 12th, 2017 Emory University Excessive 403(b) Plan Fee Suit Moves Forward However, one claim for which the motion to dismiss was granted by a federal judge was that the plan offered...