Compliance

April 20, 2017

Court Rules For CVS In Stable Value ERISA Challenge

Summarizing its decision, the court observes, “It is well established that the test of prudence ... is one of conduct, and not a test of the result of the performance of the investment.”

April 11, 2017

Court Asked to Compel Arbitration of Schwab Self-Dealing Suit

According to the motion filed by attorneys, the fact that the plaintiff’s claims are brought pursuant to ERISA’s civil enforcement provisions does not in any way impede or limit the application of the arbitration provisions contained in the plan document.

April 10, 2017

Peabody Energy Stock Drop Suit Dismissed

A judge concluded plaintiffs did not allege special circumstances or offer plausible alternatives according to standards set forth in the Supreme Court’s Dudenhoeffer ruling.

April 07, 2017

BlackRock Faces 401(k) Excessive Fee Case

The complaint specifically calls out the use of BlackRock target-date funds which it says use excessive fund layering, subjecting participants to higher fees.

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