The allegations in the case are filed on behalf of the same plaintiffs who have already sued their employer, Molina Healthcare, for alleged fiduciary breaches in the delivery...
In their motions to dismiss the case, the plan fiduciaries unsuccessfully argued that the plaintiffs invested in only some of the funds cited, and that they lacked standing...
The agency is still considering whether to make permanent relief from the requirement for certain elections to be witnessed in person by a plan representative or notary public.
The plaintiffs alleged John Hancock breached the Employee Retirement Income Security Act fiduciary duty of loyalty by receiving and retaining foreign tax credits generated by certain international investment...
The appellate court has sided with a lower court’s determination that individual arbitration agreements signed by plaintiffs should not prevent claims made on behalf of the plan as...
The plaintiff suggests an actuarial and administrative services firm did not take sufficient care to protect certain clients’ personally identifiable information.
Proponents say the bill will require pension plan sponsors to provide participants and beneficiaries with critical information about the tradeoffs between lump-sum payments and lifetime annuities.
The refiled lawsuit argues that the defendants are failing to provide alternative forms of pension benefits that are ‘actuarially equivalent’ to the standard single life annuities that participants...
The court found that the plaintiffs plausibly alleged that 401(k) plan fiduciaries failed to control fees by offering retail share classes of investments in the plan.
The settlement agreement also spells out a variety of non-monetary requirements, including a new fiduciary training regimen for members of the university’s retirement plan administration committee.