In announcing the loan forbearance extension, President Biden acknowledged that the country is still recovering from the pandemic and the unprecedented economic disruption it caused.
A court found a participating employer was not a fiduciary with respect to alleged actions in the lawsuit, and therefore was not under threat of being sued for...
A change to how required minimum distributions are taken from 403(b) contracts might call for changing recordkeeping systems and dusting off information sharing agreements.
A new order in a long-running ERISA lawsuit tosses out certain claims related to alleged breaches of the ERISA fiduciary duty of loyalty, but it otherwise denies the...
A federal court found most of the plaintiffs’ ERISA fiduciary breach claims are sufficiently pled to advance beyond the motion to dismiss stage in the litigation process.
A federal court found the claims were not time-barred, the investment manager was responsible for its own fiduciary duties and an individual committee member can’t escape claims of...
Supporters say the ambitious legislation package would expand retirement plan coverage and deliver benefits to relieve anxiety about having secure retirement income.
The complaint alleged a target-date fund suite managed by Principal performed poorly for an excessive period of time, without being adequately reviewed or removed from the plan.
In certain cases, the portion of a multiple employer plan attributable to a participating employer’s failure to meet plan qualification requirements would be spun off.
The house will hold a committee hearing focused on improving Americans’ retirement savings and investing opportunities and vote on the ‘SECURE Act 2.0’ this Tuesday.
The plaintiffs accuse the defense of failing to work to reduce retirement plan expenses or to adequately scrutinize each investment option that was offered to ensure it was...
The plaintiff is seeking recovery on behalf of a class of participants in a retirement plan of the AME church, which reported a ‘material loss’ last fall.
The proposed IMPAIR Russia Act would prevent investment firms, insurance companies and fiduciaries subject to ERISA from investing in Russian entities.
A federal court order rejects the defendants’ motion to dismiss the lawsuit, which argues plan fiduciaries permitted the payment of excessive fees, but it also determines that the...
The consolidated lawsuit alleges Nationwide 401(k) plan fiduciaries failed to negotiate guaranteed investment fund terms that were as good as the same fund’s terms for its DB plan.