The firms allegedly provided a comprehensive set of pension plan termination services to a hospital system client that, according to plaintiffs, resulted in suboptimal outcomes for the employer...
More guidance will be needed for single-employer and multiemployer defined benefit plans to use funding help provided in the $1.9 trillion coronavirus relief bill.
Until the publication of further guidance, the department says it will not enforce either final rule or pursue enforcement actions against any plan fiduciary for failure to comply.
Plaintiffs say the failure to issue an effective RFP for recordkeeping and a rebranding process for investments led to additional costs for participants.
The settlement comes with a $5.75 million price tag to be split between the plan sponsor defendant and its financial adviser, along with other nonmonetary stipulations to be...
The lawsuit suggests the defendants chose and maintained Principal investment products and plan administration services because Principal, its subsidiaries and its officers benefited financially from the fees.
Between retirement reforms first created by the SECURE Act and then updated by the CARES Act, there is a lot of confusion about required minimum distribution deadlines and...
Since there were no clear administrative remedies for fiduciary breaches spelled out in plan documents, a federal judge rejected the firm’s claim that the plaintiffs failed to exhaust...
The lawsuit alleges that a preference for proprietary investments led to excessive fees and the continuation of underperforming investments in Natixis’ plan lineup.
An IRS notice clarifies rules regarding elections without a qualifying event, an extended grace period for unused amounts and other provisions included in the Consolidated Appropriations Act, 2021.
Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan sponsor. Not so in the latest suit filed...
The text of the settlement agreement and its accompanying exhibitory documents stretches to nearly 300 pages, underscoring the complexity of the fiduciary issues at hand.
There are so many arguments back and forth in a case alleging imprudence in investment choices for Lowe’s 401(k) plan that a judge said no one is entitled...
Though he expressed doubt about plaintiffs’ path to victory in the lawsuit, a federal judge determined they met the minimum requirements to avoid summary judgment in favor of...
Among the potential retirement policy solutions that could become law in 2021 is a provision to allow 403(b) plans to access collective investment trusts, which can be beneficial...
The appellate court found a lower court erred in denying the plaintiffs’ leave to amend their complaint, meaning the case over excessive fees in the university’s retirement plans...