The lawsuit alleged plan fiduciaries acted for their own benefit by forcing participants to choose among costly investments managed by JPMorgan and BlackRock.
The plaintiffs have successfully amended their complaint and “plead charts, comparative studies and specific facts” necessary to proceed into discovery.
A last ditch effort to point out that another circuit found no evidence of fiduciary misconduct in a similar case apparently did not persuade the high court it...
The bill provides a delay for minimum annual required contributions and relief for plans that may have benefit restrictions triggered due to a drop in funding levels.
A new district court ruling finds Fidelity liable for certain fiduciary breaches in the operation of its own retirement plan, but the decision ‘addresses only the question of...
Plan sponsors who have faced regional natural disasters will be familiar with many of the relief provisions adopted by Congress, from the suspension of required minimum distributions to...
The complaint says plan fiduciaries failed to negotiate fixed-interest contract terms for the 401(k) that were as good as the same fund’s terms for its DB plan.
Throughout the 7th Circuit’s decision, it contends the plaintiffs put forth their own opinions and preferences rather than evidence of fiduciary breaches.
A new minimum age for in-service withdrawals and permanent nondiscrimination testing relief ease plan sponsors’ ability to keep older employees and protect their benefits.