Compliance | April 8th, 2024 After DOJ Criminal Sentence, DOL Sues Profit-Sharing Plan of Pennsylvania Mushroom Farmer Department of Labor brings a lawsuit against the profit-sharing plan of a criminally indicted Pennsylvania mushroom farm retirement plan.
Benefits | April 4th, 2024 DOL Attains Court Order Directing Defunct Firm Restore Missing 401(k) Money A federal court in Maryland ordered a defunct engineering company and its owner to pay $388,458 to restore missing contributions...
Compliance | April 3rd, 2024 DOL Alleges Profit-Sharing Plan Fiduciaries Took Retirement Plan Assets The Department of Labor alleges the plan fiduciaries at a tree service company used retirement assets from a profit-sharing plan...
Compliance | April 3rd, 2024 Minnesota Sponsor Sues Adviser for True-Up Plan Amendment The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege...
Compliance | April 1st, 2024 DOL Files Papers to Enforce Petition against TPA The Department of Labor seeks to enforce a summons against a Philadelphia-based third-party administrator to execute an Employee Benefits Security...
Benefits | March 22nd, 2024 Molina Healthcare Close to Win in ERISA Lawsuit A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...
Ask the Experts | March 19th, 2024 How Can a Late 403(b) Plan Remittance Be Corrected? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Compliance | March 13th, 2024 Plaintiffs Request Judge Approve Settlement in ERISA Data Breach Lawsuit Attorneys for the plaintiffs in a case about cybersecurity liability for participant data asked a Georgia federal judge for final...
Compliance | February 22nd, 2024 Judge Denies American Airlines’ Motion to Dismiss Federal judge allows lawsuit against American Airlines’ defined contribution plans to proceed.
Compliance | February 21st, 2024 Pennsylvania Federal Judge Orders RiversEdge Out of Retirement Plans A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.
Benefits | February 15th, 2024 DB Plans’ Experience Provides No Playbook for DC Plans to Incorporate Private Equity According to a Morningstar report, large private sector pension funds’ experience allocating to PE is not particularly instructive for defined...
Investing | February 12th, 2024 Insurance Broker’s PEP Launches for Private Equity, Venture Portfolio Firms San Francisco-based Woodruff Sawyer enters the pooled employer plan market, seeking to attract startup plans through the firm’s private equity...
Benefits | February 7th, 2024 DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets...
Compliance | January 29th, 2024 DOL Lawsuit Alleges TPA Stole $5.5M in Retirement Plan Assets From 17 Clients A restraining order has been filed in the Department of Labor lawsuit against Pennsylvania third-party administrator RiversEdge.
Compliance | January 22nd, 2024 DOL Suit Retires Maine Excavator’s 401(k) Plan Maine federal judge approves agreement reached between the Department of Labor and a Maine excavation company that was shuttered in...
Compliance | January 19th, 2024 26 State Attorneys General Appeal Biden ESG Rule Decision Republicans appeal to the U.S. 5th Circuit Court of Appeals, requesting it strike down the rule that permits environmental, social...
Benefits | January 17th, 2024 DOL Sues Blue Cross Blue Shield Minnesota for Collecting $66.8M in Provider Tax The Department of Labor filed a lawsuit against Blue Cross Blue Shield of Minnesota, claiming the third-party administrator became a...
Compliance | January 9th, 2024 DOL Sues 2 Maryland Plan Sponsors The Department of Labor has filed complaints against two separate plan sponsors, alleging identical fiduciary breaches.
Benefits | December 29th, 2023 EBSA’s Lisa Gomez Talks DOL 2024 Agenda The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and...
Investing | December 14th, 2023 Nonprofit Group Launches Website to Counter Anti-ESG Information The digital platform aims to improve public understanding of environmental, social and governance investing.