Study Finds Fiduciary ‘Red Flags’ Are Widespread for Corporate Plans
Abernathy Daley 401k Consultants' 5500 review finds that most corporate retirement plans have regulatory or fiduciary violations.
Tag: Employee Retirement Income Security Act
American Airlines Failed to Protect Workers’ 401(k)s in ESG Case, Federal Court Finds
A district court in Texas ruled in favor of a class action complaint alleging that the airline and its benefits...
Retirement Plan Benchmarking: ‘More Art Than Science’
Experts say ongoing monitoring of retirement plans to ensure they maintain competitive offerings should be more nuanced than merely looking...
Opinions |
The Golden Anniversary of ERISA: Celebrating Progress and Charting the Future of Retirement Security
As we mark the 50th anniversary of the law, it is an opportune moment to reflect on its profound impact...
Retirement Industry People Moves
First Eagle Investments hires senior director of consultant relations; Vanguard Group head of Europe announces retirement; Manulife names head of...
Employer Forfeited Funds Complaint Against HP Inc. 401(k) Plan Is Dismissed
A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...
TDF Lawsuit Against Black & Decker Advances
A Connecticut federal judge rejected the plan sponsor’s motion to dismiss, so the ERISA fiduciary breach case involving BlackRock TDFs...
Lawsuit Against NYC Pension Funds’ Divestment in Fossil Fuels Dismissed
A New York State judge dismissed the complaint due to lack of standing and failure to demonstrate injury.
California Business Conglomerate Cuts $1.25M Deal to End ESOP Lawsuit
A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged...
PBGC Closer to Receiving Pension Plan Restitution Payments
Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...
Benefits |
Employers Can Trust Address Provided by Employees
For employers, mailing COBRA notices by first-class mail to a former employee’s last known address is acceptable, Illinois federal court...
Judge Denies American Airlines’ Bid for Summary Judgment in ESG Lawsuit
The trial is confirmed to begin Monday, June 24, in Texas federal court.
Kohler Agrees to Settle ERISA Lawsuit Against DB Plan
Kohler Co., the Kohler Co. Pension Plan and pension plan beneficiary plaintiffs request the court’s approval of the settlement.
84 Lumber Co. Retirement Plan Sued for High-Fee Investments In-Plan
A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...
Retirement Plan Lawsuit Targets Texas Health Care System
Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.
Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees
A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed...
Judge Confirms Trial Date for American Airlines ESG Lawsuit
A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials,...
New York Federal Judge Rules Against TIAA in Managed Account Suit
TIAA’s request to dismiss lawsuit alleging it used aggressive tactics to move participants from the plan into more costly managed...
Texas Judge Certifies Class in Pilot’s Anti-ESG Case
A class of participants was certified in a federal district court lawsuit against American Airlines’ Plan for Pilots.
PBGC Sues to Recover Losses Caused by Trustee’s Asset Transfer
The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.