Tag: Employee Retirement Income Security Act

“Saxon Angle” from PLANSPONSOR magazine touches on timely issues of the day. 

The 9th U.S. Circuit Court of Appeals found that the facts alleged are insufficient to support a plausible inference of...

The 9th U.S. Circuit Court of Appeals previously concluded that the challenge to the management of the University of Southern...

A lawsuit alleges a health care system in North Carolina falsely claims to be a governmental entity, allowing it to...

It has only been about a year and a half since large U.S. universities became the target of ERISA lawsuits,...

The agency says plan sponsors have fiduciary responsibility for selecting and monitoring Retirement Clearinghouse’s Auto-Portability Solution, but once assets have...

The agency is inviting public comment on the proposed exemption and encourages additional proposals.

The question for the Supreme Court is whether the plaintiff or the defendant bears the burden of proof on loss...

The 1st U.S. Circuit Court of Appeals found “several errors of law in the district court’s rulings.”

The lawsuit not only calls out Fidelity’s use of all proprietary funds in its 401(k) investment lineup, but also accuses...

Leaving only the prohibited transaction claim to move forward, a federal judge found most defendants were not fiduciaries with respect...

A DOL investigation found the business owner used benefit plan contributions for corporate and personal expenses.

The DC plan trust of Frontier Communications was 219-times more concentrated in Verizon stock than defendants felt was appropriate for...

Several defendants, including M&T Bank and certain Wilmington Trust subsidiaries were found not to be fiduciaries and dismissed from the...

For its part, Schwab says the appellate court’s decision, which effectively invalidates agreements to arbitrate ERISA Section 502(a)(2) claims, conflicts...

While the first lawsuit focused on excessive recordkeeping, administrative and investment fees, the new lawsuit focuses specifically on the university’s...

The bank has agreed to pay $21.9 million to settle charges it benefited from including proprietary funds in its 401(k)...

In a decision granting victory to New York University, a federal judge noted “deficiencies in the Committee’s processes—including that several...

“Why are 403(b) plan assets generally not held in a trust?”