Duke University Charged in Second 403(b) Plan Lawsuit
While the first lawsuit focused on excessive recordkeeping, administrative and investment fees, the new lawsuit focuses specifically on the university’s...
Tag: Employee Retirement Income Security Act
Analysis of Settlement Terms in Deutsche Bank ERISA Litigation
The bank has agreed to pay $21.9 million to settle charges it benefited from including proprietary funds in its 401(k)...
Plaintiff in NYU 403(b) Plans Lawsuit Asks for Committee Members to Be Removed
In a decision granting victory to New York University, a federal judge noted “deficiencies in the Committee’s processes—including that several...
(b)lines Ask the Experts – Why 403(b) Assets Are Generally Not Held in a Trust
“Why are 403(b) plan assets generally not held in a trust?”
Pace of EBSA Settlements and Plan Corrections Is Strong
“On the retirement side, again, there is a strong focus on missing participants, and EBSA is diving incredibly deep," says...
Appeals Court Allows Case Against USC to Proceed
The panel concludes that the dispute against the University of Southern California fell outside the scope of the arbitration agreements...
ERISA Excessive Fee Claims Against Checksmart Time-Barred by District Court
The decision points to mailings and various other disclosures sent by Checksmart to the defendant over the years leading up...
Missing Inaction
What are the rules for locating missing retirement plan participants and what should plan sponsors do when they’re found?
Stock Drop Lawsuit Tied to Allergan-Actavis Acquisition Dismissed
Ruling in favor of a detailed motion to dismiss filed by defendants, the court cites a long list of precedent-setting...
Cactus Feeders ESOP Fiduciaries Agree to Sizable DOL Settlement
Lubbock National Bank, the ESOP’s trustee, has also agreed to take steps that will ensure it fulfills its fiduciary obligations...
K-12 403(b) Plan Sponsors Have New Fiduciary Duties Under Conn. Law
Connecticut decided to pass the law after Connecticut teachers regretted investing in certain products without being informed of fees and...
Prospect Chartercare Faces Lawsuit Over DB Plan Funding
The complaint alleges that at a certain point, the plan lost its church plan status as defined by ERISA and...
Retirement Plan Document Basics
A retirement plan consultant and an ERISA attorney offer tips for setting up, maintaining and following retirement plan documents.
PSNC 2018: Best Practices to Protect Yourself and Your Company from Fiduciary Liability Lawsuits
Having prudent processes in place when making plan decisions is of utmost importance, and if a plan sponsor gets sued,...
Appellate Court Rejects Bank of America Participants’ Claim for More Relief
Noting that the bank already made restitution to the participants under an IRS closing agreement, the 4th Circuit agreed with...
New Claim Added to Vanderbilt University 403(b) Plan Lawsuit
The new claim is related to the defendants’ alleged failure to protect plan assets by allowing third parties to market...
Invesco Accused of Self-Dealing in 401(k)
Plaintiffs allege the firm added poorly performing proprietary mutual funds to their plan.
Second Stock Drop Complaint Against Edison International Dismissed
A federal district court judge found that additional allegations that alternatives to continuing to offer the company stock would lead...