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...
Tag: Employee Retirement Income Security Act
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...
Non-Electing Church Plans Subject to Some Pre-ERISA Requirements
Non-electing church plans are exempt from the Employee Retirement Income Security Act (ERISA) provisions pertaining to participation, coverage, and vesting;...
University of Chicago Settles 403(b) Plans Excessive Fee Suit
In addition to a monetary payment, the university has agreed to structural changes to its 403(b) plans.
401(k) Plan Trustees Ordered to Pay Back Misused Funds
A DOL investigation found the trustees used plan assets for businesses and properties owned by themselves and family members.
Fiduciary Compliance and Best Practices
Fred Reish, partner at Drinker, Biddle and Reath, told attendees of the Plan Sponsor Council of America 71st Annual National...
5th Circuit Affirms Dismissal of RadioShack Stock Drop Suit
The court found participant claims did not meet standards set forth in Fifth Third Bank v. Dudenhoeffer.