Compliance | May 10th, 2024 Appeals Court Revives Pension Case Against Northrop Grumman For a second time, the 9th Circuit has resurrected a lawsuit that targeted the aerospace and defense company.
Compliance | May 7th, 2024 Salesforce Agrees to Settle ERISA Lawsuits San Francisco-based software company seeks a settlement in lawsuits that alleged the 401(k) plan charged participants excessive fees.
Compliance | May 3rd, 2024 PBGC Seeks $1 Million+ in Liability Payments From Pension Plan in Trusteeship The Pension Benefit Guaranty Corporation is seeking damages from a construction company after the PBGC took over its terminated pension...
Data and Research | May 2nd, 2024 Morningstar, NAPFA Affirm Support for Final DOL Fiduciary Rule Morningstar policy brief analyzes the impact of the Department of Labor Retirement Security Rule.
Compliance | May 1st, 2024 DOL Sues Third Profit-Sharing Plan in 2024 The Department of Labor is continuing its enforcement push against profit-sharing plans.
Compliance | April 30th, 2024 California Marketer Claims Plan Change Caused Recordkeeper to Retaliate A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud...
Compliance | April 22nd, 2024 Amended Lawsuit Targets Hess Corp. The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts...
Compliance | April 19th, 2024 Kellogg Wins Pension Lawsuit Dismissal Federal court in Michigan dismisses a lawsuit brought against the Kellogg Company pension plan.
Benefits | April 16th, 2024 PLANSPONSOR 2024 HSA Conference: Medical Account Alphabet Soup Determining which medical account options to offer their employees requires employers to understand how their health care coverage benefits work...
Benefits | April 12th, 2024 Paychex Seeks to Move ERISA Case Over Intercepted 401(k) Assets to Federal Court Paychex plans to fight a New York retirement lawsuit, alleging fiduciary breach in federal court rather than state court.
Compliance | April 10th, 2024 DOL Requests Approval of Settlement in Pennsylvania Mushroom Farm Case The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.
Compliance | April 9th, 2024 RTX Corp. Agrees to Settle ERISA Lawsuit The aerospace and defense contractor has agreed to a pending settlement in a lawsuit with a former participant.
Benefits | April 9th, 2024 IBM Wins Dismissal of Pension Lawsuit A lawsuit against IBM’s pension plan will not proceed, following a judge’s ruling in U.S. District Court for the Southern...
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...
Compliance | March 25th, 2024 ERIC Joins Amicus Brief Defending Yale University The brief was filed to support Yale in the plaintiffs’ 2nd Circuit appeal of a 2023 jury verdict that was...
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...