Plan Sponsors Get Clarity and Some New Questions in IRS Part-Time Eligibility Rules
The post-Thanksgiving rule proposal will require a close look and potential plan design changes in the coming weeks for employers...
Tag: ERISA
Fear of Litigation Causes Plan Sponsors to Pare Down Investment Menu
Reacting to cases citing the ‘inappropriateness’ of certain investments, many large plan sponsors have eliminated volatile asset classes from their...
IRS Proposes Part-Time Eligibility Rules per SECURE Legislation
Plan sponsors now have IRS guidance on what part-time workers are eligible for plans, though a comment period and finalization...
Senators Look to Increase Young Worker Participation With New Bill
The legislation would prevent plan sponsors from setting a minimum age of 21 for workers to participate in retirement plans.
DOL Would Oversee Annuity Sales, Rollovers Under New Proposal
The rule is open for public comment, with legal challenges expected almost immediately.
Rollovers, Investment Menu, Annuity Advice Standards to Be Overhauled in DOL Proposal
The DOL proposal would, under ERISA, assert jurisdiction over annuity sales and IRA rollovers.
26 State AGs Will Appeal ESG Rule Lawsuit Dismissal
After their initial challenge to the DOL’s ESG rule was dismissed, the states are appealing to the 5th Circuit Court...
2 ERISA Mandatory Arbitration Case Appeals Will Not Go Before Supreme Court
The cases focused on ESOP valuation, and both rulings held that that mandatory arbitration and class action relief are not...
Complaints Allege Improper Use of 401(k) Plan Forfeitures
Plan fiduciaries were accused of fiduciary breaches for using plan forfeitures to offset future employer contributions, but ERISA experts would...
Citi Gets DOL Approval for Diverse Manager Plan Fee Payments
The bank’s attorneys tout a positive response from the DOL on the program designed to promote diverse asset managers in...
Federal Judge Rejects One of Two Challenges to DOL ESG Rule
The court’s decision says that the rule does not violate ERISA, but another case in Wisconsin continues.
The Fiduciary Exception to Attorney-Client Privilege
Sponsors should know when their legal communications are privileged and when they are not.
Plan Sponsor Groups Send Amicus Brief in Defense of AT&T
Industry advocates submitted a brief encouraging the 9th Circuit to rehear a decision against AT&T in a 2017 excessive fee...
Wagner Law Group: Climate Funds, ERISA May Co-Exist, With Prudence
A fiduciary can use climate funds, as long as they ‘equally serve’ the financial interests of participants.
Court Rules for DOL on ForUsAll Crypto Complaint
A federal court has dismissed a case alleging that the DOL overstepped its bounds when warning recordkeepers and fiduciaries against...
ERISA Case Against Cisco Over BlackRock TDFs Dismissed
A judge dismissed a complaint against the retirement plan committee for Cisco, marking the fifth dismissal of similar lawsuits.
Missouri Anti-ESG Rules Pre-empted by ERISA, Lawsuit Says
To the extent that they apply to pensions and other ERISA plans, the state-level regulations are pre-empted by federal law,...
9th Circuit Remands AT&T 401(k) Complaint Back to District Court
AT&T has filed for additional time to request a rehearing.
How du Pont Family’s 1947 Pension Trust Became an ERISA Nightmare
Fiduciaries of the trust are now liable for $38 million in pension liabilities.
Some 4010 Pension Filers May Qualify for Reporting Waiver
Due to unusual market conditions, many 4010 filers will struggle to determine if they are required to file, so the...