DOL Bars Aliera Companies, CEO From Serving as ERISA Fiduciaries
The health insurance company and CEO Shelley Steele were accused of paying more than $100 million to themselves and affiliated...
Tag: ERISA
Annuity Provider Representatives Push Back Against PRT Criticisms
Leaders in the PRT world argue that many criticisms of insurers are misguided and that the DOL’s IB 95-1 has...
Industry Players Want Mandatory Roth Catch-Up Implementation Delayed
The list of industry groups calling for more time on Roth catch-ups is growing rapidly.
Verizon Reaches $30M Settlement in 401(k) Complaint
The 2016 lawsuit accused Verizon of failing to monitor a hedge fund in its retirement plan TDFs.
Ownership Structure, Investment Strategies of Annuities Concern Sponsors, ERISA Council Says
The ERISA Advisory Council discussed emerging trends in the annuities market, as well as concerns expressed by sponsors and other...
403(b) Suit Against Wake Forest Health Center Settled for $3.8M
Settlement comes about two years after initial complaint of fiduciary negligence and excessive fees.
New House Bill Suggests ESG Is to Blame for Underfunded Pensions
While focused on eliminating consideration of ESG factors in fiduciary investment decisions, the legislation also requires a study of public...
EBSA Says It Will Propose Fiduciary Rule in August
The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...
Lawsuit Targets SaveATree Subsidiary ESOP, Trustees
The Arborwell Inc. employee stock ownership program began in 2017, but the plaintiffs allege the ESOP’s 2020 sale to CI...
Churchill Holdings ESOP Participants Sue
The lawsuit plaintiffs are ESOP participants holding vested shares of Churchill stock in their accounts who were employed at Churchill...
Benefits |
Robust Retirement Tiers Can Help Keep Participants In-Plan
Plan sponsors who want to continue serving their retirees need to give them a reason to stay.
ERISA Lawsuit Against O’Reilly Automotive Dismissed
Six former employees lost their lawsuit against the auto parts company, that claimed it allowed 401(k) participants to pay excessive...
ERISA Lawsuit Against NJ Transit Authority Dismissed
The 3rd Circuit Court of Appeals upheld a District Court ruling that government plans are not covered by ERISA.
Federal Judge Dismisses Complaint Against HR Company TriNet
The 2020 ERISA retirement lawsuit alleged fiduciary breaches committed by the retirement plan committee.
Oilfield Services Company Baker Hughes Faces ERISA Lawsuit
A class action complaint filed in Texas alleges fiduciary breaches by the company’s 401(k) plan.
Mutual of America Agrees to $2.75 Million 401(k) Lawsuit Settlement
Subject to court approval, the retirement plan services and investments provider will pay participants in a class action case who...
Benefits |
DOL Sues Profit-Sharing Retirement Plan of California Consultant
The Department of Labor alleges an environmental consultant abandoned responsibility for its profit-sharing retirement plan in the late 1990s.
Car Parts Producer Faces Retirement Lawsuit
The retirement plan for Tenneco Inc. employees is alleged to have committed two breaches of fiduciary duty.
Coca-Cola Bottlers’ Association Agrees to Settle ERISA Case for $3.3 Million
The lawsuit against the CCB multiple employer plan needs court approval to finalize settlement.
ERISA Complaint Against DISH Network Dismissed
A federal judge found the plaintiffs had not established an adequate peer for the funds’ fees and performance in question.