Arizona Electric Company Sued for Using Actuarial Tables from the 1960s
Plaintiffs argue the outdated tables had the effect of reducing the value of employees’ pensions by underestimating the plaintiffs’ life...
Tag: ERISA
Rising ERISA Litigation and the Importance of Section 104 Disclosure
Defense and plaintiff attorneys offer strikingly different accounts of the systemic issues haunting the ERISA litigation space.
Can a Current Active Participant Transfer Assets From a Frozen Plan To an Active ERISA 403(b) Plan?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
ESG Bluster Leads to No Effect for Three States’ Retirement Systems
For state pension funds considering environmental, social and governance investments, the sustainable strategies may be mightier than the letter.
Law Firm Files Motion to Dismiss ERISA Complaint Targeting BlackRock Funds
Attorneys for the defendants have asked a federal district court to dismiss ERISA fiduciary breach claims.
Quanta Services Sued in ERISA Lawsuit
The energy company was sued by two former employees for keeping poorly performing options on its retirement fund menu.
New Bill Would Void Mandatory Arbitration in ERISA-Governed Plans
The Mental Health Matters Act moves to the Senate after House passage, and would eliminate forced arbitration clauses, class action...
ERISA Lawsuit Brought Against Mutual of America
The plaintiffs have alleged Mutual of America plan fiduciaries using a closed-architecture recordkeeping platform caused plan participants to pay excessive...
How Plan Sponsors Can Combat Cybercrime
A panel hosted by the National Institute on Retirement Security explained that all pension plans are at increased risk, especially...
Associated Bank ERISA Lawsuit Dismissed
The plaintiffs’ fiduciary breach claims were dismissed, with prejudice, in United States District Court for the Eastern district of Wisconsin
Metro Bank Founder, Wife Reach Settlement with DOL over Profit-Sharing Plan Losses
Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of...
ERISA Amendment Could Lead to Increased Investment in Alternative Assets
The Retirement Savings Modernization Act would explicitly state that 401(k) plans can include investments in all asset classes, though this...
AAA Carolinas ERISA Lawsuit Settled for $500,000
The plaintiffs received early approval for class settlement in a retirement plan lawsuit against the Carolinas Auto Club that alleged...
Judge Rules in Home Depot’s Favor in ERISA Suit
Plaintiffs had alleged that Home Depot did not monitor their retirement plan offerings closely, and that they charged participants excessive...
ERISA Self-Dealing Lawsuit Targets Wells Fargo and Ex-CEO Sloan
Former employees allege that retirement plan fiduciaries engaged in prohibited transactions and breached their fiduciary duty to participants.
Senate Confirms Lisa Gomez as EBSA Head
The full Senate voted, 49-36, to confirm the new assistant secretary of labor for the Employee Benefits Security Administration.
What Would a Government Shutdown Mean for the DOL?
The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
Plan Progress Webinar: What to Expect From a Retirement Plan Adviser
As plan sponsors look to evaluate their relationship with their financial advisers, experts say it is critical that advisers understand...
Judge Dismisses ERISA Suit for Not Stating a Claim
A judge dismisses a suit against utility company Exelon, but leaves the door open for future proceedings.
Wake Forest University Retirement Plan Lawsuit Will Proceed
The plaintiffs’ claims survive the defendants’ motion to dismiss