Whole Foods 401(k) Plan Sued
Plan participants working at Amazon subsidiary Whole Foods Market sued in Texas federal court.
Tag: fiduciary duties
Benefits |
IBM Plans to End 5% Employer Matching in 401(k) Plan
The American multinational technology company is pulling its traditional 401(k) company match in favor of a company retirement account contribution...
Former Director Sues Howard University Pension Plan
The former director of academic information resources at Howard University has sued the higher education institution, employees’ pension plan and...
DOL Sues SIMPLE IRA, Health Plan Fiduciaries for Misappropriation of Funds
The Department of Labor claims a New Jersey electrical contractor misappropriated employees’ retirement plan contributions and ended employer contributions to...
EBSA Plans Fiduciary Responsibilities Seminar in Los Angeles
The Department of Labor’s Employee Benefits Security Administration is bringing the regulator’s retirement plan compliance seminar to California.
Former HR Head Sues Investment Manager Alleging Retirement Plan Breaches
The former director of human resources at alternatives specialist Weiss-Multi-Strategy Advisers has sued the company, adviser subsidiary and retirement plan...
DOL Seeks Independent Fiduciary for 401(k) Plan of Closed NY Construction Company
When L D Wenger Construction Co. Inc. ceased operations, its 401(k) plan was deserted by the fiduciary, barring retirement plan...
Lawsuit Targets California Medical Center 403(b) Plan
A former employee of Cedars-Sinai Medical Center alleges onerous plan fees and under-performing funds.
Legal Complaint Targets Pfizer 401(k) Plan Committee, Board
The class action proposal seeks to recover retirement plan losses allegedly caused by fiduciary breaches leading to ‘unreasonable’ fees.
Financial Services Company CoreLogic Targeted in ERISA Suit
The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.
House Hearings Emphasize Sharp Partisan Divide on ESG
The narratives of the two parties have consolidated around opposing views and how those views relate to fiduciary duties.
ESOP Lawsuit Follows Sale to Private Equity Firm
A New Jersey-based graphite manufacturer is alleged to have failed to operate the employee stock ownership plan in the best...
Benefits |
ERISA Lawsuit Against Kellogg Dismissed
The retirement plan lawsuit, originally filed in 2020, alleged fiduciary breaches committed by the ERISA finance and administrative plan committee.
GOP Attorneys General Raise Fiduciary, Antitrust Concerns in Letter to BlackRock
August 4 letter to CEO Larry Fink seeks ‘clarification on actions that appear to have been motivated by interests other...
ESG As a Fiduciary Consideration
Industry professionals highlight the importance of implementing environmental, social and governance strategies, and explain how the investments connect to a...
Unwrapping Compliance on Gift-Giving and Donations
Whether it’s World Series tickets or a luncheon, are these gifts compliant with government and company rules concerning retirement plan...
Opinions |
Participant Loans: A Fiduciary Storm Brewing?
Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants...
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...