Tag: fiduciary duty

Both parties brought motions as a former pilot asserts that fiduciaries for American Airlines’ defined contribution plans breached their duty...

The 10th Circuit has joined several other circuit courts in holding that a ‘meaningful benchmark’ must apply to 401(k) participant...

The Department of Labor claims a payroll services and HR outsourcing company has effectively barred participants from accessing accounts and...

Attorneys for the funds argue in their motion that the complaint is ‘wasting the court’s time.’

The tax agency intends to use outreach and expanded exams over the next year to address compliance by companies with...

The department is seeking access to retirement assets owned by employees of a closed time-share-properties business in Houston.

The aerospace and defense contractor was sued for allegedly failing to pay required long-term disability benefits to a disabled former...

Fidelity Institutional and Financial Engines Advisors, LLC were removed as defendants to the lawsuit, the court docket shows.

The Department of Labor’s complaint may indicate health care regulations are going the way of rules for retirement plans. 

Former employees are suing GreatBanc Trust Co. and executives from Buckeye Corrugated Inc., a national packaging and display products manufacturer,...

The suit, filed in Massachusetts federal court, alleges retirement plan fiduciaries caused participants to pay excessive fees to plan recordkeeper...

Concrete producer Di Ferraro Inc. failed to remit employee withholdings and loan repayments to the plan over six years, the...

A Minnesota HVAC company is alleged by the Department of Labor to have misappropriated the retirement contributions of its’ employees,...

Workers should log-in to their recordkeeper’s website periodically to check online retirement accounts, the Department of Labor's Lisa Gomez advises. 

The Arborwell Inc. employee stock ownership program began in 2017, but the plaintiffs allege the ESOP’s 2020 sale to CI...

Employers in disparate principal businesses approach RFPs versus RFIs differently, as plan sponsors perform searches for employee benefit providers

Employers use the help of a consultant searching for employee benefit vendors, narrowly for certain tasks or pricing only and...

The trade group that sued the DOL says the regulator will not insist that rollover advice should be subject to...