Compliance | March 11th, 2015 Supreme Court Could Consider RJR Stock Drop Case The U.S. Supreme Court may take up important fiduciary liability questions related to a “reverse stock-drop” case leveled against a...
Compliance | February 26th, 2015 Court Orders Additional Recovery of Misused Pension Funds A federal court has ordered a fiduciary to repay $300,000 to a number of pension plans, for which the Department...
Compliance | February 25th, 2015 Justices Consider ‘Duty to Monitor’ in Fee Case Arguments The U.S. Supreme Court heard oral arguments in a case said to be the first excessive 401(k) fee litigation to...
Compliance | February 20th, 2015 Long-Running Lockheed Martin Fee Case Settled Plaintiffs’ attorney Jerry Schlichter says the settlement is the largest result for a 401(k) excessive fee claim ever levied against...
Compliance | February 17th, 2015 Firm Not Liable for Botched Benefit Estimates A federal appeals court in Puerto Rico ruled retirement benefits a participant believed were negotiated were not due under the...
Compliance | February 9th, 2015 Aegon Sued Over Management of Its Retirement Plan A lawsuit claims retirement plan provider and asset manager Aegon USA caused superfluous fees to be charged to its own...
Compliance | February 2nd, 2015 Former Comcast Employee Accused of Bilking Retirement Accounts A U.S. attorney has accused a former Comcast employee of creating dummy retirement accounts and defrauding the firm of nearly...
Compliance | January 21st, 2015 Supreme Court Urged to Drop Review in Tibble Case Edison International has petitioned the U.S. Supreme court to drop its review of Tibble vs. Edison International, a closely watched...
Compliance | January 20th, 2015 DOL Challenges Rochester Investment Adviser on Fees The U.S. Labor Department filed a complaint against a Rochester, New York, investment adviser and plan administrator to recover losses...
Compliance | January 16th, 2015 FedEx Pension Plan Faces DOMA-Related Challenge The surviving spouse of a fully vested participant in a FedEx pension plan claims she is being unlawfully denied a...
Compliance | January 13th, 2015 DOL Explains Drop in 2014 Collections Number The DOL’s Employee Benefits Security Administration says a substantial year-over-year drop in the agency’s reported collection totals for 2014 is...
Compliance | January 9th, 2015 2014 EBSA Collection Totals Questioned The dollar amount secured by the DOL’s Employee Benefit Security Administration dropped substantially in 2014 compared with the previous year,...
Compliance | January 8th, 2015 2nd Circuit Agrees with Reformation of CIGNA Cash Balance Plan In Amara v. CIGNA Corp., an appellate court has once again agreed that a change in plan terms is an...
Compliance | January 8th, 2015 DOL Collected Almost $600 Million in 2014 Enforcement Actions The Department of Labor’s Employee Benefits Security Administration says it restored over $599.7 million to employee benefit plans and participants...
Compliance | January 7th, 2015 ERISA Lawsuit Filed Against Avon Products A lawsuit claims fiduciaries to Avon Products defined contribution plan violated their duties to participants by keeping company stock as...
Compliance | January 5th, 2015 District Court Moves Forward Boeing Fee Case A federal district court has denied Boeing’s request for summary judgment on the merits of Spano vs. The Boeing Company,...
Compliance | January 2nd, 2015 Supreme Court Sets Date for Tibble Arguments The United States Supreme Court will hear arguments in the closely watched 401(k) fee litigation case Tibble v. Edison near the end...
Compliance | December 26th, 2014 9th Circuit Revives Case for Consideration of Surcharge A federal appellate court has sent a case back to a district court because the district court’s decision was made...
Products | December 19th, 2014 A 2015 Defined Contribution Checklist Continuing an annual tradition, consulting firm Mercer has compiled a list of the top 10 recommended steps that defined contribution...
Compliance | December 15th, 2014 Nationwide Settles 13-Year-Old Revenue Sharing Suit After 13 years and a number of court opinions, all granting relief in the plaintiff’s favor, Nationwide has presented a...