Compliance | December 11th, 2014 Solicitor General Argues for Reversal of Tibble Decision The U.S. Solicitor General filed a second brief with the United States Supreme Court supporting the plaintiffs in a closely...
Administration | December 10th, 2014 2015 Year in Preview Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.
Compliance | December 5th, 2014 With No Presumption of Prudence, RadioShack Faces New Lawsuit A lawsuit has been filed that some say is the first to cite the Supreme Court case about whether retirement...
Compliance | December 4th, 2014 Plenty of Regulatory Action Ahead for Retirement Industry Experts from Drinker Biddle & Reath LLP had no shortage of topics to cover in a recent discussion about potential...
Compliance | November 26th, 2014 Judge Orders Fee Case Evidence Be Given to DOL A federal district court has approved the Department of Labor’s motion to intervene in a 401(k) excessive fee case.
Compliance | November 21st, 2014 EBSA Issues Temporary Exemption for Credit Suisse Credit Suisse AG has received temporary approval to continue acting as a qualified professional asset manager (QPAM), after pleading guilty...
Compliance | November 12th, 2014 Supreme Court Denies Review of Tussey Fee Case The U.S. Supreme Court has denied a request to review an appellate court’s decision in a case concerning retirement plan...
Compliance | November 6th, 2014 Court Opens Door for Disclosure of Investment Guidelines An appeals court has opened the door for the requirement that an ERISA plan’s investment guidelines be disclosed to participants...
Compliance | November 5th, 2014 Court Revisits Ruling in Light of Dudenhoeffer Decision The 9th U.S. Circuit Court of Appeals has revisited its ruling in a retirement plan stock drop suit in light...
Compliance | November 4th, 2014 MassMutual Agrees to Settle Revenue Sharing Lawsuit Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to settle a lawsuit brought by a 401(k) plan sponsor alleging the...
Compliance | November 4th, 2014 DOL Files $7M Improper Investment Suit The Department of Labor filed a lawsuit to restore $7 million to participants in two Wheeling, West Virginia-based retirement plans,...
Administration | November 3rd, 2014 GE Sued for Moving to DC Model for Retiree Health Care One current and one former General Electric employee have sued the company for moving to a defined contribution (DC) model...
Compliance | November 3rd, 2014 Plan Fiduciaries Liable for Mispriced ESOP Stock Purchase The owner of Bruister and Associates and trustees of its employee stock ownership plans (ESOPs) were found responsible for causing...
Compliance | October 17th, 2014 Court Dismisses Stock Drop Case Against UBS October 17, 2014 (PLANSPONSOR.com) – A federal district court judge has found a participant in the UBS Savings and Investment...
Compliance | October 17th, 2014 How a Plaintiff's Attorney Views the Supreme Court Fee Case October 17, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court announced early this month that it would review parts of an...
Compliance | October 13th, 2014 Appellate Court Upholds DC to DB Transfer Elimination October 13, 2014 (PLANSPONSOR.com) – Another federal appeals court has ruled employers may eliminate retirement plan transfer provisions allowing employees...
Compliance | October 9th, 2014 Court Moves Forward Citigroup 401(k) Excessive Fee Suit October 9, 2014 (PLANSPONSOR.com) – Participants in the Citigroup 401(k) plan can move forward with their claims plan fiduciaries violated...
Compliance | October 6th, 2014 Experts See Big Stakes in SCOTUS Review of Tibble October 6, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court’s decision to review parts of Tibble v. Edison International could have...
Compliance | October 2nd, 2014 Supreme Court Will Hear Tibble v. Edison Case October 2, 2014 (PLANSPONSOR.com) – The law firm of Schlichter, Bogard & Denton says the U.S. Supreme Court has agreed...
Compliance | October 2nd, 2014 Court Finds John Hancock Not a Fiduciary in Fee Case October 2, 2014 (PLANSPONSOR.com) - John Hancock has ultimately been found not to be a fiduciary in a case alleging...