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March 27, 2017

Higher Education Faculty Need Help With Investing

Nearly three in 10 (29%) professors surveyed by Fidelity aren’t sure of the investment mix of their retirement savings, suggesting they don’t know if the investments they selected align to a specific financial goal and timeline.

March 10, 2017

TIAA Wins Dismissal of Prohibited Transaction Challenge

An ERISA lawsuit filed against TIAA by employees of the University of Chicago and Nova Southeastern University has been dismissed by a federal judge, who ruled TIAA should not be considered a fiduciary to the plans. 

January 31, 2017

Agencies Say Church Plan Interpretation Deserves Deference

“If there were any doubt about the best interpretation of the church-plan definition, it would be resolved by the position adopted and consistently applied by the IRS, DOL, and PBGC,” counsel for the agencies state in an amicus curiae brief filed with the Supreme Court.

December 22, 2016

Expect More Varied ERISA Litigation in 2017

Aside from traditional allegations of excessive fees and mismanagement of company stock, ERISA litigation in 2016 included challenges to fund types, fiduciary processes and provider arrangements; expect more to come.