An appellate court has partly reversed the dismissal of claims against Berkshire Hathaway retirement plan fiduciaries accused of violating ERISA benefit cutback provisions.
Recognizing the new pleading standards set forth in Fifth Third v. Dudenhoeffer, the lawsuit suggests alternative actions plan fiduciaries could have taken rather than continuing to allow investments...
The DOL published a pretty substantial list of technical corrections to the Best-Interest Contract Exemption—including mostly minor clarifications but also a few potentially substantial adjustments.
A participant in Walt Disney Company's retirement plan is suing fiduciaries for not removing a fund that was overly concentrated in a pharmaceutical company's stock.
The complaint says the retention of American Century's proprietary mutual funds in its own 401(k) has cost plan participants millions of dollars in excess fees.
In addition to calling Fujitsu's 401(k) the most expensive large plan in the country, the lawsuit calls out the defendants design and implementation of custom TDFs.
Rev. Proc. 2016-37 ends the remedial amendment cycle system for individually designed plans and replaces it with a new approach to the remedial amendment period.
Under the terms of a proposed lawsuit settlement, Transamerica will have to make structural changes in the way it runs its own retirement savings plan, including changing how...
The Securities and Exchange Commission is proposing a new rule and rule amendments under the Investment Advisers Act of 1940 aimed at bolstering advisory industry succession planning.