A law firm investigates whether conduct of fiduciaries to the Wachovia Savings Plan violated ERISA by not disclosing the risk of company stocks in light of the sub-prime...
Three trade groups have leaped into the fray over excessive fees in the Deere&Co. 401(k) plan, contending that allowing the suit to continue could support excessive fee litigation.
A lawsuit filed in Marshall County, West Virginia, claims public school personnel were duped into moving from the old Teachers’ Retirement System (TRS) into a new Teachers’ Defined...
A 10th U.S. Circuit Bankruptcy Appellate Panel upheld a lower court ruling that the proceeds of debtor’s rolled over benefits from an employee stock ownership plan (ESOP) are...
A U.S. district court rejected the attempt by an employee stock ownership plan (ESOP) participant to revive her fiduciary breach case based on the recent U.S. Supreme Court...
An annual study by Sutherland Asbill&Brennan LLP found that broker/dealers are often more successful than individuals in hearing panels against the Financial Industry Regulatory Authority (FINRA).
Last week, the Connecticut legislature didn’t get around to voting on a bill that would have effectively set up a state-sponsored 401(k) plan for small businesses.
UBS Financial Services Inc. reached an agreement with Massachusetts Attorney General Martha Coakley to return $37 million to 17 cities and towns, as well as to the Massachusetts...
A bill allowing the state of Connecticut to sponsor a 401(k) plan for small businesses apparently was a casualty of the last-minute scramble by lawmakers to end their...
Federal benefit plans regulators on Thursday assured plan sponsors that paying strict attention to plan reporting rules was actually to their advantage.
A top Department of Labor (DoL) benefits regulator on Thursday revealed that the agency is studying ways to help 403(b) plan sponsors better deal with the difficult problem...
The 4th U.S. Circuit Court of Appeals affirmed the conviction of two retirement plan administrators for Employee Retirement Income Security Act (ERISA) theft because of unpaid plan contributions.
A federal judge has permanently barred a District of Columbia lawyer from servicing any Employee Retirement Income Security Act (ERISA) plans after the attorney was charged with helping...
The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration has released a Q&A dealing with technical corrections to the final regulation on qualified default investment alternatives (QDIAs).