JPMorgan Sued Over Health Plan’s Generic Drug Costs
The defendants claim the company breached its ERISA fiduciary duty by putting business interests ahead of the plan and its...
Tag: ERISA
Industry Groups File Amicus Brief Urging 11th Circuit to ‘Preserve Integrity of ERISA’
The brief is in support of Southern Co. Services, which is accused of using outdated assumptions when calculating retirees’ joint...
Study Finds Most Corporate Retirement Plans Have Regulatory or Fiduciary Violations
According to Abernathy Daley 401k Consultants, more than 600,000 American companies could be at risk of fines, legal penalties and...
Industry Groups Push to Dismiss PRT Lawsuit Against Bristol-Myers Squibb
In an amicus brief, several advocacy groups warned that letting the lawsuit proceed past a motion to dismiss could open...
JPMorgan Faces 401(k) Forfeiture Lawsuit
The banking giant is the latest company to face litigation over its use of forfeited 401(k) assets.
401(k) Excessive Fee Litigation Spiked to ‘Near Record Pace’ in ’24
Encore Fiduciary reported a 35% increase in ERISA excessive fee litigation, in part driven by a surge in plan forfeiture...
JP Morgan Bolsters Retirement Unit With Hires From Vestwell, Smart
Josh Forstater of Vestwell has been tapped to expand Morgan’s Everyday 401(k), and Tina Anstett of Smart will lead regulatory...
ERISA Advisory Council Approves 3 New QDIA Recommendations
The council is seeking to provide more participant education on retirement income options and a safe harbor for IRA rollovers.
401(k)s and the Courts in 2025
Plan forfeiture court decisions, Loper Bright’s use and potential DOL guidance shifts are all on the table, according to ERISA...
Mapping State Retirement Programs
Georgetown University’s Center for Retirement Initiatives provides a color-coded map of where U.S. state-led retirement programs stand today.
Mercer: Trump, New Congress Will Likely Continue Bipartisan Work to Expand 401(k) Coverage
Mercer’s policy lead says bipartisan work should continue to expand employer-sponsored retirement plan coverage, but tax treatment of such plans...
Correcting 401(k) Auto-Enrollment Failures
ERISA experts Fred Reish and Joan Neri answer a question about addressing a plan sponsor client’s error in implementing automatic...
Capital One Facing 401(k) Plan Forfeiture Suit
Capital One Financial Corp. and its board of directors are facing a lawsuit over the usage of 401(k) plan forfeitures, joining...
Department of Labor Schedules ERISA Advisory Council Meeting
The October 22 online session will focus on lifetime income and the access to claims procedures.
Treasury, IRS Issue Part-Time Eligibility Guidelines for ERISA 403(b) Plans
The guidance clarifies exclusions that prevent certain part-time employees from contributing to a plan.
New Retirement Income Solutions Developing for QDIA Integration
An ERISA Advisory Council meeting introduced strategies to incorporate retirement income solutions into qualified default income alternatives.
11th Circuit Appeals Court Rules With Home Depot on 401(k) Fee Suit
The court agreed with the district court decision that workers' "damages claims fail."
The DOL, the IRS and the Chevron Reversal
The Supreme Court’s Chevron reversal creates uncertainty for plan advisers and sponsors.
FSI, SIFMA Join Insurance Industry Lawsuit Against Retirement Security Rule
Brokers and asset managers have also opposed the rule, alongside the life insurance industry.
Preparing for the Retirement Security Rule
Some provisions are set to come into effect in September.