Plaintiffs Refile ERISA Lawsuit, Adding Adviser to Defendant List
The plaintiffs in an ERISA fiduciary breach lawsuit known as Fleming v. Rollins Inc. have refiled their complaint in federal...
Tag: ERISA
Informational Copies of 2021 Form 5500 Published by DOL
In addition to the Form 5500 informational copies, the IRS has also released the 2021 Form 5500-EZ and related instructions.
Chicago Consultant Faces New ESOP Lawsuit
The complaint claims ERISA violations against the company for allegedly deflating the plan’s value.
Plaintiff’s Severance Agreement Doesn’t Stop ESOP Lawsuit
The defendants’ motion for summary judgment, based on the release of claims and their contention that the plaintiff didn’t suffer an injury, was denied.
Plaintiffs Refile ERISA Complaint Against Prudential
The original lawsuit was dismissed in September, but the plaintiffs were given time to file an amended complaint, which they...
Natixis ERISA Lawsuit Clears Early Dismissal
Like the many other ERISA lawsuits filed against large financial service providers, the complaint alleges that the defendants failed to...
Lawsuit Alleges ERISA Breaches by Fiduciaries of Nokia of America 401(k) Plan
Plan fiduciaries face a breach of duty of prudence claim over allegedly excessive investment and recordkeeping fees.
Voya Faces ERISA Complaint Targeting Its Own Plan
Among other allegations, the plaintiffs claim Voya engaged in an imprudent process while selecting and retaining proprietary target-date funds and a stable value option.
Trends
The Greening of Proxy Voting
ESBA’s rule, making voting more transparent, will call for new adviser services.
Compliance News
Legislative and Judicial Actions
The DOL gives advisers a ‘grace month’ to comply with impartial conduct standards; the IRS ups the contribution limit by...
Delta Air Lines Faces ERISA Actuarial Equivalence Pension Lawsuit
The complaint challenges the use of both allegedly outdated mortality tables and artificially high interest rate assumptions in the conversion of annuity types under multiple pension plans.
Will the Supreme Court Give Plan Sponsors Any Relief From Excessive Fee Lawsuits?
They haven’t gotten any solutions so far from lower courts, but a high court ruling could affect the number of...
Northwestern University Supreme Court Argument Analysis
Two expert attorneys who listened to this week’s oral arguments in Hughes v. Northwestern University say they would “rather be...
Exelon Faced With ERISA Excessive Fee Suit
The lawsuit claims Exelon used proprietary funds with excessive fees and allowed participants to pay excessive fees for recordkeeping and...
ERISA Suit Dismissal Shows How Claims Can Fall Short
The district court accepted a magistrate judge’s recommendation and dismissed the case based on the plaintiffs’ failure to state an...
Plaintiffs File ERISA Excessive Fee Lawsuit Against VCA
The lawsuit claims the veterinary hospital network’s retirement plan, which has more than $500 million in assets, should have paid lower fees for recordkeeping and administrative services.
Latest Capozzi Adler ERISA Suit Targets Olin Corp.
The allegations in the new lawsuit are familiar, suggesting the plan fiduciaries permitted the payment of excessive recordkeeping and investment...
Some Claims Dismissed in LinkedIn Excessive Fee Suit
However, the judge has granted the plaintiffs leave to amend the ERISA complaint.
The Fiduciary Insurance Market Crunch Matters for Everyone
In a Q&A with PLANADVISER, expert benefits attorney Erin Turley points to a critical emerging challenge for the retirement plan...
Defendants in Outdated Mortality Table Suit Agree to Benefit Recalculations
The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment.