Compliance July 11th, 2022 ERISA Complaint Alleges $751K Retirement Account Thievery The entire retirement account balance of a Colgate-Palmolive retirement plan participant who lives in South Africa was distributed to a...
Compliance July 8th, 2022 University 403(b) Plan Faces ERISA Breach Lawsuit The plaintiff has alleged excessive fees for recordkeeping, administrative services and investment management against a large university plan in a new fiduciary breach lawsuit.
Compliance July 1st, 2022 Kellogg Faces ERISA Managed Account Fee Complaint The new complaint also suggests the company and its retirement plan fiduciaries permitted the payment of excessive recordkeeping fees.
Compliance June 29th, 2022 Excessive Fee ERISA Complaint Targets Cook Group The large medical-device-manufacturing organization is facing familiar fiduciary breach allegations in federal court in Indiana.
Compliance June 24th, 2022 MITRE Corp. Faces Familiar ERISA Fiduciary Breach Allegations Yet another employer has been sued by plaintiffs represented by the law firm Capozzi Adler.
Compliance June 23rd, 2022 Olin Corp. Soundly Defeats ERISA Lawsuit The judge’s opinion sides firmly against the arguments made by the plaintiffs in the case, who are among the many...
Compliance June 22nd, 2022 6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit One expert who works on the fiduciary insurance side of the retirement plan industry calls the appellate ruling ‘the best...
ERISA vista Cryptocurrency in DC Plans The DOL explains the digital investment products’ risks and challenges.
MODERN INVESTMENT MENU / CRYPTOCURRENCY Fool’s Gold for 401(k)s? The DOL’s guidance on cryptocurrency causes much confusion.
Compliance June 16th, 2022 Ready for PTE 2020-02 July 1 Enforcement? The July 1 enforcement date for the Department of Labor’s new best-interest rollover documentation requirements has been widely publicized, but...
Compliance June 15th, 2022 What’s Been Learned From ERISA Case Proceedings While the prevalence of settlements in ERISA cases means fewer legal conclusions have been drawn by the courts than one...
Compliance June 13th, 2022 Cybersecurity Is Everyone’s Responsibility Retirement benefit plans have deep pockets—filled with both assets and sensitive information—so it only makes sense that they are a...
Compliance June 6th, 2022 IBM Pension Plan Faces Outdated Mortality Data Challenge The plaintiffs are seeking to remedy alleged failures by an IBM pension plan to pay joint and survivor annuity benefits...
Compliance June 1st, 2022 Capital One Financial Beats ERISA Suit The dismissal order grants the plaintiffs, who are represented by the law firm Capozzi Adler, two weeks to file an...
Compliance May 27th, 2022 DENSO International America Faces Multi-Pronged ERISA Suit The complaint includes not just allegations of excessive fees, but also a charge that fiduciaries offered an underperforming stable value...
Compliance May 23rd, 2022 Is the Traditional Fiduciary Insurance Model at Risk? One legal professional at a fiduciary insurance firm argues that the ‘indiscriminate nature’ of recent ERISA lawsuit filings could eventually...
Compliance May 18th, 2022 NFP Named as Defendant in Parallel Molina Healthcare ERISA Suit The plaintiffs in the suit, who have already sued their plan sponsor, are now bringing a service provider into the...
Compliance May 18th, 2022 Barnabas Health Latest to Settle ERISA Suit A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than...
Compliance May 12th, 2022 John Hancock Defeats ERISA Foreign Tax Credit Lawsuit Though the court previously allowed class certification in the case, a new order firmly rejects the plaintiffs’ arguments that they...