Tag: ERISA

J.P. Morgan Chase agreed to pay $150 million to settle a lawsuit claiming losses from the bank’s securities lending program.

Eight-four percent of professional service firms say compliance with regulations is their top concern when sponsoring retirement plans for the employees.  

The U.S. Department of Labor's Employee Benefits Security Administration announced two upcoming “Getting It Right – Know Your Fiduciary Responsibilities” webcasts.

Stephen Wilkes joined The Wagner Law Group in its San Francisco office. 

A webcast by The Spark Institute examined details of the Department of Labor’s (DoL) final 408(b)2) regulation. 

Castle Rock Innovations, LLC (CRI) is offering tools that focus on benchmarking fees and services.

Kraft Foods Global agreed to pay $9.5 million to settle a lawsuit over excessive fees for its 401(k) plan investments.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting a voluntary fiduciary correction program (VFCP) advanced workshop.

Ary Rosenbaum, a New York-based Employee Retirement Income Security Act (ERISA) attorney, is introducing a new 401(k) plan for small- to mid-sized employers.

The Tribune Co., GreatBanc Trust Co. and various insurance carriers completed funding a global settlement of $32 million for the Tribune Employee Stock Ownership Plan’s participants. 

The U.S. Department of Labor (DoL) obtained a summary judgment ordering Compass Capital Partners Ltd. and owner Harris M. DeWese to restore $661,206 to the defunct West Chester,...

 Drinker Biddle & Reath LLP hired Bradford P. Campbell, former assistant secretary of Labor of the Employee Benefits Security Administration (EBSA), as counsel in its Employee Benefits & Executive...

 One of the key reasons for the 403(b) Transparency Taskforce’s new 403(b) model disclosure form is so vendors can show plan sponsors that they offer more than just...

Mesirow Financial and PNC Institutional Investments introduced Employee Retirement Income Security Act (ERISA) Section 3(21) and 3(38) fiduciary services for PNC's Vested Interest retirement plan sponsors. 

 An employer breached his fiduciary duties under the Employee Retirement Income Security Act (ERISA) by failing to honor a former employee’s rollover distribution request.   

Pioneer Investments launched a tool for registered investment advisers (RIAs) to help them comply with the new 408(b)(2) regulation.  

Pension plan sponsors view controlling funded status volatility as the top priority for their organizations, reports an SEI Quick Poll.  

 The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC and CEO Howard Neels for failing to remit employees’ contributions to the company’s 401(k)...

Now that the Department of Labor’s (DoL) regulation for 408(b)(2) has been finalized, it is important for plan advisers to understand how the final ruling impacts them.  

Members of the retirement plan community were mostly positive about the final rule on 408(b)(2) fee disclosure regulations.