Tag: ERISA

The ERISA Industry Committee (ERIC) and other groups are urging a federal appellate court to rehear a case which found fiduciaries at Kraft Foods may have breached their...

A federal judge in South Carolina approved a $30 million settlement against Duke Energy over its conversion to a cash balance retirement plan.

The ERISA Industry Committee (ERIC) urged the Treasury Department to be more responsive to easing the regulatory burden on sponsors of benefit plans in order to ensure that...

The 2010 ERISA Advisory Council found that deficiencies in limited scope audits of retirement plans may be due to some misunderstandings.

The 2010 ERISA Advisory Council found significant problems with retirement plan audit quality, auditor quality, or both.

A U.S. appeals court found that fiduciaries of the bankrupt Rock Island Corporation can be liable for allowing retirement plan participants to select company stock as an investment...

The ERISA Industry Committee (ERIC) submitted comments to the Department of Labor (DoL) in response to a Request for Information (RFI) on ways the Department could reduce the...

Federal regulators have released a final amendment to Prohibited Transaction Exemption 96-23 that broadens transactions allowed for employee benefit plans whose assets are managed by in-house asset managers...

A federal judge in California has certified as a class plaintiffs suing Northrop Grumman Corporation in an excessive 401(k) plan fee case.

The Department of Labor’s Employee Benefits Security Administration (EBSA) is offering an “Understanding Your Responsibilities Under ERISA” workshop.

The trustees of a Nevada supply company’s 401(k) plan can proceed with their suit accusing a plan consultant of a fiduciary breach by convincing the plan to invest...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities” Webcasts this week.

The U.S. District Court of Nevada used the "Moench" standard when it dismissed a claim that International Game Technology breached its fiduciary duty of prudence.

Stating that previous media reports on its position were unclear, the American Society of Pension Professionals & Actuaries (ASPPA) insists it and its affiliated organizations “strongly support” redefining...

A federal judge in Illinois awarded the employer in a stock-drop case $50,000 in costs a year after ruling against the employee who filed the case.

A lawsuit questioning Macy’s decision to continue offering company stock in its retirement plans following the acquisition of a troubled department store has won class action status.

At the ASPPA 401(k) Summit in Las Vegas this week, Brian Graff, CEO of ASPPA, and Greg Dean, General Counsel for the Senate Committee on Health, Education, Labor...

Crowell & Moring LLP has made Seth T. Perretta a partner for the firm's Corporate, Labor & Employment, and Health Care groups in the Washington, D.C. office.

National law firm Alston & Bird LLP announced that Jonathan Rose has joined the firm as a partner in its Washington, D.C. office.

The Dodd-Frank Act, target-date funds, and the evolving role of a fiduciary were some of the topics Frederick Reish and Robert Kaplan touched on at the ASPPA 401(k)...