The hearing last month explored the legal process for enforcing the fiduciary duty of retirement plans to avoid excessive recordkeeping fees.
The brief is in support of Southern Co. Services, which is accused of using outdated assumptions when calculating retirees’ joint and survivor annuity benefits.
In another courtroom battle between the Department of Labor and the retirement industry, three big employer groups are ...
When it comes to ERISA ligation, even if at first you do succeed, you often have to try, try again. Certainly that’s been the case of the fiduciaries of the HP 401(k) plan, one of a number of national ...
How much proof of mismanagement or financial malfeasance do you need before you can legally accuse your retirement plan of ripping you off?
The first piece of guidance involves the long-awaited and highly anticipated “adequate consideration” regulations under the Employee Retirement Income Security Act of 1974 (ERISA), which apply when ...
The Supreme Court heard oral arguments Jan. 22 about a long-running legal battle between Cornell University and former ...
The lawsuit filed in Texas says the carrier's failure to remove an underperforming fund option, which holds over $2 billion in assets, has cost plan members millions.
There has been a recent uptick in ERISA class actions challenging the use of 401(k) plan forfeitures. Forfeitures are employer contributions ...
The ERISA Industry Committee, along with two other industry groups, is seeking the dismissal of the drugmaker’s PRT lawsuit ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...
Fifty years ago, the world dramatically changed for Americans saving for retirement. The landmark law known as the Employee Retirement Income Security Act (ERISA) was enacted. But is the law still ...