Browsing Tag
ERISA
285 posts
ERISA (Employee Retirement Income Security Act) is a 1974 U.S. federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry. It aims to protect plan participants by requiring plans to provide information, establish fiduciary responsibilities, and give participants the right to sue for benefits and breaches of duty. ERISA also guarantees payment of certain benefits through the Pension Benefit Guaranty Corporation if a defined plan is terminated.
DOL Files Fourth Amicus Brief Backing Plan Sponsors in Forfeiture Suits
Labor Department urges Third Circuit to uphold Barragan v. Honeywell dismissal, arguing ERISA does not require forfeited funds be used to pay plan expenses
$70 Million ERISA Lawsuit Filed Against Bloomberg 401(k) Alleging Plan Mismanagement
Sanford Heisler Sharp McKnight files complaint claiming two chronically underperforming funds were not removed from lineup of $5 billion plan
House Passes Rep. Allen’s Anti-ESG Retirement Investing Bill
The Protecting Prudent Investment of Retirement Savings Act would ensure retirement plan sponsors make investment decisions exclusively based on economic factors and financial returns
DOL Celebrates Withdrawal of Supreme Court Petition in Home Depot 401(k) Case
EBSA’s Daniel Aronowitz says result ending case dating back to 2018 “reflects a victory for common sense”
Fred Reish Joins Prime Capital Retirement
Highly respected ERISA authority leaving Faegre Drinker to lead Prime Capital Retirement’s fiduciary and ERISA practice
Lawmaker Introduces Bill Supporting Pleading Standards for ERISA Suits
The bill follows a wave of recent ERISA class action litigation
Large 403(b) Plans Enjoy Fruits of Employer Contributions
New study shows employer contributions play key role in plan success—and 403(b) plans also benefit from wide variety of investment options
Trump’s Private Equity 401(k) Push: 12 Legal Views
A roundup of key insights from law firms in the wake of the Aug. 7 Executive Order
Borzi Sounds Alarm on Trump’s 401(k) Alternatives Order
Former EBSA head says offering private assets in DC plan investment lineups may expose fiduciaries to a range of potential ERISA liabilities
Scottsdale CEO Indicted for Embezzling from Retirement and Health Plans
James Vincent Campbell accused of making 135 unauthorized withdrawals topping $2.4 million to fund exotic hunting trips and more