Browsing Tag
ERISA
280 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.
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
Private Equity in 401(k) Plans: Policy Shift or Practical Reality?
Executive Order or not, 90 North Consulting’s Eric Dyson stresses that nothing in it requires addition of private equity to a defined contribution plan
DOL Issues Brief Defending Employer Forfeiture Practices
The amicus brief urges the U.S. Court of Appeals for the Ninth Circuit to uphold a decision issued in the case of Hutchins v. HP, Inc.
Record-Breaking $69 Million Settlement in UnitedHealth 401(k) Case Finalized
Settlement said to be largest ever for a mismanaged retirement funds case
DOL Launches Opinion Letter Program to Expand Compliance Assistance
EBSA will release advisory opinions and information letters as part of program
ERIC Backs Bills Aimed at Bringing Transparency, Accountability to EBSA
The ERISA Industry Committee says “EBSA Investigations Transparency Act” and “Balance the Scales Act” would bring needed reforms