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.
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
Rash of ERISA Lawsuits an Emerging Challenge: 2025 NAPA 401(k) Summit
Brian Graff says proliferation of lawsuits tops list of industry concerns during opening general session at industry’s biggest event
Jury Awards Pentegra MEP Participants $39 Million in ERISA Suit
Damages in excessive fee case believed to be highest yet after one-week jury trial
Trump EBSA Nominee Aronowitz Calls for Specialized ERISA Court
Encore Fiduciary leader and outspoken critic of frivolous litigation lays out case for why he believes it is needed
401(k) Forfeiture Lawsuits and SECURE 2.0 Compliance with Richard Clarke
The “flavor of the month” in retirement plan ERISA lawsuits seems to be 401(k) forfeiture reallocation cases, where…
Vast Majority of 401(k)s Have a ‘Red Flag’ Fiduciary or Regulatory Violation: Study
Abernathy-Daley analysis of Form 5500 filings indicate over 600,000 plans at risk