Browsing Tag
ERISA
289 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.
‘Pharma Bro’ Fallout: 401(k) Funds Can Be Garnished
Second Circuit decision this week finds ERISA doesn’t shield the retirement funds of former Martin Shkreli lawyer Evan Greebel
‘Reckless’ Jerry Schlichter Slammed (Again) in Empower’s Win
He is 'personally liable for Defendants’ excess costs, expenses, and attorney fees,' according to the judge
Shh! Victoria’s Secret Settles 401(k) Suit
The lawsuit alleged pricey fees and investment options in the $1.6 billion 401k plan
Performance-Based Target Date Lawsuits Cause Industry Concern
Fees charged for retirement plan services continue to attract attention—but with a twist
401(k) Cyber Theft Lawsuit Highlights Recordkeeper Procedures
We need a federal solution to protect participant accounts
A ‘Win’ for Plan Sponsors, Fiduciaries as Excessive Fee Case Dismissal is Upheld
Sixth Circuit issues first published appellate opinion applying Supreme Court’s ERISA ruling in Hughes v. Northwestern
Swisher, Roberts Joint Venture Launches its First PEP
A key differentiator is that employers retain the exclusive right to hire investment professionals of their choosing
The Dramatic Rise in Excessive 401k Fee Litigation—And Who’s Fighting It
After an unsatisfying Supreme Court decision for retirement plan fiduciaries in Hughes v. Northwestern, the U.S. Chamber of Commerce continues to fight the explosion of cases in a “cottage industry” with a unique strategy meant to get cases dismissed before they get to summary judgments or settlements. Here's an in-depth look at the issue
Inside the Post-Pandemic Retirement Benefits Landscape for Small Businesses
It's time for business owners to reevaluate their 401k offerings
RPS Retirement Plan Advisors Launches Pooled Employer Plan
“RPS SmartCourse Savings Plan” allows employers to take advantage of combined plans that are cost-effective and reduce liability