ERISA class action lawsuits against retirement plan fiduciaries have become commonplace over the last few decades, usually alleging that imprudent processes and lack of oversight led to excessive fees ...
The IRS, PBGC and EBSA are accepting suggestions on how to simplify disclosures to benefit fiduciaries and participants. The Employee Benefits Security Administration, IRS and Pension Benefit Guaranty ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
In this new series, experts answer questions regarding fiduciary duties for health benefits in retirement plans.
Federal regulators are seeking public input on the effectiveness of existing reporting and disclosure requirements for retirement plans, in order to craft a SECURE 2.0-mandated report to Congress. The ...
The 408(b)(2) disclosures apply only to covered services provided to ERISA retirement plans. The regulations set a de minimis exception that excludes providers expecting to collect less than $1,000 ...
The Employee Retirement Income Security Act (ERISA) was enacted on Labor Day 1974 by President Gerald Ford to provide greater protection for employees participating in workplace benefit plans. More ...
To meet their fiduciary duties, the plan administrator of “covered individual account plans” must comply with the disclosure requirements of Section 404(a)(5). Covered individual account plans include ...
A Florida district court recently gave TECO Energy, Inc. another victory in an ERISA case when it dismissed Plaintiff’s proposed class action with prejudice. Roche v. Teco Energy, Inc., No.
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