Dog Walkers Back in Demand
With so many people going back to work, dog walkers are back in demand! If you are a dog walker, your state may require a dog walker license bond. Dog walking is becoming much more popular…
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Excessive Fee Suits Target CIT Choice Issues
Filed in the U.S. District Court for the Northern District of Illinois, eight former workers of Astella US LLC, a drug company, are suing plan fiduciaries of the company, criticizing the plan’s size and how…
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Is It a Fiduciary Breach not to Have Cyber Liability Insurance?
Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill in their field. They also owe a duty of loyalty to plan…
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Pennsylvania Governor Issues New Guidelines for Bars & Restaurants
On Wednesday, Governor Wolf of Pennsylvania launched a new set of guidelines set to go in effect on July 16. Per a press release from the Governor’s office, alcohol can only be served for on-premises…
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California Orders Shutdown of Indoor Restaurants & Bars
On Monday, California Governor Gavin Newsom ordered the closing of indoor restaurants, movie theaters, bars, and other recently-opened establishments across the state. As COVID-19 cases continue to rise, the Governor deemed it necessary to shut…
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Recent Updates in ERISA Plan Investment Regulation
The Labor Department has launched new guidance on private equity in 401(k) plan designated investment choices and a suggested regulation on social, environmental and governance investing. The proposed rule, titled Financial Factors in Selecting Plan…
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Governor Cuomo Launches COVID-19 Rental Assistance Program
On Tuesday, July 14, Governor Andrew Cuomo of New York announced an emergency rental assistance program that assist low-income families. The program offers direct aid for tenants who have lost income due to the restrictions…
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Estee Lauder Faces 401(k) Excessive Fee Lawsuit
Former plan participants of Estee Lauder’s 401(k) Savings Plan have filed a class-action lawsuit against the company, its board of directors, and the plan’s investment committee, alleging the company breached their fiduciary duties under the…
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$800 Million in Grants Given to U.S. Airports
To keep the airline industry afloat during the current pandemic, the Department of Transportation is sending nearly $800 million of grant money to 347 airports across 46 states and 4 territories. Though passengers are beginning…
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