Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 07.29.2020

Arkansas Teacher Pension Sues Allianz Global Investors for Fiduciary Breaches

The Arkansas Teacher Retirement System, or ATRS, has filed a lawsuit against Allianz Global Investors to restore over $774 million in losses allegedly suffered due to negligence, fiduciary and contractual breaches of duty. The suit…
Read Moreabout Arkansas Teacher Pension Sues Allianz Global Investors for Fiduciary Breaches

Arkansas Teacher Pension Sues Allianz Global Investors for Fiduciary Breaches
ERISA 07.27.2020

Does ERISA Apply to Me?

If you are a plan fiduciary, you must be fluent in ERISA compliance. If you are not, this is the perfect time to understand what ERISA is and how you can become compliant! What exactly is…
Read Moreabout Does ERISA Apply to Me?

Does ERISA Apply to Me?
ERISA 07.27.2020

Koch Industries Hit with Excessive Fee Lawsuit

Koch Industries is now charged with excessive recordkeeping fees by current and former plan participants in the Georgia-Pacific Hourly Plan. The lawsuit against Koch Industries, Koch Business Solutions, and the Koch Benefits Administrative Committee alleges…
Read Moreabout Koch Industries Hit with Excessive Fee Lawsuit

Koch Industries Hit with Excessive Fee Lawsuit
ERISA 07.25.2020

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…
Read Moreabout Excessive Fee Suits Target CIT Choice Issues

Excessive Fee Suits Target CIT Choice Issues
ERISA 07.17.2020

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…
Read Moreabout Recent Updates in ERISA Plan Investment Regulation

Recent Updates in ERISA Plan Investment Regulation
ERISA 07.17.2020

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…
Read Moreabout Estee Lauder Faces 401(k) Excessive Fee Lawsuit

Estee Lauder Faces 401(k) Excessive Fee Lawsuit
ERISA 07.14.2020

Is Personal Information of Plan Participants An ERISA Plan Asset?

Retirement plan sponsors are beginning to see more claims involving the alleged wrongful use of personal information belonging to retirement plan participants claimed to be “plan assets”. The specifics of these allegations is that employers…
Read Moreabout Is Personal Information of Plan Participants An ERISA Plan Asset?

Is Personal Information of Plan Participants An ERISA Plan Asset?
ERISA 07.14.2020

House Passes PPP Deadline Extension

On July 1st, the House of Representatives gave their stamp of approval to the Senate-backed legislation to prolong the deadline for small businesses impacted by the pandemic to apply for loans under the Paycheck Protection…
Read Moreabout House Passes PPP Deadline Extension

House Passes PPP Deadline Extension
ERISA 07.14.2020

New Bill Creates Lost and Found Participant Database

It’s not easy for employees to manage, track, and consolidate retirement accounts as they bounce from job to job. Due to short employment periods, workers could leave behind retirement accounts with small balances, which drop…
Read Moreabout New Bill Creates Lost and Found Participant Database

New Bill Creates Lost and Found Participant Database