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Displaying 9 results for: plan participants
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…
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Estee Lauder Faces 401(k) Excessive Fee Lawsuit
ERISA 07.09.2020

How to Effectively Handle DB Plans Through Covid-19

Defined Benefit, or DB plan sponsors were immensely impacted when the market was pummeled by the COVID-19 crisis. It is predicted that the volatility of the marketplace will maintain for a while. As such, plan…
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How to Effectively Handle DB Plans Through Covid-19
ERISA 07.09.2020

DOL Releases New Fiduciary Rule

The Labor Department has revealed its long-awaited fiduciary rule, along with some novel implications for record-keepers, rollover and Pooled Employer Plans advice. Titled “Improving Investment Advice for Workers & Retirees“, the proposal offers a new…
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DOL Releases New Fiduciary Rule
ERISA 06.17.2020

Update on EBSA Probing ESG Holdings

The New York Regional Office of the Employee Benefit Security Administration is requesting a laundry list of information from plans with ESG funds regarding the review and selection process for said options. The office is…
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Update on EBSA Probing ESG Holdings
ERISA 06.17.2020

Excessive Fee Lawsuit Targets RK Fees

In the U.S. District Court for the Southern District of Ohio, a lawsuit was filed by plaintiff-participants Gregory Stark, William Gaff and Michael Lewin as representatives on behalf of participants in the $2.9 billion Keycorp…
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Excessive Fee Lawsuit Targets RK Fees
ERISA 04.28.2020

New Legislation Will Temporarily Raise Contribution Limits

Rep. Patrick McHenry, a republican of North Carolina serving on the House Financial Services Committee, introduced the Securing Additional Value for Every Retirement Saver (SAVERS) Act in order to temporarily raise contribution limits for defined…
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New Legislation Will Temporarily Raise Contribution Limits
ERISA 04.28.2020

House Approves Bill to Help Pay Retirement Benefits

On April 23, the House of Representatives approved a $484 billion COVID-19 stimulus bill which incorporates funding that can be utilized to help pay retirement benefits. The novel legislation, titled the Paycheck Protection Program and…
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House Approves Bill to Help Pay Retirement Benefits
ERISA 04.22.2020

Putnam Settles for $12.5 Million in ERISA Case

In recent ERISA litigation headlines, there was a monumental divide between the nation’s courts in determining who exactly bears the burden of proof in a lawsuit. The original case, Brotherston v. Putnam Investments, LLC was…
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Putnam Settles for $12.5 Million in ERISA Case
Cyber for Plan Sponsors 03.06.2020

Protect Your Retirement Plan with Effective Cybersecurity Measures

In the new digital age, retirement plan participants are utilizing electronic platforms to access their 401(k) accounts. As all this vital, personal information moves online, your plan becomes more susceptible to fraud schemes and data…
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Protect Your Retirement Plan with Effective Cybersecurity Measures