Tag: ERISA

A federal court dismissed a claim that Wal-Mart Stores breached its fiduciary duties in underpaying retirement plan contributions based on wages that were discriminatory against women.

A federal appellate court has found that a profit-sharing plan must pay back more than $1 million in assets wrongly transferred from a participant’s account, even thought it...

The Department of Labor (DOL) announced upcoming voluntary fiduciary correction program workshops in three states.

 The Principal Financial Group expanded its investment fiduciary support to include ERISA 3(21) and 3(38) fiduciary services.  

A law firm is investigating the Board of Directors of WCA Waste Corporation for possible breaches of fiduciary duty in connection with the sale of the company to...

Secretary of Labor Hilda L. Solis made five appointments to the 2012 Advisory Council on Employee Welfare and Pension Benefit Plans.  

As financial professionals anxiously await the Department of Labor's next version of the fiduciary definition, Bradford Campbell, ERISA attorney and former head of EBSA, offered his insights today during...

During a webcast today, Marcia Wagner discussed ways for advisers to tackle the Department of Labor’s new rules in 2012.  

YRC Worldwide Inc. has agreed to pay $6.5 million to settle lawsuits brought by its employees over losses in their retirement accounts from investments in company stock.

In a long-running legal challenge against Kraft Foods, a federal court has denied class certification to defined contribution plan participants on their remaining claims.

The U. S. District Court for the Western District of North Carolina has approved a $12.35 million settlement in an ERISA fiduciary breach case against Wachovia.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) issued a final regulation regarding a new prohibited transaction exemption.

The law office of Brodsky & Smith, LLC announced that it is investigating Bank of New York Mellon’s investment of retirement plan participants’ and beneficiaries’ assets in company...

Having drawn the scrutiny of regulators, Bank of New York Mellon now finds itself the target of another investigation.

The U.S. Department of Labor has filed a complaint in federal court against A.B.D. Tank & Pump Co. and Keith Davis, its president and owner, to restore more...

The Department of Labor has selected Mary Ellen Signorille to serve on the Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory...

The fiduciary exception to the attorney-client privilege rule extends to plan administration between an ERISA trustee and a plan attorney, the 4th U.S. Circuit Court of Appeals has...

The Investment Company Institute (ICI) said plaintiffs’ contentions in Tibble v. Edison International that so-called “retail” mutual funds offered by the plan would not have been offered by...

Davis Polk & Wardwell LLP announced Jeffrey P. Crandall is joining the firm in New York as a partner in its Executive Compensation and Employee Benefits practice. 

A federal appellate court has upheld a ruling that the cash balance plan offered by El Paso Corporation does not violate the Employee Retirement Income Security Act (ERISA)...