Tag: Fiduciary

The U.S. Department of Labor (DOL) has obtained a default judgment to restore employee contributions to the retirement plan of a Pennsylvania nonprofit organization.

The U.S. Department of Labor (DOL) has alleged that DTK Computer Inc. failed to take control of its retirement plan’s assets.

The U.S. Department of Labor (DOL) has filed a lawsuit against a California bank, alleging that nearly $1.4 million in employee stock ownership assets were mismanaged.

An investment adviser has been ordered to restore plan losses, incentive fees and penalties for several employee benefit plans.

By institutionalizing their defined contribution (DC) plans, plan sponsors can give their participants better retirement outcomes, a paper contends.

ERISA attorney Philip J. Koehler has launched ERISA Fiduciary Administrators LLC (EFA).

A federal appeals court found the application of the presumption of prudence to be appropriate at the motion to dismiss stage.

The U.S. Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) announced default judgments have been entered against the fiduciaries of two retirement plans.

August 7, 2013 (PLANSPONSOR.com) – Attorneys at Drinker Biddle & Reath identified what they say are a number of deficiencies in Ian Ayres’ study of retirement plan fees. 

 Matthew Hutcheson, the former trustee and fiduciary of a pension plan, was sentenced to more than 17 years and ordered to pay more than $5.3 million in restitution. 

Claims brought against John Hancock Life Insurance Company by retirement plan participants have been dismissed.

The U.S. Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) will sponsor Getting It Right – Know Your Fiduciary Responsibilities webcasts.

A federal bankruptcy court ruled a plan fiduciary still owes contributions to multiemployer plans though he filed for bankruptcy.

The investment strategies group of Mesirow Financial rolled out fiduciary services for ERISA sections 3(21) and 3(38) through CPI Qualified Plan Consultants Inc.

A federal judge dismissed a lawsuit brought against telecommunications firm Verizon Communications Inc., which dealt with the transfer of pension obligations.

The U.S. Department of Labor (DOL) will be offering two seminars about retirement plan compliance and fiduciary responsibilities.

Ary Rosenbaum, a New York ERISA attorney, introduced an independent Employee Retirement Income Security Act (ERISA) Section 3(16) fiduciary service.

The acquisition of Citigroup Trust-Delaware N.A. by Reliance Financial Corporation was completed, and the new company is Reliance Trust Company of Delaware.

The U.S. Department of Labor (DOL) will be offering two seminars about retirement plan compliance and fiduciary responsibilities.