ERISA

ERISA is the underpinning of the law and rules that govern qualified plans. This section covers updates and revisions to the law and the growing number of lawsuits under ERISA, outlines best practices and provides insights into how advisors can understand ERISA’s nuances, use them to help clients and win more business.

 

By NAPA Net Staff4/30/2015 • 0 Comments

The U.S. Department of Labor has filed a lawsuit alleging that a profit-sharing plan lost more than $4 million when fiduciaries engaged in self-dealing and conflicted transactions involving plan assets when they caused the plan to pay excessive fees. READ MORE

By Nevin Adams4/9/2015 • 0 Comments

We live in an era of expanding electronic communications — but there are limits for ERISA plans, as a recent federal court ruling reminds us. READ MORE

By NAPA Net Staff4/7/2015 • 0 Comments

The United States Supreme Court recently agreed to hear another ERISA case, this one dealing with the ability of a plan fiduciary to recover an overpayment. READ MORE

By NAPA Net Staff4/1/2015 • 0 Comments

Avoiding litigation should be plan sponsors’ primary goal, but prudent plan drafting goes beyond mere risk avoidance. READ MORE

By Nevin Adams3/30/2015 • 0 Comments

A federal district court has dismissed retirement plan participant claims that Fidelity violated ERISA by keeping or improperly using “float income” generated by their plan(s). READ MORE

By Nevin Adams3/30/2015 • 0 Comments

Its day in court just days away, Ameriprise Financial, Inc. opted to settle a 2011 lawsuit claiming breach of fiduciary duty in the company’s 401(k) plan for $27.5 million. READ MORE

By Nevin Adams3/3/2015 • 0 Comments

On the fiduciary duty to look … and ask. READ MORE

By Fred Barstein2/26/2015 • 0 Comments

It’s no surprise that as DC plans have grown in popularity, so have lawsuits. Most of the well-known lawsuits have been against larger plans, but that’s no reason for smaller plans or their advisors to ignore the growing phenomenon. READ MORE

By NAPA Net Staff2/25/2015 • 0 Comments

A 401(k) revenue-sharing lawsuit finally got its day before the U.S. Supreme Court. READ MORE

By NAPA Net Staff2/21/2015 • 0 Comments

In what was described as the largest settlement of a 401(k) excessive fee claim ever against a single employer, a revenue-sharing lawsuit that had sought $1.3 billion in damages was settled for considerably less.

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By NAPA Net Staff2/17/2015 • 0 Comments

The ERISA public disclosure website — which houses filings by health and pension plans of private employers — is headed for the cloud. READ MORE

By Nevin Adams1/23/2015 • 0 Comments

With a month to go before its Supreme Court hearing, the employer defendant in a 401(k) excessive fee litigation case has petitioned the nation’s high court to drop the case. READ MORE

By Nevin Adams1/15/2015 • 0 Comments

The 7th U.S. Circuit Court of Appeals has outlined the conditions for determining the existence of a partial plan termination, ruling on the fifth appeal of what it called a “seemingly interminable class action suit.” READ MORE

By NAPA Net Staff12/17/2014 • 0 Comments

Another 401(k) revenue sharing lawsuit moved toward settlement this week — hours before the trial was scheduled to begin. READ MORE

By NAPA Net Staff12/17/2014 • 0 Comments

After what plaintiff’s attorneys describe as “more than 13 years of vigorously contested litigation,” Nationwide has moved to settle a revenue sharing lawsuit for an enormous $140 million. READ MORE

By NAPA Net Staff11/7/2014 • 0 Comments

If you're looking for an easy-to-use guide to employee benefit plan reporting, the IRS has just the thing, in the form of a handy guide to reporting and disclosure requirements under ERISA.

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By Ray Harmon11/6/2014 • 0 Comments

The ERISA Advisory Council has now made its final recommendations of 2014, and got an update on regulatory proposals in return. READ MORE

By Nevin Adams11/4/2014 • 0 Comments

MassMutual and Golden Star, Inc. have asked the court to approve a settlement in their 401(k) revenue-sharing suit. 

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By John Iekel10/28/2014 • 0 Comments

Turning 40 is one of those storied moments — and not just for individuals. ERISA turned 40 this year, affording an opportunity to take stock of its impact and whether it is functioning as intended. An Oct. 28 panel discussion at the 2014 ASPPA Annual Conference, held at National Harbor, Md. discussed exactly that. 

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By Fred Barstein10/21/2014 • 0 Comments

Floyd Norris, The New York Times’ chief financial correspondent, asks the obvious question why a plan sponsor would willingly (or neglectfully) choose a more expensive version of a fund — as was the case in the Tibble v. Edison case that is now before the U.S. Supreme Court. READ MORE

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