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Cigna Health and Life Insurance Co. has offered to settle a proposed class action lawsuit for $5.7 million. The case is Hecht et al. v. The Cigna Group, case number 1:24-cv-05926...

On September 20, 2018, the US Supreme Court dismissed—pursuant to settlement

Rajkumar Rajappan, a Bloomberg 401(k) plan participant, has filed a class action under the Employee Retirement Income...

Groom has prepared a comparison here of the provisions in two key retirement bills being considered by the 117th Congress: the Securing a Strong Retirement Act of 2021 and the Retirement Security & Savings Act (S. 1770, "Cardin-Portman").

The court in Tussey v. ABB Inc. awarded class counsel $11.7 million in attorneys' fees and affirmed its earlier award of $2.28 million in costs and class representative awards.

When a nonqualified deferred compensation plan qualifies as a "top-hat" plan under ERISA, the benefits are that the plan is exempt from various reporting, disclosure and funding rules.

Dale Earnhardt, Jr. shocked the racing world last week when he abruptly announced his retirement from NASCAR at the end of the 2017 season.

In consideration of Data Privacy Day, it is the perfect time to take stock of retirement and health plan information.

On June 14, 2021, the Department Labor ("DOL") issued Information Letter 06-14-2021 to address whether ERISA requires plan fiduciaries to produce audio recordings and transcripts of telephone...

Federation of Americans for Consumer Choice Inc. (FACC), an insurance trade group, and other companies, individuals, and industry groups previously filed suit challenging the U.S. Department of Labor’s...

The U.S. Department of Labor (DOL) has announced an opinion letter program that five of its agencies will utilize to create more accessible guidance concerning federal labor laws.

The DOL named five members to the 2021 Advisory Council on Employee Welfare and Pension Benefit Plans ("ERISA Advisory Council").

In early April 2017, the Department of Labor (DOL) extended the applicability date of their final rule defining who serves as a fiduciary under the Employee Retirement Income Security Act of 1974...

The DOL's Employee Benefits Security Administration ("EBSA") provided new guidance for plan sponsors, fiduciaries, participants and record-keepers concerning best practices for managing cybersecurity.

On Tuesday and Wednesday, the U.S. Congress, split primarily along party lines, passed disapproval resolutions, legislatively overruling a Biden administration rule recently issued...

Rev. Proc. 2021-30 is the latest iteration of the IRS correction program – Employee Plans Compliance Resolution System ("EPCRS") – that enables plan sponsors and the retirement industry to sleep at night

The Ninth Circuit recently held that ERISA does not preempt a Nevada state law that curtailed the ability of multiemployer plans to recover unpaid employer contributions.