5,360 results found

Anthem has settled a class action lawsuit brought by participants in employee health plans it administers, following negotiations and private mediation.

The "anti-cutback" rule of Internal Revenue Code section 411(d)(6) prohibits reductions in protected benefits of an ERISA pension plan.

Bank of America has become the latest employer to face a class action lawsuit alleging misuse of forfeited 401(k) funds.

Investment monolith BlackRock has officially withdrawn from the Net Zero Asset Managers Initiative, a coalition of corporations pledging to reach zero-carbon emissions by 2050.

A coalition of business and benefits groups has filed an amicus brief with the Fourth Circuit Court of Appeals, urging the court to uphold the dismissal of a lawsuit challenging Northrop Grumman's use of forfeited 401(k) funds. The case centers on whether employers can legally use these forfeitures to offset their own plan contributions rather than reduce participant administrative fees, a practice the groups argue has long been sanctioned by federal regulations.

‘Missing' or lost participants often raise a handful of legal and administrative issues for plan sponsors. The lack of definitive guidance has led to confusion for plan sponsors in deciding...

The 50th anniversary of the enactment of ERISA is next year, so we thought what better way to look back on those 50 years than with Seyfarth Partner, Howard Pianko...

On May 7, 2018, the U.S. Department of Labor (the "DOL") announced a new temporary enforcement policy in anticipation of the Fifth Circuit Court of Appeals ...

A federal district court recently allowed claims under the Employee Retirement Income Security Act (ERISA) and the No Surprises Act to proceed but dismissed various other claims.

On April 4, 2017, the Department of Labor ("DOL") issued a final rule extending by 60 days the applicability date of the final "fiduciary" regulation published a year ago (known colloquially as the "Fiduciary Rule").

The U.S. Department of Labor (DOL) has issued Advisory Opinion 2025-03A, in which it resolves a dispute over Morgan Stanley's deferred compensation program...

The DOL issued a Field Assistance Bulletin setting forth a temporary enforcement policy applicable to investment advice fiduciaries.

Recent comments from an official with the Department of Labor (DOL) indicate that the DOL's Employee Benefits Security Administration (EBSA) has begun investigating large defined benefit plans...

It has now been 30 years since the U.S. Congress enacted Section 404A to "rescue" U.S. taxpayers with global operations maintaining large foreign pension plans through branches, disregarded entities, partnerships or controlled foreign corporations.

Usually court cases involving proper remedies under ERISA are largely of interest only to ERISA attorneys and litigators. However, a recent Second Circuit Court of Appeals case is one that should...

As presidential hopefuls bemoan the high cost of healthcare, McDermott's Ted Becker imagines a stack of lawsuits pushed toward corporations and insurance...

A Pennsylvania federal district court judge granted in part and denied in part a motion to dismiss a proposed class action alleging Penn State Health mismanaged its defined-contribution retirement plans. The judge also ordered discovery into claims that the poorly performing investment options breached fiduciary duties under the Employee Retirement Income Security Act (ERISA).

On May 22, 2024, Judge O'Connor (N.D. Tex.) ordered that the plaintiffs claiming that investment managers breached their fiduciary duty due to their ESG-focused investing be certified as a class for purposes of the litigation...