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In this Sidecar episode of our Committed Capital podcast, Dechert partners Bill Bielefeld and Steve Rabitz dive into the challenges fiduciaries face under ERISA and the regulatory shifts poised to redefine retirement investment strategies moving forward.

The California State Teachers' Retirement System ("CalSTRS"), formed two Delaware limited liability companies for the purpose of purchasing and holding title to two investment properties...

In Burnett v. Prudent Fiduciary Services LLC, et al., the Plaintiffs (current employees of Western Global Airlines who participated in the Company's employee stock ownership plan ("ESOP"))...

On March 10, 2021, the Department of Labor's Employee Benefits Security Administration announced that it will not enforce or otherwise pursue enforcement actions with respect to two recently issued final rules amending ...

The final rule details the kind of communications that constitute investment advice, which give rise to fiduciary status.

On August 9, 2017, the Department of Labor ("DOL") stated in a court filing that the Office of Management and Budget ("OMB") is reviewing a proposal to extend the applicability date...

On August 24, the United States Department of Labor (DOL) announced a final rule governing the exemption of state-run retirement plans from the Employee Retirement Income Security Act (ERISA).

The U.S. Department of Labor ("DOL") recently entered into a settlement agreement with a New York-based insurer and third-party administrator...

A Kentucky federal district court ruled that a participant in CommonSpirit Health's 401(k) plan failed to state plausible claims for breach of fiduciary duty related to the fees and performance of...

A multiemployer plan that prevails in an action to collect delinquent contributions or withdrawal liability is statutorily entitled to recover reasonable attorneys...

The DOL adopted a final rule setting forth the duties of plan fiduciaries as to voting proxies held by the plans.

The Employee Benefits Security Administration ("EBSA") issued its enforcement fact sheet showing that EBSA recovered $1.9 billion from its investigations during the fiscal year ended September 30th, 2021...

For several years now we've been keeping you updated on the long and winding road of the Department of Labor's ("DOL") Fiduciary Rule.

The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (DOL) recently issued an advisory opinion clarifying that employers can offer lifetime income insurance products as default investments...

The Department of Labor’s Employee Benefits Security Administration (EBSA) is proposing to allow bankruptcy trustees to take advantage of the agency’s Abandoned Plan Program regulations under ERISA to terminate, wind up, and distribute retirement plan benefits to former employees of bankrupt companies.

A Department of Labor ("DOL") official recently stated that the DOL is now specifically investigating retirement plans to determine whether their plan sponsors have timely begun paying vested benefits...

In "Lanfear v. Home Depot, Inc.", Case No. 10-13002 (11th Cir. May 8, 2012), the U.S. Court of Appeals for the Eleventh Circuit adopted the presumption of prudence.