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Equinix, a data center developer, has agreed to a $41.5 million settlement in a class action lawsuit involving its stockholders. The class alleged that Equinix mischaracterized...

Many states have banned discretionary clauses in life and disability policies. But remember to look closely at the language

The Retire Through Ownership Act establishes a clear safe harbor for ESOP fiduciaries determining fair market value of closely-held stock by allowing good faith reliance on independent valuations based on IRS Revenue Ruling 59-60. This legislation addresses decades of uncertainty surrounding the "adequate consideration" requirement under ERISA, potentially reducing litigation exposure for plan sponsors and fiduciaries while encouraging broader adoption of employee ownership structures.

The Internal Revenue Service (IRS) has again extended the temporary nondiscrimination relief for closed defined benefit plans

A Texas federal district court judge entered final judgment in favor of American Airlines in a class action lawsuit filed by workers over alleged violations of the Employee Retirement...

The First Circuit joined the Eighth Circuit in finding that Fidelity's practice of earning overnight "float" interest on the cash paid out to 401(k) participants redeeming shares in mutual funds did not violate ERISA's duty of loyalty or prohibition on self-dealing.

The Fifth Circuit agreed that a participant in Idearc's 401(k) plan failed to plausibly plead that the plan fiduciary's failure to act on publicly available information about Idearc amounted to a breach of fiduciary duty...

A U.S. Court of Appeals for the Fifth Circuit panel appeared skeptical during oral arguments in which conservative states and Texas-based energy interests sought to reverse a ...

The Department of the Treasury and the Internal Revenue Service (IRS) recently issued final regulations that address and implement various provisions of the SECURE 2.0 Act.

The IRS recently issued final regulations under Code section 3405 regarding proper elections out of federal income tax withholding for certain qualified plan payments that are not eligible rollover distributions.

The Tax Cuts and Jobs Act of 2017 amended long-standing periodic pension default withholding where a Form W-4P (or its substitute) is not received from the payee.

Plan sponsors, service providers and plan participants have been eagerly awaiting guidance on the new Coronavirus Relief Distribution (CRD) and loan provisions that were added by Section 2202...

When Congress first passed legislation to create "cash or deferred arrangements" – the original term for 401(k) plans...

A US Supreme Court case pitting pensioners against US Bank could have a wide-ranging impact on who can bring suit under ERISA, ...

Numerous colleges and universities sponsor retirement plans—both defined benefit (DB) and defined contribution (DC)—to provide retirement income security for their employees.

The Third Circuit held that where an employer has been party to multiple collective bargaining agreements ("CBAs") with a multiemployer fund, an employer's withdrawal liability should be based on "the single highest contribution rate" established under the CBAs.

While one may not automatically equate dress codes with workplace civility, dress codes do have a role in promoting a respectful and professional workplace culture.