Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past seventeen years involves retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment fees […]
The SECURE 2.0 Act of 2022 (“SECURE 2.0”) provided several new rules for age 50 catch-up contributions. Under one SECURE 2.0 section, if a 401(k), 403(b), or governmental 457(b) plan participant’s wages from the plan sponsor for the preceding calendar year exceeded $145,000 (adjusted for inflation), then his or her catch-up contributions for the current […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past seventeen years involves retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment fees […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past seventeen years involves retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment fees […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past seventeen years involves retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment fees […]
On June 26, 2023, the U.S. Department of Labor (the “DOL”) published a blog article titled “8 Tips for Protecting Your Retirement Savings Online.” Those tips are as follows: Register, set up, and regularly monitor online account: This reduces the risk of fraudulent account access and allows participants to identify and follow up on any […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past seventeen years involves retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment fees […]
As I noted in the February edition of The Speed Reader, the SECURE 2.0 Act of 2022 (“SECURE 2.0”) significantly expanded many plan sponsors’ ability to self-correct compliance issues, as opposed to correcting issues via the filing of an application with, and paying an application fee to, the IRS. SECURE 2.0 provides that any “eligible inadvertent failure” […]
The most common type of ERISA case for approximately the past seventeen years involves retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment fees and included one or more poorly-performing investment options in the plan. Recent cases in this category include the following: Huang v. TriNet HR III, Inc. […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past seventeen years involves retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment fees […]