Pensions
Teamsters Pension Asks Supreme Court to Reverse PE Firm Withdrawal Ruling
Pension says circuit court ruling ‘provides a blueprint’ for private equity funds to ‘escape withdrawal liability.’
Tag: ERISA
Pensions
Public Funds Lead Institutional Investment Rebound
Funds with significant exposure to equities outperformed during the second quarter.
Regulation
Ohio Court Rules Segal Blend Violates ERISA
Case has ‘significant ramifications’ for employers contesting their withdrawal liability from multiemployer plans.
Newsmakers
Supreme Court Rules Pensioners in Fully Funded Plans Can’t Serve ERISA Suits
Plaintiffs charging mismanagement of funds would have received the same fixed payment regardless of investment outcomes, the ruling said.
Regulation
Judge Dismisses Trader Joe’s ERISA Lawsuit
Court ruling shoots down five allegations of breach of fiduciary duty.
Coronavirus - COVID-19
COVID-19 Layoffs Can Mean PBGC Reporting Obligations
PBGC monitors workforce reductions, so plan sponsors must be vigilant.
Regulation
Musicians Pension Settles Lawsuit Over ‘Risky’ Investments
Trustees accused of acting like ‘drunken gamblers’ pay nearly $27 million, deny wrongdoing.
Regulation
Northrop Grumman Pays $12.4 Million to Settle 401(k) Lawsuit
Lawsuit said firm’s alleged fiduciary failures caused plan to lose over $13 million
Regulation
Trader Joe’s Retirement System Hit with Lawsuit Alleging ERISA Breaches
Ex-participants of the popular food chain’s retirement plan bring allegations of ’dramatic’ pains.
News
Goldman Sachs Sued Over 401(k) Plan
Lawsuit alleges firm used underperforming proprietary mutual funds in plan.
Risk
AT&T Plan Members Sue Over Early Retirement Calculations
Complaint says media giant shortchanged participants who retired early.
Regulation
Walgreens Sued for $300 Million over Alleged 401(k) Mismanagement
Suit says poorly performing funds were ‘devastating’ to retirement accounts.
Regulation
Rhode Island General Assembly Passes Religious Pension Bill
Legislation would require church plans to follow ERISA standards.
SSM Health Agrees to $60 Million Settlement in Church Plan Lawsuit
Workers accused the health system of improperly claiming it was a church plan.
Supreme Court Agrees to Hear Case on ERISA Statute of Limitations
Lawsuit against Intel claims company plans included overly risky investments.