News

Smith & Nephew 401(k) Plan Challenge Stumbles in Massachusetts
Smith & Nephew Inc. got a partial win in a dispute over its employees’ 401(k) plan, when a federal magistrate judge ...
Novel 401(k) Plan Forfeiture Usage Rulings Tilt Toward Employers
The nascent legal battle over how employers use forfeited money in their 401(k) plans has spurred more than a dozen early ...
BenefitsPRO3d
Tech giant HP gets support from DOL, in its 401(k) ‘misuse of forfeited funds’ fiduciary lawsuit
Since there have been more than 50 similar 401(k) forfeiture lawsuits filed recently, the Department of Labor has weighed in on the HP lawsuit, now on appeal: “A fiduciary’s use of forfeited employer ...
Private Equity Wants Government Help for a Final Push Into 401(k) Plans
Fund managers are on the cusp of the $12 trillion market, but say fear of lawsuits repels potential clients.
National Association of Plan Advisors6d
Stifel Slapped with 401(k) Fiduciary Breach Suit
A new suit alleges that plan fiduciaries’ actions were “contrary to actions of a reasonable fiduciary and cost the Plan and its participants millions of dollars.” ...
PLANADVISER3d
DOL Files Amicus Brief in Support of Companies in 401(k) Plan Forfeiture Complaints
In filing an amicus brief to an appeal involving HP Inc., the Department of Labor offered guidance on an issue that has ...
USA Herald3d
DOL Sides With HP in 401(k) Forfeiture Suit
The U.S. Department of Labor has thrown its weight behind HP Inc. in a closely watched 401(k) forfeiture lawsuit, urging the ...
Arizona Daily Star5d
Teen's death to prompt lawsuit against Cigna over coverage denial
LOS ANGELES — The family of a 17-year-old leukemia patient is blaming health insurance giant Cigna Corp. for her death for initially refusing to pay for a liver transplant.